Economy

Corporate culture can be a powerful tool for a good leader — and a poison pill for a bad one.

Center Street Lending in Irvine, Calif., has expanded into new lending products to help investors in the rental real estate market.

TD Bank USA plans to hire additional mortgage lenders as it seeks to expand its mortgage business in the Northeast U.S.

Mortgage delinquency rates continued their double-digit yearly declines in the third quarter, according to TransUnion.

The Federal Housing Administration reported better than expected financial results on Monday, with the ratio of reserves to guaranteed loans soaring past its minimum threshold to reach 2.07%.

Mortgage applications for new homes accelerated in decline in October.

LoanDepot, a fast-growing mortgage lender founded after the U.S. housing bubble burst, aborted a plan to sell as much as $540 million of stock to the public, hours before it was scheduled to set a price.

Fannie and Freddie are irredeemable failures, which must be abolished as the first step in any type of housing finance reform — if current and former officials of the U.S. Department of the Treasury are to be believed.

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.