Economy

House sales posted big gains in New Mexico from May 2017 to May 2018, showing a 28% increase.

Savannah, Ga., area homes sales continue to heat up moving into the summer month's breaking records in both April and May.

Incenter Mortgage Advisors is facilitating the sale of more than $10 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans originated by mortgage brokers.

Walker & Dunlop has been approved as a seller and servicer under Freddie Mac's Affordable Single-Family Rental pilot program, allowing the company to focus on middle markets.

Ginnie Mae is looking to start a pilot program to securitize digital mortgages as early as 2019, but issuers would not be able to commingle loans using traditional paper files in those deals.

The groups applauded a proposal to establish minimum GSE capital requirements, but called for more immediate steps to release the companies from conservatorship.

Despite the long, stratospheric rise of home prices in the U.S., the inflation-adjusted monthly payment on the median single-family home in 2017 was less than in 1987, when home prices were lower but interest rates were higher.

New-home construction rose more than projected in May to the fastest pace in more than a decade while permits cooled for a second month, indicating mixed progress in the supply-constrained housing market.

The New Orleans housing market is strengthening, with home prices climbing in most neighborhoods and the number of vacant or blighted properties shrinking, according to a new analysis.

Risk management and technology systems at the Federal Housing Administration lag decades behind Fannie Mae and Freddie Mac and desperately need to be revamped, according to a top official at HUD.

The bill aimed at helping struggling homeowners also requires documentation of servicer behavior and FHFA evaluation of the services provided to borrowers.

The cost of buying a home in Massachusetts is on the rise.

A declining share of cash home sales will drive purchase home originations higher than previously expected through 2019, according to Fannie Mae.

Canada's home sales were little changed in May, suggesting the residential real estate market is stabilizing after seeing large declines earlier this year.

The House Financial Services Committee approved a bill that would roll back the requirements of the TILA-RESPA integrated disclosures rule for charities like Habitat for Humanity and instead allow them to use the old good faith estimate and HUD-1 mortgage forms.

Atlanta was recently ranked among the top metros in the United States to buy rather than rent. But how much do you need to be earning to afford a home in town?

Maintenance and renovations aren't keeping up with the nation's aging housing stock, creating an influx of obsolete properties that's adding further strain to an already tight inventory of homes for sale.

The high number of home sales both above and below the list price in May, combined with rising mortgage rates and prices, was a sign buyers are near affordability limits, Redfin said.

Sales of nonperforming loans by Fannie Mae and Freddie Mac slowed during the past year as the number of delinquent loans on their books continued to drop.

Houston's luxury home sales remain sluggish even as oil prices are rebounding from the downturn, a new housing report shows.