Economy

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.

Sales of previously owned homes climbed in May to the highest level in more than nine years, indicating that demand for residential real estate remains robust.

In something of a cruel irony, homebuilders are finding constraints on construction financing easing, but little in the way of quality lots on which to put up their houses.

Home prices rose 5.9% in April from a year earlier as job growth spurred competition for a limited number of listings.

Title agents reported an average increase in closing costs of $184 per transaction during the second quarter, according to a report from First American Financial Corp.

PennyMac Mortgage Investment Trust is now offering sellers the option to have the company underwrite the whole loans it purchases.

The Federal Reserve warned that prices in the commercial real estate market may have run up too far too fast.

Lennar Corp., the second-largest U.S. homebuilder, reported fiscal second-quarter earnings that beat analysts' estimates as the improving job market helped boost sales.

The decline in homeownership can be stopped, and even reversed, by taking action on credit access, better evangelizing for down payment programs and offering borrower counseling.

The current upcycle the housing market is in should continue for at least two more years, according to Fitch Ratings.

Commercial real estate prices may fall as much as 5% in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report Monday.

The mark of an excellent salesperson is the ability to progress even in challenging markets. Here's a look at the loan officers featured in the Top Producers Rankings who logged increases of more than 75% of their previous year's dollar volume of mortgage originations.

After four years of crammed open houses, heated competition and dizzying price gains that sent the median cost of a home to $1.2 million, San Francisco's real estate market is starting to lose steam.