Economy

The New York company may struggle with profitability as it decides whether to find a new buyer.

Vacation homes in New York's Hamptons lost their allure for buyers in the fourth quarter as concerns about the U.S. presidential election and its aftermath curtailed interest in discretionary purchases.

Invitation Homes, the real estate investment trust controlled by private equity firm the Blackstone Group, has found a new source of financing for its portfolio of single-family rental homes: Fannie Mae.

Mortgage interest rates increased for the first time in 2017, ending a run of three weeks where they were down, according to Freddie Mac.

Purchases of new homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers.

Profits at Astoria Financial in Lake Success, N.Y., fell along with net interest income in the fourth quarter.

Umpqua Holdings in Portland, Ore., reported an increase in profits, as a spike in fees compensated for lower interest income.

The Federal Housing Finance Agency is seeking a significant amount of information from lenders that specialize in making chattel loans to manufactured homebuyers due to a lack of reliable data on the market.

The phrase "it is what it is" came up several times as CEO Joseph Ficalora addressed analysts' questions about nixing plans to buy Astoria and the challenges of getting another deal done.

Despite claims that digitizing the mortgage process will require less human capital, consumer desires for people on the other end of the phone or computer will keep mortgage loan officers in demand for the foreseeable future.

A tactic that helped define the height of homebuying madness in the U.S. in the years before the market collapsed is rearing its head again.

BankUnited said that its fourth-quarter earnings increased 12% from the same period in 2015, to $63.3 million, as strong gains in interest income more than offset rising expenses and a sharply lower gain on sales of loans.

BOK Financial was victimized by the effect of rising interest rates in the fourth-quarter profit, as losses on the company's hedge positions resulted in a profit decline.

A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market.

Increases in commercial real estate, C&I and municipal and state loans boosted fourth-quarter profit at the $13 billion-asset Trustmark.

The company wants a big deal to help push it over $50 billion of assets, at which point it will be considered systematically important.

Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company.

A bond-market startup is a step closer to reviving crisis-era derivatives that let investors bet on U.S. homeowner defaults.

The Mortgage Industry Standards Maintenance Organization has extended the comment period on its proposed standard regarding the maintenance and sharing of commercial and multifamily rent-roll information.

Appraisal management companies must self-regulate their prices unless they want the government to do it for them.