Economy

The Connecticut Housing Finance Authority intends to offer up to $63 million in fixed-rate bonds on Tuesday and $23 million as variable rate on July 13.

Freddie Mac investors will now have access to loan-level disclosures with FICO credit scores calculated from Experian consumer credit data.

Home prices are more likely to go down in states with economies driven by the energy industry than across the country overall, according to Arch Mortgage Insurance.

Home prices in 20 cities rose at a steady pace in April from a year earlier, a sign demand for residential real estate remains solid enough to support both buyers and sellers, data from S&P/Case-Shiller showed Tuesday.

Big banks have drastically reduced their share of the Federal Housing Administration market, a massive shift that has big implications, according to new analysis by the American Enterprise Institute.

New York City broke ground on a $67 million reconstruction project at the Ocean Bay-Oceanside development in the Rockaways.

Suffolk Bancorp said increased oversight of commercial real estate contributed to — and may have accelerated — its decision to sell to People's United. Other banks could make a similar choice.

The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery portal, but as many as one-third of lenders that originate FHA-insured mortgages have yet to use the new system.

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.