Economy

Homeowners continue to view their property value higher than appraisers do, while homeowners in areas experiencing rapid growth may be more likely to underestimate their home's worth.

People 55 and older own 53% of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900.

The 1999 Avenue of the Stars tower in the Century City submarket is part of a second Goldman Sachs CMBS transaction, and is the largest loan in the new 2017-GS7 portfolio.

Low-down-payment purchases are on the rise, but not necessarily with the same pre-crisis practices and risk factors.

PHH Corp. will pay the Justice Department $75 million to settle a False Claims Act investigation of its underwriting practices on government-insured mortgages and loans sold to Fannie Mae and Freddie Mac.

For the first time ever, the median King County, Wash., home price has grown more than $100,000 in just a year, a new grim milestone for buyers already dealing with the hottest housing market in the country.

The mortgage finance giants Fannie Mae and Freddie Mac could need nearly $100 billion in bailout money in the event of a new economic crisis, according to stress test results released Monday by their regulator.

The year opened with hopes that regulatory and enforcement pressures would abate for the mortgage industry. The reality has turned out quite differently.

From funding sources to home prices, here's a look at five questions lenders must ask themselves before they can safely originate 1% down mortgages.

Credit risk transfers have emerged as more than just a method for mitigating taxpayer exposure. They could be a key component of comprehensive housing finance reform.

Closed for nearly 30 years, the massive Michigan Central Station in Detroit is widely known for its ornate architecture and haunting emptiness and decay, but so far has missed out on the surge in redevelopment happening in the city.

The percentage of people who said July was a bad time to buy a home increased to a survey high because of rising prices, according to Fannie Mae.

In June 2007, the Orange County, Calif., median home selling price hit $645,000 — a high point near the end of that era's crazy, risky lending and home buying insanity. In less than two years, a violent downturn slashed the typical local home's value almost in half.

The nonbank mortgage sector had its largest one-month employment gain in a year, as independent mortgage bankers and brokers enjoyed stronger-than-expected originations during the second quarter.

Old pastures, tired citrus groves and vacant land are quickly transforming into metro Orlando neighborhoods, with about 4,000 new houses underway during the most recent quarter, a new study shows.

Home sales in Connecticut got a bit of a pop in June, rising to their highest level for the month since 2006 and prices inched up modestly.

With fewer CMBS deals coming to market — partly as a result of risk-retention rules — an independent finance company like Ladder Capital can’t always wait to piggyback on Wall Street’s transactions.

The government-sponsored enterprise is still looking for the right balance between offering a product that's attractive to investors and a cost-effective way to reduce risk.

Home prices in Canada’s largest city posted their biggest monthly drop in at least 17 years in July and sales plunged as government efforts to cool the market and the near-collapse of a mortgage lender made buyers leery.

After launching construction lending support via Encompass in February, Ellie Mae sees shrinking construction loan closing times and increased volume.