Economy

A stronger economy, easing house price appreciation and slightly improving inventory conditions aren't enough to push up home sales this year, according to Freddie Mac.

Fannie Mae will add an appraisal waiver option for mortgages in regions that its Duty to Serve program designates as high-needs rural areas, but only if home inspections are completed instead.

The CEOs of Fannie Mae and Freddie Mac are stepping down because the job they were hired to do — return the GSEs to profitability — is done. But attracting top-flight candidates to lead the mortgage giants into a new phase may not be easy.

Thirty states told the Council of Development Finance Agencies they issued mortgage revenue bonds in 2017 compared to only 18 that issued mortgage credit certificates.

New York City’s home sellers, tired of waiting for buyers, slashed prices on almost 800 listings in a single week this month, the most in at least 12 years.

The federal government has paid out $163.9 million in flood insurance for 1,100 homes in North Carolina with severe repeitive losses, which is almost 60% of their combined total value.

A Jacksonville, Ill., church facing foreclosure has a new lease on life after months of fundraising.

Sales of previously owned homes were unchanged in August, indicating buyers are balking at higher prices and leaving more inventory on the market for the first time in three years, a National Association of Realtors report showed.

Brian Brooks, the mortgage giant's general counsel, is leaving this week to head the legal team at Coinbase.

A former Federal Home Loan bank president argues that the system should limit its exposure to risky nonbanks.

The Bay Area's soaring housing costs are pushing poor people into neighborhoods where poverty and racial segregation are on the rise, a UC Berkeley study found.

AI and blockchain technology are going to change the financial services business. How much? Steve Brown, aka "The Bald Futurist" suspects you're underestimating.

House prices maintained their momentum in August, climbing 6.4% across Northeast Ohio.

The changes mandated by the recent regulatory relief law would narrow the definition of "high-volatility commercial real estate" exposures that get a higher risk weight.

To help close deals, there are steps online lenders can take to establish a quick and personal connection with real estate agents.

More buyers could be in the market for new homes as housing authorizations and maintenance volume increased while remodels fell, according to BuildFax.

At Digital Mortgage 2018, Bill Emerson, the vice chairman of Quicken Loans and its parent company Rock Holdings, outlined a vision of dramatic digital disintermediation.

LoanDepot's CEO Anthony Hsieh delivered a bracing message to mortgage lenders on Monday — strong new competitors are coming into this market, so they need to expand their offerings.

Canada's housing market showed continued signs of stabilizing in August, with sales rising for a fourth straight month and prices easing.

Accessing a mortgage applicants' data from a direct source goes a long ways toward shortening the origination process, according to 96% of mortgage underwriters responding to a recent CoreLogic survey.