Economy

Metro Denver experienced a nearly 25% surge in the number of homes and condos available for sale in May versus April, according to a monthly update from the Denver Metro Association of Realtors.

Since its inception, the qualified mortgage rule has been synonymous with loans purchased by Fannie Mae and Freddie Mac or guaranteed by government agencies. But a broader QM definition could change that by creating more competitive private-label options.

Angel Oak Commercial Lending has acquired a controlling interest in lender Cherrywood Mortgage in order to strengthen its focus on small-balance commercial lending.

Despite the Bay Area's natural beauty and booming job market, nearly half of its residents now want to get out, citing a creeping disillusionment with the high cost of housing.

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

Anticipated changes to the qualified mortgage rule will give lenders more options and force them to rethink their views on risk.

Home prices rose again in April for most of the Sacramento region's neighborhoods.

MountainView is brokering a $3.6 billion nonrecourse package of Fannie Mae mortgage servicing rights with a high refinance loan concentration.

The heart of the nation's tech sector, the astronomically expensive Santa Clara County, Calif., leads the state in residents looking to move out of town, a new report found.

Commercial mortgage bonds are getting stuffed with the lowest-quality loans since the financial crisis by one measure, according to Moody's Investors Service.

Seasonal hiring gave employment among nonbank mortgage lenders and brokers a boost in April and partially reversed an earlier decline despite growing signs of consolidation in the industry.

The federal government has opened a criminal investigation into whether traders manipulated prices in the $550 billion market for corporate bonds issued by Fannie Mae and Freddie Mac, according to people familiar with the matter.

Once again there were too many buyers and too few available homes in Tampa Bay and a few other parts of Florida in April.

Gov. John Bel Edwards vetoed legislation that would have asserted state authority over local zoning efforts aimed at creating affordable housing in gentrifying neighborhoods.

Remax Holdings is focused on "what it does best" with its Motto Mortgage business and in facing off against Zillow's new home buying and selling initiative, a company executive said.

Citizens Bank's $511 million acquisition of Franklin American Mortgage will beef up the bank's servicing portfolio and diversify its origination business at a time when higher interest rates have put a damper on refinance volume.

There are almost 7 million coastal homes facing more than $1.6 trillion in potential storm-surge reconstruction expenses this year, representing a 6.6% cost increase from last year's hurricane season.

Contract signings to purchase previously owned U.S. homes unexpectedly declined in April, underscoring the housing market's challenge centered around a persistent inventory shortage.

Single-family home rentals are especially important for families who can't squeeze into a one-bedroom apartment but don't have the money to buy a house.

The Rhode Island regional agreed to buy Franklin American Mortgage. With the acquisition it would have one of the nation's 15 largest bank-owned mortgage platforms.