Economy

New York's landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums.

Home prices continued their upward climb, particularly in the Western part of the country, in April, according to Black Knight Financial Services.

Entry-level home values rose at double the rate of top-tier homes over the past year, according to Zillow.

The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.

For the first time, Ginnie Mae has edged out Freddie Mac as the second largest securitization platform.

Ten banks have invested a total of $25 million in the fund, which buys up mortgage-backed securities tied to loans made for the development or rehabilitation of affordable single- and multi-family homes.

Steve Victor, a 33-year-old IT contractor from London, says he's pulling out of the purchase of a new four-bedroom home in the town of Bedford after Britain voted to leave the European Union.

A popular narrative of the housing market has been that big city prices are locking out young buyers, feeding a cycle in which a growing number of people are forced to rent at ever higher rates as demand overwhelms supply.

Housing markets were less affordable than their historic norms in 18% of counties across the country, according to RealtyTrac.

The U.S. government's decision to take all profits from Fannie Mae and Freddie Mac was the right thing to do even in light of the companies' subsequent return to profitability, a former Treasury Department official said..

Incenter Mortgage Advisors is brokering the sale of a $1.6 billion Freddie Mac residential mortgage servicing rights portfolio for an undisclosed independent mortgage banker.

Fannie Mae has delayed the roll out of its new automated underwriting system that will require mortgage lenders to use trended data for the first time in submitting their loans for approval.

Mortgage rates are up two basis points over the previous week, but they are not increasing as fast as the benchmark 10-year Treasury yield.

Purchases of new homes declined in May from an eight-year high as the housing market continued to display the choppy progress that's been a hallmark of the recovery.

KB Home is getting a surge of buyers in cheaper suburban areas after spending the past few years focusing on costlier locations, the builder's chief executive officer said.

Foreclosure starts increased last month, moving off their 10-year low, according to Black Knight Financial Services.

Industry and consumer groups are calling on the Federal Housing Finance Agency to reduce the loan fees that homebuyers have to pay on Fannie Mae and Freddie Mac guaranteed mortgage loans.

Carrington Mortgage Services has added conventional loans to the portfolio of products offered by its wholesale lending division.

More than one in five Americans say the presidential candidates' policies on housing and finance will shape their vote in November.

The ultimate approval of the CIT-OneWest merger by regulators represents a giant step backwards for the Community Reinvestment Act.