Economy

Commercial real estate finance company Walker & Dunlop has acquired Deerwood Real Estate Capital, a commercial mortgage brokerage and advisory firm.

The Mortgage Bankers Association is trying to jump-start discussions around housing finance reform even as political dysfunction on Capitol Hill is reaching new lows.

Home-buying demand continues to increase even as interest rates rise and the housing inventory shrinks, according to Redfin.

Home-price gains in 20 U.S. cities accelerated for a fourth month in November when compared with a year earlier, according to S&P CoreLogic Case-Shiller data.

Existing home sales remained flat to begin 2017, as challenges crop up for the housing market in the year ahead, online marketplace Ten-X reported.

New Residential Investment Corp. has priced the public offering of more than 49.2 million shares of its stock that it plans to use to pay for its purchase of mortgage servicing rights from CitiMortgage.

Citigroup's decision to exit mortgage servicing by the end of 2018 is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers.

The Mortgage Bankers Association unveiled a new housing finance reform plan on Tuesday designed to kick-start congressional discussions over what to do with Fannie Mae and Freddie Mac.

CIT Group's exit from its commercial air and reverse-mortgage-servicing businesses cost it heavily in the fourth quarter.

An explicit government guarantee of Fannie Mae and Freddie Mac is imperative to reform the secondary market, but needs be carefully circumscribed — covering only the securities and invoked only after multiple, significant layers of private capital have been exhausted.

A federal appeals court ruled Monday that the Treasury Department will have to hand over more documents to investors of Fannie Mae and Freddie Mac related to its profit sweep of the two government-sponsored enterprises.

Citigroup's plans to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to absorb more large deals.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

Home prices increased 5.7% year over year in November, Black Knight Financial Services reported.

Contracts to buy previously owned homes rebounded last month as buyers adjusted to the recent jump in mortgage rates, according to the National Association of Realtors.

New Residential Investment Corp. is planning a public offering of more than 49.2 million shares of its stock to pay for its purchase of mortgage servicing rights from CitiMortgage.

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

Seattle-based online real estate brokerage Redfin is creating a mortgage bank subsidiary in a bid to offer end-to-end real estate services.

A shortage of appraisers, combined with soaring demand for housing, is causing lengthy delays in Seattle and surrounding markets.

Jefferies Group has added a third lender to its latest securitization of a mortgage warehouse facility.