Economy

Homebuyers went on a shopping spree in Miami-Dade in May — and snapped up enough houses to set a new record.

From vendor choice to valuations, here's a look at the key differences between Fannie and Freddie's upfront rep and warrant relief strategies.

The purchase mortgage share increased 15 percentage points in the first five months of 2017 to 68% of all closed loans in May, according to Ellie Mae.

Apartments in Albuquerque are in high demand as occupancy rates remain strong and rent continues to climb.

A pickup in sales of previously owned homes signals the housing market is making progress despite inventory constraints that are sending prices to all-time highs.

Traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.

The market for existing-home sales underperformed its potential by 3.8% because of the inventory shortage, according to First American Financial Corp.

The young adult homeownership rate should increase by 1.5 percentage points over the next two decades as education attainment among racial and ethnic minorities continues to rise.

More homes went on the market last month than in any since 2008, a sign that the logjam that's characterized the Portland-area market in recent years could be breaking.

Metro Atlanta housing got a healthy dose of same-old, same-old in two new reports.

Managing portfolios for an influx of servicing rights investors helps mortgage companies augment revenue and keep rising costs and compliance risks in check.

With refinancing coming in a little stronger than expected and underwriting loosening, Fannie Mae has slightly increased its forecast for total volume in 2017.

While home prices have increased sharply in expensive coastal cities, plenty of urban centers are lagging behind.

Comerica Bank will invest up to $5 million in Detroit Home Mortgage, which provides second mortgages to buyers so they can get past the city's appraisal gap problem.

From the Trump administration's initial efforts at reg relief and GSE reform to dramatic shifts in the servicing landscape, here's a look back at the top stories shaping the mortgage industry during the first half of 2017.

Louisiana landlords with rental houses walloped by 2005's Hurricanes Katrina and Rita were eventually promised state help to rebuild: If they could get loans to rehab their properties, the state government would later reimburse them.

Odd though it may seem, Los Angeles is too lucky for its own good.

The homeownership rate has been falling for over a decade, but there are now signs that the decline is decelerating and could end soon, according to researchers at Harvard University.

Three straight months of declines in new-home construction show homebuilding may weigh on second-quarter growth.

Granite Point Mortgage Trust is selling 10 million shares of common stock in an initial public offering to be priced between $20 and $21 per share.