Economy

Housing prices rose 1.2% in the second quarter, compared to the previous month, according to the Federal Housing Finance Agency. But online real estate site Zillow said home values declined in July.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.

The Federal Housing Administration has resolved a long-standing conflict with municipalities and private companies that back "green energy" loans that is expected to benefit banks and other mortgage lenders. The next question is whether the regulator of Fannie Mae and Freddie Mac mortgages will do the same.

Home prices in 20 U.S. cities increased 5% in June from the same month a year earlier, a sign of more progress in the housing market.

Two Florida men have been sentenced for their roles in a mortgage fraud scheme that resulted in about $24 million of losses for several financial institutions, including M&T Bank in Buffalo, N.Y.

Fannie Mae is revamping its affordable mortgage program to make it easier for low- and moderate-income families to qualify for low-down-payment loans.

Loans to first-time homeowners and others with low credit scores are a big part of the Federal Housing Administration's growth in purchase mortgages since the agency cut premiums.

Toll Brothers Inc., the largest U.S. luxury homebuilder, said fiscal third-quarter earnings fell as lower prices and unit sales caused revenue to decline.

Purchases of new homes rebounded in July, bolstering signs the real estate market is picking up.

Home prices rose 0.9% from May to June, according to Black Knight Financial Services' Home Price Index. Prices rose 5.1% compared to a year ago.

Blackstone Group has acquired a majority stake in the parent company of nonbank mortgage lender Stearns Lending.

BlackRock Inc. is the latest company planning to finance investors who buy single-family homes, capitalizing on soaring rental demand as the homeownership rate sits at a five-decade low.

A Virginia woman has pleaded guilty to leading a mortgage-fraud ring that victimized hundreds of Hispanic residents in the northern part of the state and caused millions of dollars in losses for lenders.

The inventory of loans in foreclosure fell 24% in July to a rate of 1.4%, compared to a year earlier, Black Knight reported.

Many Californians who earn the median household income for their area cannot afford to buy a house where they work, the California Association of Realtors said.

There's nothing like a natural disaster to make people realize how important insurance is to the banking industry.

Homebuyers may be missing out on a wide range of programs that can help them afford their purchases — programs their agents either don't know about or don't want to bother with.

Fannie Mae has announced the winning bidder for two pools in its second nonperforming loan sale, which includes roughly 3,900 loans carrying a total of $765 million in unpaid principal balance.

Ocwen Financial has partnered with several local organizations to sponsor seminars to help homeowners stay in their homes.

Potential homebuyers were most worried about price in the second quarter, according to a new Redfin survey.