Economy

Interest rates head steady this week despite the monthly jobs report falling short of expectations, according to Freddie Mac.

Comptroller of the Currency Thomas Curry said banks could consider loan-to-value ratios above 90% to help revitalize areas hurt by the housing crisis.

FirstKey Holdings has formed a business unit to manage single-family rental homes.

The delinquency rate for commercial and multifamily mortgages continued to improve for most categories of investors in the second quarter, continuing a trend from the first quarter, according to the Mortgage Bankers Association.

Every consumer with a 401(k), retirement account or brokerage account ought to care about whether the government has the right to unilaterally amend a company’s operating agreement.

Mortgage applications fell 6.2% from a week earlier on a seasonally adjusted basis for the seven days ended Sept. 4, according to the Mortgage Bankers Association.

Amid growing concerns about compliance costs in title insurance, a trio of title agents has formed a consortium to help smaller firms manage their back offices more efficiently.

The first Fannie Mae Home Purchase Sentiment Index fell 0.5 points to 80.8 in August from where it would have been in July.

Consulting firm The Collingwood Group has hired former Freddie Mac executive Paul Mullings.

Total home equity in the United States mortgage market has risen nearly $1 trillion year-over-year to $7.6 trillion, the highest level since 2007, according to Black Knight Financial Services.

Years after the great American housing bust, mortgages akin to the so-called liar loans — which were made without verifying people’s finances — are creeping back into the market.

Guaranteed Rate has added 75 former Discover Home Loans employees as well as the Irvine, Calif., call center facility that they worked at.

The number of homes that are financially underwater decreased in the second quarter, as property values for the bottom third of the market saw faster rates of growth, according to Zillow.

Non-bank originators add 3,200 new employees in July.

Randolph Savings Bank in Massachusetts has agreed to buy First Eastern Bankshares in Andover, Mass.

The Hispanic Federation and New York Urban League have partnered to encourage homeownership among low-income and minority groups and to provide financial education.

Mortgage credit availability loosened in August as lenders have more jumbo loan products and added loans for borrowers with less-sterling credit, according to the Mortgage Bankers Association.

Interest rates on fixed-rate mortgages rose this week as the stock market remained volatile, according to Freddie Mac.

Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers' tolerance for high prices in many large U.S. cities may be reaching a limit.

If you have a modified mortgage made around the time of the U.S. housing market’s peak, Cerberus Capital Management probably wants to buy it.