Economy

Funds associated with David Tepper sued to block CWCapital Asset Management LLC from recovering more than $500 million in interest from the mortgage on Manhattan's largest apartment complex.

Homeowners are less and less pushed to sell by market conditions, according to Seattle-based brokerage firm Redfin.

Home prices climbed in 87% of U.S. metropolitan areas in the third quarter, with gains nationwide slowing to a healthier pace, the National Association of Realtors said.

Rates on 30-year fixed-rate mortgages rose to the highest level since the end of July as a strong jobs report increased the likelihood that the Federal Reserve will boost borrowing costs for banks.

Four Federal Home Loan Banks have recruited 74 members to participate in their new Mortgage Partnership Finance jumbo loan program.

Renters who want to become homeowners are having a difficult time making the move because they can't afford a down payment, according to Zillow.

San Francisco Mayor Ed Lee is touting the Board of Supervisors' approval of a downtown affordable housing project that will provide homes for lower-income residents while also helping to pay for local infrastructure.

Cherry Hill Mortgage Investment Corp. posted a third-quarter loss due mainly to a hit on unrealized derivatives income.

NMI Holdings, the parent company of National MI, has obtained a $150 million loan to support the growth of its insured portfolio and to meet the secondary market capital standards requirement.

Mortgage application volume fell 1.3% on a seasonally adjusted basis for the week ending Nov. 6, compared to the previous week, according to the Mortgage Bankers Association.

With features including no minimum credit score, the Department of Veterans Affairs mortgage guarantee program is a popular choice for servicemembers and lenders alike. Here's a look at the top 10 markets for VA mortgage lending.

The former chief executive of a Nebraska bank has been convicted by a federal jury for lying to investors and regulators about considerable losses tied to risky commercial real estate investments.

Loan originations for commercial and multifamily properties rose in the third quarter, the Mortgage Bankers Association reported, backing up the group's projection from last month.

Freddie Mac has launched an auction of $1.2 billion of nonperforming loans, while Fannie Mae has announced the two winners of its recent auction of $1.24 billion of nonperforming loans.

Banks have added so much capital in the past several years that they're better protected from declines in real estate values than they were before the financial crisis.

D.R. Horton Inc., the largest U.S. homebuilder, jumped the most in nine months after reporting fiscal fourth-quarter earnings that rose 44% as sales increased.

Commercial real estate executives expect asset values and capital availability to stabilize next year, according to The Real Estate Roundtable's fourth-quarter Sentiment Index survey.

The Federal Agricultural Mortgage Corp. reported declining profits in the third quarter, citing unrealized fair value changes in leveraged assets.

New York City officials announced plans for what may be Brooklyn's tallest building, a 600-foot office tower in the borough's downtown.

The Consumer Financial Protection Bureau is pushing back against a lawsuit from PHH Corp. that claims the agency erred in overturning an administrative law judge's recommendation to limit the amount of penalties it could face.