Economy

New-home groundbreaking and permits fell in June to the slowest pace in nine months, as higher mortgage rates and elevated costs for labor and materials pinch the housing market.

June home sales couldn't keep pace with last year's levels.

Fewer sales of existing homes and uncertainty around future fiscal policies will result in fewer mortgage originations than previously expected, according to Fannie Mae.

A federal appeals court in Texas agreed with Fannie Mae and Freddie Mac shareholders that the FHFA, led by a single director, violates the separation of powers.

A 6.8% increase year-over-year pushed the midpoint sale price of a home in Central Florida to $239,180 in June, the 84th straight month of increases.

Dallas-Fort Worth has had some of the biggest home price increases in the country since the Great Recession.

Unusually for a debut transaction, the $329.7 million M360 2018-CRE1 will be actively managed: For the first 12 months after the closing date, funds from repaid principal can be used to purchase new loans, subject to eligibility criteria.

Canadian home sales rose in June at the fastest pace this year, led by a 17% surge in Toronto, a sign the market may be regaining strength.

The median price of a Lehigh Valley, Pa., home hit a record-high $225,000, surpassing the last peak in home prices when the housing bubble burst in 2007

United Wholesale Mortgage has set out to be an ally to mortgage brokers in unprecedented ways as CEO Mat Ishbia works to evolve the channel's transactional nature into a more relationship-driven dynamic.

When big banks bailed on brokers during the housing crisis, United Wholesale Mortgage doubled down. As third-party originations now make a comeback, the family-owned company is determined to chip away at retail lenders' dominance.

Houston's real estate market had a banner June as buyers closed on more homes than any other month in history and at sales prices never before reached.

It's no secret the San Francisco Bay Area can be a tough place to raise kids, and now a new report sheds light on those families sticking out.

The collateral includes both QM and non-QM loans; however, certain loans are designated as QM even though the borrower’s DTI may be above 43%, due to a temporary exemption for GSE-eligible loans.

Fannie Mae and Freddie Mac may need to tap into U.S. Treasury funds when they adopt CECL, a new accounting rule that makes companies set aside money upfront for expected loan losses.

Oahu's housing market in June had a hard time standing up to a year-old record, and thus recorded its first median price decrease in more than 12 months.

Charlotte's red-hot real estate market is squeezing potential homebuyers out and driving down sales, a consequence of fast-rising home prices.

Greater consumer access to credit could help mortgage bankers replenish originations eroded by higher rates, but they are reluctant to depart from the status quo to provide it.

Two pieces of Maui's housing market moved in opposite directions in June, with declines for single-family houses and gains for condominiums.

The $109.3 million CLEAN 2018-1 is also the first deal to be marketed as a Rule 144A transaction under securities regulation making it available to wide base of institutional investors.