Economy

In a moment of rare unity, the Independent Community Bankers of America and National Association of Federally-Insured Credit Unions sent a joint letter to FHFA arguing to stop the GSEs' profit sweep.

Called Structured Agency Credit Risk Securitized Participation Interests, the new securities are backed by mortgage loans, and are not general obligations of the government-sponsored enterprise.

A larger-than-forecast decline in new-home construction reflected the weakest pace of building in the South since October 2015, showing the fallout from Hurricanes Harvey and Irma.

Soot and ash are still settling over the Sonoma County, Calif., housing market, but real estate brokers and lenders contend the fiery destruction of a few thousand properties here will make it harder for both buyers and renters to find new homes.

A shortage of entry-level houses is putting a chill on the housing market in the Twin Cities.

Many of the prime jumbo loans backing the transaction, JP Morgan 2017-4, were contributed by originators with limited history in that product, according to DBRS.

From debating the future compliance landscape to developing a digital mortgage strategy, here's a preview of the top issues, ideas and themes on tap when the industry convenes in Denver for the Mortgage Bankers Association's Annual Convention & Expo.

Government-sponsored enterprises Fannie Mae and Freddie Mac's guarantee fee pricing last year kept the playing field fairly level for different-sized lenders.

A six-lane highway lined with strip malls cuts through a patchwork of tamed lawns and suburban houses in Delran, N.J., where population has sprouted rapidly in recent decades.

Maui condominium sales and prices surged in September as home buyers pursued more affordable housing options.

A rebound in homebuilders' confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data from the National Association of Home Builders/Wells Fargo.

Rising home prices, wages that haven't kept pace with those increases and high levels of student debt are forcing first-time home buyers on Long Island, N.Y., to find creative ways to afford the biggest purchase of their lives.

Hurricanes Harvey and Irma affected new-home sales in Texas and Florida, resulting in a 7.5% year-over-year decline in mortgage applications to purchase these properties in September.

With issuance of marketplace securitizations now exploding — rising 300% cumulatively in the past two years — the idea of online lending as a niche is quickly deteriorating.

California faces a different set of housing challenges from other U.S. areas that are reeling from recent natural disasters.

While the DFW home market is still good or even great compared to a lot of places around the nation, things have definitely cooled a bit from the last few years.

For buyers now house hunting in metro Toledo, Ohio, a word to the wise: Think very carefully about the offer you submit to a seller.

It's a renter's market in New York, and after a year of being bombarded with landlord offers of gift cards and free months, apartment seekers are getting bored with all the perks.

Fannie Mae is putting more than $2 billion in reperforming loans up for bid and also marketing a smaller package of more than $1 billion in nonperforming loans.

Hundreds of federally subsidized housing residents in Pittsburgh's East End are being forced from their homes because of squalid conditions.