Economy

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.

Mixed views of the economy drove consumers' overall trust in the housing market down in October, according to Fannie Mae's Home Purchase Sentiment Index.

RCS Capital Corp. plunged after Apollo Global Management scaled back plans to invest in the company and another entity associated with Nicholas Schorsch.

While regulatory pressures remain top of mind for the mortgage industry, lenders surveyed by National Mortgage News are shifting their attention from defensive-minded compliance initiatives to ones that improve companies' ability to compete.

Clayton Homes reported a higher third-quarter profit on increased sales of its manufactured homes.

Shares of real estate investment trusts fell the most since August after an upbeat reading on U.S. jobs increased the odds the Federal Reserve will raise interest rates this year.

Profits on home sales reached their highest point in eight years in the third quarter despite a slowing-down of appreciation rates, according to RealtyTrac's U.S. Home Sales Report.

LendingTree stands to earn as much as $91.4 million based on its pricing for a common stock offering that is expected to close Nov. 12.

Nonbank mortgage lenders added 1,600 employees to their payrolls in September, which combined with revised August figures brought industry employment to its highest point in more than two years.

Fannie Mae was affected by the same derivatives accounting mismatch that led to Freddie Mac's first quarterly loss in four years. But its bulk and balance sheet provided enough cushion for the larger of the two government-sponsored enterprises to post a profit for the third quarter.

Mortgage credit availability improved in October as a result of new affordable housing programs, according to the Mortgage Bankers Association.

Interest rates on 30-year fixed-rate mortgages increased during the week ending Nov. 5, as the market gained greater confidence that the Federal Reserve will raise interest rates, according to Freddie Mac.

WASHINGTON — The House passed a massive $340 billion transportation bill on Thursday, striking two key provisions hated by the banking industry while adding several other measures that could affect financial institutions.