Economy

Officials at the Department of Housing and Urban Development have started to develop a plan to provide housing to some of Puerto Rico's displaced population.

A flurry of new townhouses and suburban starter homes is helping boost homebuilding in the Twin Cities metro.

Commercial and multifamily originations are projected to surpass the 2007 market peak this year, according to the Mortgage Bankers Association.

Fannie Mae is testing a conforming loan product that makes use of a New Hampshire law that lets manufactured housing in resident-owned communities get treated like units in a co-operative building.

The Canyon 2 wildfire has been contained for more than a week, but aftereffects from the 9,200-acre conflagration still are rippling throughout Orange County, Calif.

A major mortgage insurance company has lowered the threat level for Dallas-Fort Worth's housing market.

Southern California's house hunters must move 23% faster this year to find a residence to buy.

A gauge of contract signings to purchase previously owned homes was unchanged in September at the lowest level since the start of 2016 as Hurricane Irma depressed sales in the Southeast and a limited number of listings restrained activity elsewhere.

A tightening job market and relatively low interest rates along with the inventory shortage means there is a slight probability that home prices will decline in the next two years.

Purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after Hurricanes Harvey and Irma.

Walter Investment Management Corp. was supposed to prosper by snapping up mortgage cast-offs from big banks at fire-sale prices. Instead, Walter is belatedly joining the list of companies burned by the U.S. housing crisis.

Legalizing the recreational use of marijuana has created jobs in Colorado, bringing people into the state and putting stress on its residential purchase and rental markets.

Home sales in greater Hartford rose for the fifth consecutive month, but prices fell the most of any month so far this year on year-over-year basis.

The 63,398 homes sold in the first nine months of this year in Wisconsin set a new record, but low inventory continues to vex buyers.

Continued economic growth, a strong jobs market and higher wages will lead to a 7.3% increase in purchase origination volume next year, according to the Mortgage Bankers Association.

Fannie Mae is staging more pilot projects with lenders and vendors, including one that consolidates submissions of different types of loan data potentially eligible for immediate representation and warranty relief.

Federal Housing Finance Agency Director Mel Watt said the agency is poised to examine alternatives to how a Fannie Mae and Freddie Mac assess creditworthiness of home buyers, including seeking public comment on the issue later this fall.

Cannabis businesses are legal in 29 states, but compliance questions on the federal level are keeping mortgage lenders from making loans to the industry's workers.

Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter.

Fannie Mae is authorizing additional suppliers of reports that can give lenders immediate representation and warranty relief on certain data, diversifying beyond an exclusive partnership with Equifax in one category.