Economy

Houston-area home sales bounced back in September after a double-digit decline in storm-battered August, when Hurricane Harvey flooding forced real estate offices to close and open houses to cancel.

The Tennessee bank said it has bought Professional Mortgage in Greenville, S.C., which services about $1.1 billion of commercial mortgage loans for 23 correspondent life company lenders.

A group backed by billionaire industrialists Charles and David Koch unveiled a television and digital campaign that argues "corporate welfare" threatens Republican efforts to dramatically alter the U.S. tax code.

The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.

Over 172,000 homes in Napa and Santa Rosa, Calif., are at some level of risk from wildfires, according to CoreLogic.

For families with household incomes below $50,000, the improving housing market in 2016 meant rising prices, and fewer homes and apartments they can afford to rent or buy, according to a report from HousingWorks RI.

The gap between what consumers think a home is worth and its appraised value narrowed in September because of rising prices due to the continued inventory shortage.

Overall housing confidence rose in September, with renters becoming particularly optimistic, according to Fannie Mae.

Both home sales and prices in North Texas were higher in September than a year ago. But the rate of increase is slowing, which analysts say is good for the market.

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.