Economy

The government-sponsored enterprises transferred $5.5 billion of credit risk on $174 billion of mortgages in their portfolios during the first quarter.

JPMorgan Chase’s home lending unit is trying to position itself as the solution for millennials who increasingly want to buy their first homes despite rising prices and other affordability hurdles.

He is, by Wall Street standards, a small-time banker. But in 2014, with Donald Trump eyeing a run at the White House, Stephen Calk stepped into the big-money world of New York real estate — and a network of Trump associates.

In many corners of Southern California, home prices have hit record highs. And they keep going up.

The housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast.

The story of the Central Indiana housing market has remained remarkably consistent for several months: There are too few houses for sale and prices keep going up, up, up.

Sales of existing homes grew less than 1% in June in Wisconsin and the United States, held back by a short supply of houses for sale.

Steady price gains in 20 U.S. cities in May indicate that a tight supply of properties paired with increased demand is boosting home values.

The momentum Chicago-area housing sales had earlier this year has faded.

While Freddie Mac is moving cautiously into buying manufactured housing loans not secured by land, Fannie Mae is moving more aggressively. Industry representatives are divided on which approach is superior.

Rather than working with large-scale investors, Freddie Mac said it will focus on assisting community organizations and local institutions to fund single-family properties for renters with special needs.

Strong housing demand continued to outpace supply in June, in large part because millennial buyers are on the rise, according to First American Financial Corp.

Mayor Byron W. Brown is overhauling the board that oversees Buffalo's public housing for 10,000 residents, an initial step toward tackling ongoing problems at the agency.

A slowdown in sales of previously owned homes shows how lean inventories are keeping prices elevated and limiting purchasing options.

Foreign buyers continue to find California residential real estate very attractive, but it looks like the growth of international deals in the state trails a national upswing.

The national median home value was above $200,000 in June, breaking a barrier that was not reached during the housing boom.

For the seventh year in a row, property taxes will rise again in Los Angeles County, thanks to a brisk real estate market and construction boom.

Houston area home values continued their upward track, while rental rates dropped in June, a new report showed.

Increased dealings in direct consumer lending and guaranteed student loans offset a decline in mortgage-related income. A lower loan-loss provision also helped the bottom line.

The Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions.