Economy

The slow start to Fifth Third's 3%-down mortgage illustrates some of the logistical challenges with such programs, which are on the rise across the industry.

The Department of Housing and Urban Development has released the details of its next nonperforming residential loan sale through the Distressed Asset Stabilization Program.

Commercial and multifamily mortgage delinquency rates remained low during the second quarter, although two lender categories reported an increase, according to the Mortgage Bankers Association.

The Mortgage Bankers Association has long been a staunch defender of the mortgage interest deduction. But the group's president and CEO now says he's open to Congress reducing, or even eliminating, the tax break.

More homeowners think now is a good time to sell a home than buy one, according to Zillow.

Mortgage rates moved slightly higher in reaction to Federal Reserve Board Chair Janet Yellen's Aug. 26 speech, but still remain near their all-time record lows, according to Freddie Mac.

The first reboot of S&P 500 Index group weights in almost two decades has arrived, shaking up stock portfolios and conjuring an industry out of real estate investment trusts that will infuse at least one lightweight ETF with sudden riches.

In an unusual move, Fannie Mae has obtained credit ratings for eight previously unrated tranches of five Connecticut Avenue Securities transactions issued between 2012, when the program was launched, and 2015.

Home purchase applications are at their highest level in almost five years but a level that is still considered weak, according to the Freddie Mac Multi-Indicator Market Index.

Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more still have these crisis-era arrangements in place. It may be due to varying deadlines, mistakes calculating loan values or worries that they still might need the coverage for home equity lines.

The National Association of Realtors is urging policymakers to implement reforms meant to qualify more condominium buyers for Federal Housing Administration loans.

Contracts to purchase previously owned homes increased more than forecast in July, indicating further strength in the housing market.

When Andy and Amy Isaacson looked at buying a home in Palo Alto, Calif., for their expanding family, the least expensive one they could find was $1.5 million.

Ben Franklin famously said the only things certain in life are death and taxes. One Wisconsin loan officer has found one more.

Regulatory infighting over bond loans offered by down payment assistance programs has the potential to curtail lending to first-time buyers and do real damage to homeownership.

Interest rates for conventional purchase mortgages fell month-over-month in July, the Federal Housing Finance Agency reported.

Home prices in 20 U.S. cities continued to moderate in June, according to S&P CoreLogic Case-Shiller data released Tuesday.

Lenders who use the U.S. Department of Agriculture Rural Housing Service's Single Family Housing Guarantee Program will pay less beginning in October.

In just a few years, a popular mall with high-end anchor stores and boutique retail tenants can fall into substandard property condition, leaving commercial mortgage bond investors with outsized losses on their exposure to these properties.

The mortgage application forms from Fannie Mae and Freddie Mac should make for stronger loans, according to an analyst at Moody's Investors Service.