Economy

Laurel Davis, VP, credit risk transfer at Fannie Mae, explains why the switch to a REMIC structure for CAS is important, and why it took so long.

Hiring by nonbank mortgage lenders and brokers ebbed in September as the housing market prepares to pack it in for the colder months.

Home sale prices across Connecticut rose in September, compared with a year ago, reaching their highest level for the month since 2008.

Fannie Mae and Freddie Mac transferred a substantial amount of credit risk to the private sector through both single-family and multifamily market transactions in the first half of the year, with activity expected to rise in 2019, according to the Federal Housing Finance Agency.

New York's Department of Housing Preservation and Development has released a "Speculation Watch List" of rent-regulated homes sold that the agency said could potentially put tenants at risk.

The number of single-family homes sold during the third quarter declined 6.7% from the same three-month period a year ago, while the median sales price rose 3.8%, according to the Rhode Island Association of Realtors.

When the mortgage giant will be released from government control is anyone's guess, but the company's third-quarter report shows signs of an easier transition.

Mortgage borrower credit scores hit their low points more than five months after making a home purchase, but lender reporting cycles also cause these results to vary, according to LendingTree.

Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission.

More people bought homes at Hawaii resorts in the first half of this year and extended a rebound in the market that began last year, according to a new report.

A deal between TD Bank and a Vermont nonprofit is just one example of how banks are getting creative in addressing affordable housing needs while reaping financial and regulatory benefits.

Lennar Corp. is selling a portion of its Rialto business to Stone Point Capital for $340 million, adding to Stone Point's holdings in the real estate and financial industries.

Sales of existing homes in September in Northwest Indiana took a dip this year, with the seven-county area recording its lowest September level since 2014.

Under the Federal Housing Finance Agency's plan, small Home Loan banks would face a new housing benchmark and a volume threshold for meeting the goals would be eliminated.

Growing home prices plus rising interest rates are putting a damper on mortgage lending, which pushes the market to seek out less qualified borrowers and increases the risk of fraud.

Thousands of homeowners in San Francisco, Los Angeles and Chicago are headed out of town.

Fannie Mae has priced more securities that support a transition away from the London interbank offered rate.

Average new-home prices increased in four major Texas markets in September, with prices edging up 0.7% to $357,364 in the Houston area, according to a new report by HomesUSA.com.

Contracts to buy previously owned homes rose for the first time in three months, indicating that the recent market slump may be starting to stabilize, National Association of Realtors data showed.

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.