Economy

The owner of a New Mexico mortgage lender has acquired a controlling interest in Goldwater Bank in Scottsdale, Ariz.

The market capacity for existing-home sales rose 0.4% in August compared to the previous month, according to First American Financial.

Freddie Mac has agreed to sell $1.1 billion of seriously delinquent nonperforming loans that had been serviced by Ocwen Financial.

Lenders are easing loan standards across all types of mortgage products, according to Fannie Mae's latest survey of mortgage lenders.

Policies that seek to increase homeownership by extending more credit to homeowners are misguided, according to former Federal Housing Finance Agency chief Edward DeMarco.

WASHINGTON — A bipartisan group of senators reintroduced a bill Wednesday that would prohibit lawmakers from using certain housing finance fees to offset unrelated government spending.

U.S. mortgage securities, especially those with government backing, are being viewed as a haven for bond investors as they brace for the Federal Reserve to lift interest rates.

Conforming mortgage rates barely budged this past week as the industry awaits news from the Federal Reserve Thursday afternoon regarding a potential rate hike.

New-home construction fell in August, indicating the real estate recovery will take time to evolve.

The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time.

Freddie Mac is auctioning $327 million of delinquent nonperforming loans.

Connected Investors has created a new centralized real estate investment funding portal that the Wilmington, N.C.-based company believes will simplify deals and relationships.

Equifax has agreed to provide Fannie Mae with anonymous, loan-level FICO credit scores as part of its monthly disclosure program.

Freddie Mac's next bond with exposure to actual losses on mortgages only features loans with loan-to-value ratios of over 80%.

A report to examine the conditions surrounding last year’s unrest in Ferguson, Mo., is calling for officials to strengthen poor minority communities’ access to banking services and restrict the prevalence of predatory lending to reduce crime and poverty.

Refinancings as part of the total origination market rose slightly in August, according to Ellie Mae.

Mortgage applications dropped 7% from the previous week, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the period ending Sept. 11.

Confidence among homebuilders rose in September to the highest level in almost a decade, signaling momentum in residential real estate will support growth in the second half of 2015.

The Senate passed a bipartisan bill late Tuesday that would cap executive pay at Fannie Mae and Freddie Mac.

A survey from Wells Fargo and Gallup has found that investors continue to take advantage of low interest rates.