Economy

Benefiting from higher loan guarantee income and lower derivative losses, Freddie Mac said Tuesday it had made $993 million in the second quarter, a dramatic reversal from its $354 million loss a quarter earlier.

Robust demand for mortgages. Real estate values rising at a solid clip. Construction employment in decent shape. A fresh cycle high for single-family home sales.

Mortgage interest deduction limit applies on per taxpayer basis.

Home prices continued their upward climb in June as properties at the lower end experienced higher levels of appreciation, according to CoreLogic.

Regulators' recent warnings on emerging risks with commercial real estate indicate banks have reverted to CRE practices that got them in hot water once before.

Mid America Mortgage in Addison, Texas, has executed its first electronic closing and e-note through its retail origination channel. The closing builds on the company's plan to expand e-closings and e-notes across all of its origination channels.

Lending standards for most business and residential real estate loans as well as subprime consumer loans are tighter than the 10-year average, according to a survey of senior bank loan officers released by the Federal Reserve Board.

The average single-family guarantee fee paid to Fannie Mae and Freddie Mac only increased by two basis points in 2015 to 59 bps, according to the Federal Housing Finance Agency.

Home sales rose to their highest level since the financial crisis last week. While that's a good sign, full recovery is going to take a long time. Here's why.

MGIC Investment Corp. has begun a public offering of $350 million in senior notes.

Guild Mortgage and FirstREX are lifting the curtain on a down payment investment program.

The United Kingdom's vote to leave the European Union has created the largest refinanceable population in the United States since late 2012, according to Black Knight Financial Services.

Carver Bancorp in New York is dealing with a new set of challenges just months after being released from a longstanding enforcement order. The company’s woes highlight the challenges for banks with narrowly constrained business models.

Foundation Asset Management has requested a special meeting of Stewart Information Services Corp. stockholders, where it will propose removing co-vice chairmen Malcolm Morris and Stewart Morris Jr. from the company's board of directors.

The Department of Housing and Urban Development has reached an agreement with Citizens Bank to settle allegations that the bank discriminated against a woman on maternity leave.

The Federal Housing Administration is promoting a particular kind of financing for residential energy retrofits that another regulator staunchly opposes. Mortgage lenders and investors have qualms, too, about the impact on their standing in collateral claims.

Those with student loan debt but no college degree are less likely to own a home relative to a debt-free high school graduate, according to Fannie Mae.

Fannie Mae has released historical performance data on a portion of its modified single-family loans.

Teardowns — in which builders or private individuals purchase an aging, outmoded house, then demolish it and replace it with a modern home that will suit today's homeowners — are currently on a tear.

The homeownership rate fell to the lowest level in more than 50 years as rising prices put buying out of reach for many renters.