Economy

Economic growth expectations remain the same despite the rate hike the Federal Reserve is expected to announce, Fannie Mae said Wednesday.

Fannie Mae has begun accepting bids on its second sale of reperforming loans.

Fannie Mae has chosen the winners of its latest nonperforming loan sales, which included 9,400 loans with $1.68 billion in unpaid principal balance.

Goldman Sachs is selling $1.02 billion of bonds refinancing the Blackstone Group's acquisition of the Willis Tower, formerly known as the Sears Tower.

Continuing a strong start to 2017, February mortgage applications for new home purchases grew 2.2% from a year ago.

New-home construction in Metro Orlando spiked 25% from a year earlier with the biggest boost in The Villages and communities near theme parks.

Home sales and prices in the San Antonio area continued to rise in February, but not at the quick pace that's marked the industry over the past year.

Although the Charlotte region's inventory of homes remains tight, February sales rose slightly over the same time last year as more sellers gained the confidence to put their properties on the market.

Hawaii tourism had another record year of arrivals in 2016, but statewide sales of homes typically bought by visitors barely budged.

Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall.

Nondepository mortgage companies cut 1,500 full-time employees from their payrolls in January, ending 10 consecutive months of job growth.

Two Memphis agencies heavily reliant on Department of Housing and Urban Development funding could face deep, far-reaching cuts if the Trump administration slices $6 billion from HUD's budget.

North Texas home sales were 5% higher in February, with the most houses sold ever in the second month of any year.

Freddie Mac is preparing a transaction that transfers credit risk on $640 million of super-conforming residential mortgages.

More consumers are looking to buy a home than ever before. And while new home sales are indeed picking up — data from the U.S. Census Bureau showed January's new home sales rate was 5.6% higher than a year earlier — new home construction still remains well below its pre-recession peak.

The median sales price for a single-family house on Oahu climbed in February to the second-highest level ever at $755,000.

The Houston-area housing market saw gains for the fifth consecutive month in February as buyers closed on 4,933 single-family homes.

Lenders started and completed more foreclosures in Worcester County, Mass., during January than they did at the same time last year.

Connecticut home sales in January were the highest in a decade for that month, but prices slipped compared with a year ago.

Most real estate closings are routine for Tom Hundman, a managing attorney with the Frontier Title Co. of Bloomington, Ill., so when something doesn't appear right, he knows to check into it.