Economy

The USDA recently announced its rural housing program, which has been around for decades, would increase the amount buyers can borrow, a sign of rising housing costs across the nation.

After a strong sales bump in June, the Sonoma County, Calif., housing market declined in July to the slowest pace of sales in seven years.

The number of U.S. properties that were equity rich in the second quarter grew by 1.6 million properties from a year ago.

The Home Affordable Refinance Program will now expire on Dec. 31, 2018, the FHFA said.

Walter Investment Management Corp. is in danger of having its stock delisted from the New York Stock Exchange as its average market capitalization remains below required minimums.

Affordability issues along with a lack of knowledge about home buying are holding millennials back from pursuing homeownership, according to a survey from loanDepot.

Canada’s benchmark home price fell by the most in nearly a decade last month as Toronto led a fourth straight decline in sales.

Western Bancorp, a wholesale mortgage originator, was acquired by Eli Global, a privately held investment company. Terms of the deal were not disclosed.

Maui's housing market in July had fewer sales but at higher prices, according to the Realtors Association of Maui.

Housing starts faltered in July on an abrupt slowdown in apartment construction and a modest decline in single-family homebuilding that shows the industry will do little to spur the economy.

Duke, currently vice chairman, was rumored to be a likely contender for the chairman spot last week.

Sentiment among American homebuilders unexpectedly increased to a three-month high as builders saw greater prospects for industry demand despite elevated material costs and shortages of labor and lots.

Home prices and sales in the core Orlando market were down in July from the month before during what is usually the peak summer buying season.

Housing affordability dipped as rising home prices offset a quarter-point drop in mortgage interest rates.

Normally among the hottest times of the year to buy or sell a house, July came up tepid in metropolitan Milwaukee.

Home prices rose to all-time high levels in each of the last two months in the Buffalo Niagara, N.Y., region.

Zillow Group and the Consumer Financial Protection Bureau will attempt to negotiate a settlement to resolve an investigation into whether its co-marketing advertising for real estate and mortgage companies violates the Real Estate Settlement Procedures Act.

Lenders say they are eager to reduce their exposure to CRE, but an examination of recent deals shows just how hard that can be.

Newly constructed home purchase mortgage applications were down by 12% compared with June, but the data indicates housing starts won't drop as much as expected.

Critics of recent False Claims Act enforcement argue the Justice Department is too heavy-handed toward lenders and servicers. But in an industry reputed for shoddy processes during the crisis, perhaps stringent oversight is warranted.