Economy

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.

Brian Montgomery is examining why the reverse mortgage program has suffered big losses, but he said he opposes any changes that could make it harder for the elderly to stay in their homes.

Optimal Blue is expanding its reach in the secondary mortgage market by acquiring Resitrader, a whole-loan trading marketplace that has integrations with Fannie Mae and Freddie Mac.

Access to mortgage credit inched up in June, as competition for jumbo loans resulted in looser underwriting, but government lending standards got more restrictive, the Mortgage Bankers Association said.

Hanging over the Sonoma County, Calif., housing market is the damage done by the most destructive wildfires in state history. The fires of October claimed 24 lives and burned nearly 5,300 homes in the county.

A Fannie Mae test to handle the private mortgage insurance process for lenders may raise concerns that it's going outside the scope of its secondary market mission. But the effort reflects its mandate to explore new credit-risk transfer alternatives, a company executive said.

Slight declines in consumer expectations for more favorable future job security, income and interest rates knocked Fannie Mae's Home Purchase Sentiment back down from a record high in June.

The small decrease in Hawaii island single-family home sales was influenced by a major decline in the Puna district where homes in four subdivisions have been destroyed by lava since May.

Home prices dropped from May to June in King County, Wash., for the first time since the recession, as competition among buyers weakened and the number of homes for sale surged.

With the supply of housing down and more jobs available in cities, millennials have flocked to urban neighborhoods at a comparable rate to the suburbs for the first time in decades.

Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents.