Economy

The agency's insurance-rate cut could spur the rehab of thousands of affordable units, but it's far from a total solution, housing advocates say.

While the percentage of properties with negative equity decreased during 2015, the lowest-priced homes continued to struggle to regain value, according to Black Knight Financial Services.

The USDA mortgage production operation makes up a very small part of JPMorgan Chase's overall lending business.

From electronic closings to e-warehouse lending, these executives are leading a movement to recast the industry's approach to digital.

Richard Dugas plans to retire next year after more than a decade as chief executive officer of U.S. homebuilder PulteGroup Inc., saying the company's founder wants a change.

Fifth Third Bank is offering a teaser rate to new home equity line of credit borrowers through July 31.

The average price of a Manhattan apartment topped $2 million for the first time, reflecting the closing of deals from a high-end buying frenzy that's now showing signs of a slowdown.

The number of misrepresentations in mortgage applications continued to decline in February, benefiting from lenders' increased spending on compliance, said First American Financial Corp.

Genworth Financial Chief Executive Officer Tom McInerney said he's moving with a "sense of urgency" to turn around the insurer after record losses and a stock plunge.

Realogy's NRT subsidiary completed the most residential real estate transactions in 2015, among all brokerage firms.

In a letter to CFPB Director Richard Cordray, the Association of Mortgage Investors said that the "Know Before You Owe" rule has "resulted in a climate of legal uncertainty" and is "chilling" private investment in the U.S. mortgage market.

Although many believe home prices to be impervious to inflation, they are still susceptible to speculation surrounding the Federal Reserve's rumors and decisions on monetary policy.

The housing market is poised to post its best year in a decade, although employers' resistance to giving workers a raise is a major concern, Freddie Mac said.

Interest rates on fixed-rate mortgages were unchanged from last week, Freddie Mac said.

American International Group Inc.'s mortgage insurer, United Guaranty Corp., filed for an initial public offering as the parent company faces sustained pressure from activists to split up.

More of the nation's housing markets are back to or near their normal level, but pockets of weakness remain, according to Freddie Mac.

Fannie Mae has unveiled a mortgage for borrowers who want to finance energy and water efficiency improvements to their homes.

Freddie Mac has obtained new insurance policies under its Agency Credit Insurance Structure program.

Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.

Mortgage applications fell 1% on a seasonally adjusted basis for the week ending March 25, compared to one week earlier, according to the Mortgage Bankers Association.