Economy

Credit unions favor housing finance reforms that would keep the government-sponsored enterprises or something similar in place, but add an explicit government guarantee to their mortgage-backed securities, according to a recent survey.

House Chief Deputy Whip Patrick McHenry, R-N.C., said House lawmakers are having discussions with the Senate about ways to go further on rolling back Dodd-Frank before the Senate is expected to hold a floor vote.

Home prices achieved a new peak in December while also marking 68 consecutive months in annual home price appreciation, according to Black Knight.

Tony Hicks moved to San Jose in 1981, but he's had enough.

Home prices in Maine jumped by more than 5% in January compared with a year earlier, while the volume of sales was relatively flat.

As a bipartisan regulatory relief bill approaches the finish line in the Senate, the House has mostly stood on the sidelines. But no one expects the lower chamber to just rubber-stamp the deal.

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager. Here’s a look at Calk's career and how he ended up in this spot.

A $2.38 million loan Remax founder and former CEO David Liniger provided to the company's then-chief operating officer, Adam Contos, violated the company's code of ethics because its board of directors was never told about it, the company said as it announced it had completed an internal investigation.

Low home inventory continues to put upward pressure on home prices, but affordability strains may be overstated, according to First American Financial Corp.

Historically low inventory pushed up Rhode Island's median home price by 9% in January, and the diminishing supply is hindering sales, which fell by 9%.

Sales of existing homes in Northwest Indiana grew in January as compared to a year ago, but not by as much as prices.

First-time homebuyers using loans backed by private mortgage insurance soared in the fourth quarter on the growing popularity of Fannie Mae and Freddie Mac's 3% down payment options, according to Genworth.

Private mortgage insurance continued to take market share from the Federal Housing Administration in 2017, with both products outpacing the growth in mortgage debt outstanding.

Nearly 50 years after the federal Fair Housing Act was signed into law, banning racial discrimination in lending, black prospective homebuyers in the St. Louis area continue to be denied conventional mortgage loans at a much higher rate than whites.

Marin County's already inflated housing market climbed even more in 2017, with the median price of all homes at $980,000, an 8.9% jump from the 2016 median of $900,000.

Sales of previously owned homes unexpectedly fell in January to a four-month low, indicating a shortage of available properties is increasingly hindering the real estate industry.

The Supreme Court dealt hedge funds and other big investors a blow Tuesday by refusing to revive core parts of lawsuits that challenged the federal government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac.

Mortgage borrowers 60 days or more late with their payments declined both quarter-to-quarter and year-over-year, as recession-era defaults work their way out of the system.

Still shaken from last fall's wildfires, the Sonoma County, Calif., housing market saw its inventory drop in January to the lowest level for the month in more than a quarter-century.

As the debate over housing reform heats up, policymakers should give careful consideration to a plan that recapitalizes the government-sponsored enterprises.