Economy

Where do millennials go when they want the advantages of a big-city economy, job market and lifestyle but they can't afford the higher cost-of-living? Some are choosing Owensboro, Ky.

Slightly looser underwriting outside the government sector is primarily responsible for the latest increase in credit availability.

A Hazleton, Pa., real estate agent who admitted bilking home buyers out of hundreds of thousands of dollars through bogus property sales was sentenced to serve more than four years in federal prison.

As a year of record-breaking home-price increases continues across the Seattle area, millennials and other first-time buyers are coming to grips with the reality that they simply can't save up quickly enough to match the rise in home costs.

Lenders could be responsible for water quality issues affecting borrowers and properties if the Federal Housing Administration follows through with its response to an inspector general's report.

Nondepository mortgage bankers and brokers increased their headcounts in August, but hurricane recovery efforts and other macro factors may stymie additional growth.

Here's a look at 12 cities where the median home sales price is below $215,000, but the combination of housing costs, local wages and other market forces is making home purchasing power disappear in these once-cheapest places to live.

Home affordability improved in most markets in the third quarter compared to the previous, but was still worse off from a year ago, according to Attom Data Solutions.

Home sales in Santa Fe, N.M., are on track for a breakthrough, trending toward only the third double-digit sales increase since 2001.

While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.

In the San Fernando Valley, outside Los Angeles, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail shops and a concert venue.

Incenter Mortgage Advisors is brokering on behalf of an unnamed mortgage banker an almost $10 billion mortgage servicing rights package that includes $870 million in loans with hurricane exposure.

Building off the success of policy changes in 2016, there are now even more ways for mortgage lenders to help student loan borrowers become homeowners.

Toronto housing prices fell for a fourth month in September as sales remained sluggish, particularly in the detached-home segment that has borne the brunt of the correction in Canada's biggest city.

Baltimore homeowners who sold their property last year didn't get much of a return on their investment — just $5,000 more than they paid, according to a new report from Zillow.

Title insurance underwriter FNF Group broadened its offerings to real estate brokers through the purchase of a majority interest in SkySlope, which operates a digital real estate transaction management platform.

Fannie Mae and Freddie Mac's regulator may have a travel kerfuffle of his own.

Home prices increased strongly both year-over-year and month-over-month in August, and are expected to continue rising.

Home sales in greater Hartford perked up in August, but prices paid dipped the most for any month so far this year, a new report shows, as potential buyers remained cautious about making purchases.

Alarmed by a steadily worsening housing crisis, San Jose’s mayor has proposed construction of 25,000 residential units over the next five years in the Bay Area’s largest city.