Economy

Colony Mortgage, a real estate investment trust that specializes in "transitional," or improving property, is preparing its third securitization, according to Moody's Investors Service.

California lawmakers passed legislation to change the way communities wind down their shuttered redevelopment agencies, leaving cities and their advocates trying to tally the effects of the last-minute bill.

Wells Fargo has set a goal to originate $125 billion in residential mortgages to Hispanic borrowers by 2025.

The free market wouldn't plop down a trailer park just a few miles from downtown San Jose. At least not today, in a sharply spiking housing market that has made the metropolitan area one of the most expensive in the U.S.

Loan performance has improved since the housing crisis. But credit challenges persist, while higher housing costs combined with a plateau in wages have put increased strain on some borrowers' finances.

Freddie Mac is making plans for its first risk-sharing transaction tied to actual losses on mortgages with higher loan-to-value ratios in the 80% to 95% range.

Sen. Elizabeth Warren is withdrawing her support for a Republican bill that had been on the fast track to bar the Treasury Department from selling Fannie Mae and Freddie Mac preferred shares, according to a person familiar with the matter.

When he's not co-hosting his talk radio show or helping clients, Residential Home Funding's Marc Demetriou is studying loan program guidelines, a task he credits for helping him become one of the industry's top producing loan officers.

Commercial real estate investment firm Case Real Estate Capital has purchase two nonperforming senior notes for $20.5 million.

A unique public-private program in Dane County, Wis., uses shared-appreciation mortgages to develop new affordable housing units more effectively than other traditional financing options.

Loan-to-value ratios in commercial real estate lending have returned to their levels from the bubble days, Moody's says. Loss-rates look good for now, but trouble could be coming.

American Advisors Group has begun marketing a jumbo reverse mortgage loan over a year after it first planned to issue them.

The refinance mortgage market's unexpected resilience in 2015 has come as the result of a number of well-timed factors coalescing to create a welcomed surprise to lenders.

When the late-night television comedians joke about Fannie Mae and Freddie Mac — the two government-sponsored housing finance agencies that almost went belly-up during the housing crisis — you know they have reached the public consciousness.

Evans Bancorp in Hamburg, N.Y., has agreed to pay $825,000 to settle a lawsuit that accused the company of mortgage redlining.

California's already tight housing market is facing another long-term complication: drought.

The gap between a homeowner's perceived value of their property versus an appraiser's widened in August on a monthly basis, according to Quicken Loans.

Mortgage applications by consumers purchasing a new home dipped in August from July, according to the Mortgage Bankers Association.

The rising costs to service mortgages reflects a market where there are not only downsides to being too small, but hurdles to being too large — raising the question of whether there's a middle ground where servicers are not too big, not too small, but just right.

Homeowners are more pessimistic about the future of the housing market, while renters worry if they'll be able to afford to buy a home, according to a Zillow survey.