Economy

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, introduced legislation Thursday to reform consumer credit reporting.

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

Home prices in the San Francisco Bay Area, the epicenter of the U.S. technology boom and housing-affordability crunch, hit an all-time high last month.

The Indianapolis Federal Home Loan Bank rewarded 43 of its members with a $761,000 payout in May for the performance of their mortgages in an aggregated pool.

Russia's moving into mortgage bonds to try to cut housing costs, and it's taking a leaf out of America's book to do so.

New-home construction rose in April, extending a pattern of gains and losses that signals the homebuilding industry is contributing little to economic growth.

This summer, Freddie Mac will start rolling out a suite of tools that should speed sales of loans to the GSE. Relief from reps and warranties will take longer, however.

Ditech Financial will shift a St. Louis-area servicing platform to start doing new loan originations during the third quarter.

The June 25 launch, which will provide lenders with much more information about a borrower's credit history, will mark the first widespread use of trended data in the mortgage industry.

Confidence among homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed Monday.

Joseph Chacko works with H1B visa holders in ethnic communities, and uses his knowledge of agency guidelines and immigration policy to offer foreign workers a place to put down roots.

Freddie Mac has priced its sixth guaranteed multifamily small-balance loan securitization of 2016.

Freddie Mac is auctioning off $135 million in nonperforming residential whole loans.

A subsidiary of Goldman Sachs was the winner for all four pools in Fannie Mae's latest nonperforming loan sale.

Mortgage applications for new home purchases slipped 11% in April from the month before, according to the Mortgage Bankers Association.

The government-sponsored enterprises' risk-sharing deals are being hailed as an innovative approach for Fannie Mae and Freddie Mac to offload credit exposure to private markets. But their growing popularity is raising questions about how these transactions should be reported in financial statements.

Goldman Sachs and Citigroup each have filed for new commercial-backed mortgage securitizations this week.

Foreclosures continued to decrease in the first quarter, while delinquencies remained flat from the previous quarter, according to the Mortgage Bankers Association.

Following disappointing April employment data, mortgage rates are at their lowest point of the year, according to Freddie Mac.

Redwood Trust is broadening what kinds of prime jumbo mortgages it will accept and its appetite for non-qualified mortgages.