Economy

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.

CMG Financial is trying out a platform that gives borrowers the ability to raise funds for down payments in conjunction with Fannie Mae loans.

After the FSOC voted to rescind its systemic designation for AIG, it's unclear whether the interagency council will continue to appeal a court ruling overturning MetLife's SIFI designation.

Competition in other areas of consumer lending has driven both VantageScore and FICO to build credit scoring models that are more accurate and more consumer-friendly. Permitting that competition in the mortgage market can increase certainty for lenders and transparency for investors.

The majority of borrowers impacted by Hurricane Harvey have a significant amount of equity, while many in Hurricane Irma disaster areas have limited or negative equity, according to Black Knight Financial Services.

The tight rental market in Santa Fe, N.M., has always been an issue with those looking to work in the city or relocate here.

The Federal Housing Finance Agency's Duty to Serve program must increase manufactured housing lending in rural communities.

Seattle has been leading the country in home price increases for a while. Now, no other region is even close.

The share of purchase and refinance loans originated by nonbanks are at their highest point since at least 1995, according to an analysis of new Home Mortgage Disclosure Act data.

Ginnie Mae will more closely examine liquidity at all issuers in response to complaints by the HUD inspector general that it would be vulnerable to defaults at nonbanks it does business with.

Consumer views on the economy and finances are not to blame for the retreat in existing-home sales in four of the past five months, according to the National Association of Realtors.

California appears unlikely to be able to build enough homes in the coming years to put a meaningful dent in skyrocketing housing prices triggered by a shortage of affordable dwellings.

Sen. Bob Corker has been a key voice in the housing finance reform debate. His departure at the end of next year puts a deadline of sorts on his efforts to unwind and replace Fannie Mae and Freddie Mac.

The Rockford housing market continues to outpace the rest of Illinois in sales gains and year-over-year price increases, the Rockford Area Realtors said.

Home prices in 20 U.S. cities climbed more than forecast in July, reflecting solid demand against a backdrop of modest listings of properties, figures from S&P CoreLogic Case-Shiller showed.

A second straight decline in purchases of new homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma.

The rate of growth in year-over-year home price appreciation stabilized in July, after accelerating throughout every month this year, according to Black Knight Financial Services.

Here's a look at the 12 cities where homeowners who bought low during the housing crisis profited the most when they sold in 2016.

The Trump administration has implemented an apparent role reversal for the Financial Stability Oversight Council, leaving the true intended role of the post-crisis systemic risk body unclear.

The share of lenders easing credit for government-sponsored enterprise-eligible loans is at a high not seen since Fannie Mae started a survey to track it.