Economy

An economic revival in Canada's second-biggest city is fueling a real estate renaissance, speeding up sales, shrinking inventories and luring foreign buyers.

Employment among nonbank mortgage lenders and brokers fell in March, erasing the unexpected gains in the previous month.

The same story is playing out, over and over: People are flocking to the Bay Area for high-skilled, highly paid jobs, while cashiers and teachers are, increasingly, saying goodbye to a place they no longer can afford.

Leader Bank says it can land property managers as commercial clients by helping them handle tenant deposits — and possibly create opportunities to boost CRE lending.

Fannie Mae's first-quarter profits were enough for it to rebuild its minimum capital buffer and pay the Treasury Department dividend after being forced to take a draw during the previous fiscal period.

Los Angeles County and Inland Empire home prices grew at the fastest pace in three years in March, yet another sign that the local housing market is maintaining its punch for a seventh consecutive year.

The next Baltimore County executive will be responsible for fulfilling a promise made by the current one: Enticing developers to build 1,000 homes for low-income families.

In its latest effort to reach first time home buyers, Freddie Mac is launching a new 3% down payment program that casts aside a number of restrictions in its existing low down payment offerings.

The median sale prices for single-family homes and condominiums in Connecticut rose significantly in March, even as the number of sales in both categories decreased.

Canada's big banks don't seem keen to follow Toronto-Dominion Bank's lead on mortgage hikes – at least not all the way.

If Freddie Mac's credit-risk transfer activities continue to grow, mortgage lenders could eventually see a reduction in the guarantee fees they pay to the government-sponsored enterprise, according to CEO Donald Layton.

Canada's mortgage growth has fallen to the lowest in nearly two decades as interest rates rise and after new mortgage rules took effect at the start of the year.

March's residential construction spending declined by 3.5% on a seasonally adjusted basis from February, but was virtually flat for new single-family properties, according to the U.S. Census Bureau.

Tight housing inventory continues to be an enemy to homebuyers as supply constraints keep putting upward pressure on home prices, which are now above where they were 12 years ago.

When it comes to purchasing a home, buyers have to put a lot of research and thought into any decision they make. From finding the best fit with a real estate agent, to how much work they are willing to do on move-in day, setting a budget and of course, picking the house itself.

Here's a look at 12 cities where median home prices are under $200,000 and the combination of local wages and interest rates offer buyers the most purchasing power.

From tech that ensures foreclosures are processed correctly to implementing robotic process automation, here's a look at seven strategies that servicers can use to stay compliant and on budget.

There is a minimal risk of another housing bubble developing in Southern California, even as there is just a slim chance area home prices will fall in the next two years.

A gauge of signed contracts to purchase previously-owned homes rose less than forecast in March while the prior month's reading was revised down, indicating a lack of inventory is restraining the market

The Boston bank said Monday it received a "satisfactory" Community Reinvestment Act rating after being downgraded on its last exam.