Economy

The Senate Banking Committee's passage of a regulatory relief bill is fueling optimism about its advancement, but it still must clear a series of legislative hurdles before becoming law.

After over five years of steadily rising home prices, Southern California's housing market is "overvalued," real estate data firm CoreLogic reported.

On the cusp of a new year — and winter — Twin Cities housing construction posted stellar late-season gains.

The Tennessee company also set high expectations for revenue opportunities while projecting it will deliver a 15% return on equity in 2019.

Canada's largest housing market continues to see prices fall amid a widening pool of homes for sale, though there are signs the correction is beginning to lure in some new buyers.

A bipartisan Senate alliance working on a bank regulatory relief bill appeared even stronger Tuesday as it worked to minimize changes in the interest of moving the legislative package to the Senate floor.

Cutting payments helps stave off default, but principal reduction on underwater loans and lower consumer debt levels are less effective, according to JPMorgan Chase Institute's new study of post-crisis modifications.

The housing supply shortage will continue into 2018 driving home prices higher next year than some market observers previously predicted.

Home prices in October increased by 7% year-over-year for the second consecutive month, according to CoreLogic.

Colorado's red-hot population growth rate is cooling, and while current residents may celebrate, those who are leaving in increasing numbers say they were driven away by rising housing prices, jobs that don't pay enough and traffic jams.

Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank.

Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won't delay the 2019 launch of Fannie Mae and Freddie Mac's new single "uniform mortgage-backed security."

Newfi Lending is now approved by Fannie Mae as a seller/subservicer and by the Federal Housing Administration as a "Full Eagle" Mortgagee.

Private mortgage insurers are better positioned to weather a flatter or even inverted yield curve than other financials from an investment perspective, a report from FBR Capital Markets said.

The homeless Navigation Center that Aaron Peskin proposed for a North Beach parking lot has led to a power struggle between the supervisor and his longtime political foe, Mayor Ed Lee, who wants to use the site for affordable housing.

Buffalo's housing market is rebounding, but the recovery so far is largely confined to a handful of neighborhoods in a slice of the city, according to a consultant hired by the Brown administration.

A provision in the original Senate tax reform bill would have required companies acquiring mortgage servicing rights to pay taxes upfront for their anticipated servicing income.

While the nationwide run-up in mortgage loan application defects appears to have slowed, instances of fraud remain on the rise in Texas and Florida.

Higher costs dampened mortgage lenders' profitability, outweighing near-term gains in origination volume and per-loan revenue during the third quarter, according to the Mortgage Bankers Association's quarterly.

Here's a look at the 10 cities where strong employment and for-sale inventory are expected to keep housing markets bustling with activity during the normally slow year-end months.