Economy

Homeowners in congressional districts controlled by Democrats nationwide have gained two times' more housing wealth than those in districts led by Republicans, according to Attom Data Solutions.

Converting millennials from renters to homeowners is proving difficult, but here are steps lenders can take to get this generation on board with buying.

More than $200 billion of the most poorly underwritten commercial mortgages originated before the financial crisis come due this year and next, many of them still underwater.

There are a lot more apartments available for purchase these days in Manhattan. And fewer people are buying.

U.S. Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

The Federal Reserve's mishandling of monetary policy in the 1970s opened the door to questionable products for unqualified borrowers, setting the stage for the housing crisis 30 years later.

Bank mortgage servicers are slashing their staff in the wake of improved loan performance and decreased portfolio, according to Fitch Ratings.

Hillary Clinton and Donald Trump should face more questions about housing policy, especially the lack of affordable housing to own or to rent nationwide, said Fannie Mae Chief Tim Mayopoulos.

Borrowers who go through a sour mortgage experience often leave poor business reviews online and move on with their lives. Houtan Hormozian decided to become a loan officer and give his clients the service and experience that he didn't get to have.

Though they have a reputation for being precarious, Federal Housing Administration loans are leading the decline in mortgage application defect risk, according to First American Financial Corp.

An FHA lender was cited for violating Department of Housing and Urban Development rules by allowing repayment provisions in second mortgages.

Home sales in California are expected in increase in 2017 as price appreciation slows down, according to a forecast from the California Association of Realtors.

Mortgages jumped more than 20% to 7.4 million originations in 2015, reversing a more than 30% decrease a year earlier, according to housing finance data released Thursday. The data also found that nonbanks accounted for fully half of new mortgage originations — the largest proportion in over 20 years.

Department of Housing and Urban Development veteran Margaret Salazar will become the new director of Oregon Housing and Community Services Nov. 1.

Homes were less affordable than their historic averages in 24% of U.S. markets as prices rose and wage growth slowed, according to Attom Data Solutions.

Mortgage rates fell as investors purchased more 10-year Treasury bonds after the Federal Open Market Committee decided to leave short-term rates unchanged.

Contracts to purchase previously owned homes fell to a seven-month low in August, held back by a tight supply in the housing market.

The red-hot growth in home prices across the West is starting to slow in some cities as sticker shock and low inventory put off weary buyers.

The Rural Housing Service has quietly launched a new construction loan program designed to increase the availability of new homes in rural areas.

Eight years after high-risk, deceptive lending practices precipitated a near-meltdown of the global economy, we learned that at least 5,300 Wells Fargo employees created 2 million sham accounts that its customers apparently did not want, need or understand.