Economy

Foreclosure filings dropped to the lowest level reported since December 2005, signaling the end of the country's foreclosure crisis, according to Attom Data Solutions.

Mortgage rates and Treasury yields moved higher this week in anticipation of the Federal Open Markets Committee raising short-term interest rates in December.

NeighborWorks reported Wednesday that 56% of survey respondents said that rents are too high where they live for them to be able to save enough to buy a home.

Fannie Mae said that it will sell 7,300 loans with a total of $1.39 billion in unpaid principal balance.

United Guaranty Corp. has initiated a disaster policy after Hurricane Matthew tore across the Southeast this past week.

The number of completed foreclosures nationwide in August dropped 42% from a year earlier, according to CoreLogic.

It's tougher out there for New York's commercial real estate developers seeking cash for their latest projects.

The single-director structure of the Consumer Financial Protection Bureau represents an unconstitutional concentration of executive power, a federal appeals court said Tuesday. But the court stopped short of disbanding the agency, instead giving the president more power to remove its leader.

Fannie Mae plans to sell a pool of 3,600 loans with $806 million in unpaid principal balance.

National reverse mortgage originator Longbridge Financial has received investments from Ellington Financial and Home Point Capital.

Companies in the path of the storm have battened down the hatches, as others have prepared for the impact the hurricane could have on home sales and loan servicing in the weeks to come.

It's been a tough year for farmers, and lenders are looking for ways to help those borrowers offset sagging income.

Nonbank lenders and brokers added 900 employees to their payrolls in August as home sales slowed.

The housing industry has staunchly defended the mortgage interest tax deduction as an essential tool for promoting homeownership. But attitudes are softening, as data show the low- and moderate-income homebuyers who need the subsidy the most are getting the least benefit.

Interest rates fell in August to the lowest level recorded all year for millennials, which could mean expanded buying power for this segment, according to Ellie Mae.

Consumers were less inclined to buy a home in September, thanks to concerns about interest rates, home prices and the political environment.

A former top regulator of Fannie Mae and Freddie Mac wants to abandon the development of the common securitization platform and use the existing Ginnie Mae platform to issue government-guaranteed mortgage-backed securities.

Conforming mortgage rates were unchanged this week even as the 10-year Treasury's yield rose in response to the European Central Bank's decision to slow its bond purchase program, according to Freddie Mac.

M&T Bank is offering mortgage subsidies through a new program to qualified consumers in New Jersey and nearby states.

San Francisco has the highest level of "mortgage stress" of the top 100 largest cities in the United States by population, according to Finder.com.