Economy

Low interest rates are keeping the housing market strong even as affordability keeps declining, according to Freddie Mac.

Mortgage application volume was down on lower refinance activity, even though rates declined from the previous week.

In some housing markets, the right combination of wages, home prices and rental market conditions makes owning a home a virtual no-brainer. Here's a look at the top markets with the largest affordability spread between owning and renting.

The jury is still out on whether new sports stadiums are economic engines for their communities. But when it comes to housing alone, new stadiums are a boon for local home sales, but don't always contribute to home price appreciation.

Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.

Home prices in 20 U.S. cities continued to gain at a solid pace in July, according to S&P CoreLogic Case-Shiller data.

Republican presidential nominee Donald Trump used the first debate to attack the Federal Reserve Board, reiterating accusations that it has purposely kept interest rates low to help President Obama.

Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

Income gains and lower mortgage rates contributed to an uptick in affordability in July across most major markets in the country, according to First American Financial Corp.

The National Association of Mortgage Brokers has created a new grant program that is designed to expand the mortgage broker channel by helping mortgage professionals open their own wholesale shops.

Home prices continued to increase nationwide, led by gains made in New York State, according to Black Knight Financial Services.

Restoring consumer confidence in financial services won't be easy after the latest banking brouhaha, but the Consumer Financial Protection Bureau can help by proactively holding all mortgage loan officers to the same federal licensing standard.

Freddie Mac plans to say it will start a pilot program to increase the amount of risk it shares with private mortgage insurers.

Purchases of new homes dropped in August after surging a month earlier to the fastest pace since 2007, representing a pause in momentum within residential real estate.

Arch Capital Group has planned a secondary public offering to raise some of the cash for its $3.4 billion acquisition of United Guaranty Corp. from American International Group.

Fannie Mae employees will be working this weekend to update the agency's automated underwriting machine to process trended data for the first time.

Fannie Mae and Freddie Mac want to make it easier for owners of older apartment buildings to make energy efficient upgrades.

The average sales price of a new mobile home was $67,800 in April, compared with an average sales price of $380,000 for a site-built home.

The National Association of Realtors has partnered with VA Loan Captain to create a platform designed to help its members better serve the needs of military and veteran homebuyers and sellers.

Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.