Economy

Although the Consumer Financial Protection Bureau doesn't mandate doing so, lenders' best chance to stay compliant with future data initiatives and regulatory changes is to implement standards set by the Mortgage Industry Standards Maintenance Organization.

The House approved a spending bill Thursday that would change the structure of the Consumer Financial Protection Bureau and take away the Financial Stability Oversight Council's power to designate nonbanks as systemically important.

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.

Nonbank lenders and brokers added 500 new workers to their payrolls in May.

Refinance requests have skyrocketed due to falling mortgage rates after voters in the United Kingdom voted to leave the European Union, according to Zillow.

Manhattan renters left their apartments in search of better deals last month, pushing back against landlord price increases and taking advantage of a flood of new choices on the market.

Calling the crazy-idea department…a U.S. Bancorp-branded bus is more than halfway through a cross-country, social-media-tracked journey to promote community development and alter its profile. It's an example of the new style of reputation-oriented marketing being pursued by banks.

Freddie Mac is on track to issue mortgage-backed securities via a common securities platform by the end of this year, according to the Federal Housing Finance Agency.

Home purchase sentiment has fallen as more people have turned negative on the economy's outlook, according to Fannie Mae.

Millions of Americans lost their homes to foreclosures or short sales during the housing crisis. Fortunately for the economy, time heals most wounds — and credit reports.

Mortgage rates dropped this week to their lowest point this year as yields on the 10-year Treasury remain depressed in the wake of the Brexit vote.

Female millennial mortgage borrowers are far more likely than their male counterparts to be single, according to Ellie Mae.

A noted upper midtown Manhattan retail center that sold last month for $525 million is among several high-end retail, shopping and hotel resort properties JPMorgan is including in its latest commercial mortgage securitization.

Radian Guaranty has redeemed the $325 million surplus note due to its parent company, Radian Group Inc. in Philadelphia.

The amount of money that foreign homebuyers spent on U.S. real estate fell to a three-year low as the strengthening dollar and rising property prices cut into affordability.

Total multifamily and commercial mortgage originations are expected to decrease from last year's levels because of economic uncertainty, according to the Mortgage Bankers Association.

Home prices registered an average year-over-year gain of 5.9% in May, according to CoreLogic's Home Price Index.

Fifth Third Mortgage has introduced a new down-payment assistance program in conjunction with Freddie Mac's Home Possible Advantage 3% down loan.

The Federal Housing Finance Agency has opened the door to experimenting with front-end credit risk transfer transactions, but it is not wide enough for some market players.

Melissa Suniga and her mother had been renting a three-bedroom Phoenix house for less than a year when their landlord, Blackstone Group's Invitation Homes, gave them the chance to buy it.