Economy

Walter Investment Management has received approval from Freddie Mac to hold the mortgage servicing rights on $3.3 billion in residential mortgage loans.

Interest rates on fixed- and adjustable-rate mortgages fell this week amid stock market volatility, according to Freddie Mac.

Contracts to purchase previously owned homes climbed in July for the sixth time in the last seven months, signaling further momentum in residential real estate.

In the world of property valuations, there's no such thing as the "perfect" comparable sale. From design and architecture styles to energy efficiency, here's a look at 10 home features most frequently adjusted in appraisals.

Fannie Mae has lowered its projections for single-family mortgage originations for the second half of the year, based on a variety of negative economic conditions.

Many potential home sellers are staying on the sidelines due to high prices and a lack of available inventory for buying a replacement home, according to the California Association of Realtors.

Housing markets nationwide continued to improve, with more than half of states considered to be within a stable range, Freddie Mac reported in its latest Multi-Indicator Market Index.

Those who rent single-family properties could be more likely to buy than their multifamily counterparts, according to research from Freddie Mac.

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.