Economy

Freddie Mac will make automation it has been testing in conjunction with servicing-released cash sales available to the broader market next month.

With better-than-expected performance of the underlying mortgages, Fitch Ratings cut its loss projections for seasoned government-sponsored enterprise credit risk transfer deals.

Fannie Mae and Freddie Mac enjoy considerable advantages because of their lower cost of capital and significant government subsidies. But with some conforming loans, the private market is finding a way to compete.

Real estate sales in the state of Oklahoma are a mixed bag when comparing statistics from to 2018.

Commercial and multifamily mortgage debt outstanding grew $44.3 billion during the first three months of 2018, the largest first-quarter gain since before the Great Recession, according to the Mortgage Bankers Association.

The number of nonbank lenders and servicers that did not comply with the California Residential Mortgage Lending Act Annual Report requirements grew this year, prompting a reprimand and warning of penalties from the commissioner of the state's Department of Business Oversight.

At least 38 projects totaling 3,337 units were proposed statewide in 2017, which is far more than the five projects totaling 391 units proposed in 2010, the basement of the Great Recession.

Lawmakers want the agency to utilize two programs to help families still struggling to recover from the aftermath of Hurricane Maria.

The shareholders of Nationstar Mortgage Holdings and WMIH Corp. each voted to approve a $1.9 billion acquisition plan that will see the parent company of nonbank lender and servicer Mr. Cooper combine with the successor to S&L and subprime mortgage lender Washington Mutual.

The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House.

Commercial real estate is their bread and butter, but many banks are scaling back in this vital loan category. Here’s why.

From lowering expectations about their ideal home to moving faster to close a deal, here's a look at five ways house hunters say they would react to average mortgage rates reaching 5%.

Greg Englesbe resigned as CEO of New Jersey lender E Mortgage Management after a jury awarded $3 million to a woman who accused Englesbe of injuring her when he grabbed and forcibly kissed her at a Philadelphia restaurant.

Dallas has landed on the list of U.S. cities seeing the biggest increase in home purchase contracts this year.

On his 1.5-acre lot near Kincaid Park in Anchorage, Chris Herman wanted to build a detached garage with an apartment on top, as a future home for his aging parents.

The son of a Lake Worth, Fla., man arrested this month in an alleged rent-fraud scam is wanted for acting as an accomplice in the crime, the Palm Beach County Sheriff's Office said.

Fannie Mae and Freddie Mac are making condominium loans eligible for automated appraisal waivers that could reduce mortgage borrowers' fees and shorten closing times for lenders.

The good news for Miami homeowners: If you're thinking of selling your house, you're set to make a nice profit over your purchase price.

The Dallas housing market gets top marks in a new consumer study by JPMorgan Chase.

At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she'd like three apartments — one for herself to live in, and two as investments to rent out.