Economy

Trading space for place with micro-housing could be a promising solution to compounding homeownership woes.

Home equity line of credit delinquencies and net charge-offs have not increased as expected, largely due to the beneficial impact of improving home prices and steadier economic conditions, according to a report from Fitch Ratings.

Jeff McGuiness has exited the CEO position at Lenders One to become the chief sales officer for Embrace Home Loans.

Despite some silver lining, analysts say the Supreme Court decision upholding "disparate impact" in fair-lending disputes will only embolden activists and regulators to bring more cases.

Mortgage-fraud risk appears to have normalized, as the overall rate of fraud declined in 2014 and there has been a shift to specific fraud types on the local level, according to Interthinx.

The New York City borough of Manhattan is the least affordable place for consumers making a low down payment to buy a home, according to a new report by housing and property data firm RealtyTrac of Irvine, Calif.

Mortgage rates barely budged from a week ago, even though reports have shown that the housing market is on the rebound with interest rates expected to rise.

A greater share of millennials say they're likely to buy a home this year, adding to evidence that first-time buyers are finally entering the real estate market and fueling a jump in sales.

Altisource Portfolio Solutions has upgraded its sell-it-yourself real estate platform, Owners.com, and will offer a rebate to buyers who purchase a home through the site.

In a huge win for housing advocates and a setback for the banking industry, the Supreme Court on Thursday upheld the use of "disparate impact" in a Texas case alleging housing-related discrimination.

Homeownership rates have dropped to historic lows, while at the same time the cost to rent homes has risen sharply, according to a new report from Harvard University's Joint Center for Housing Studies.

Two groups representing small and mid-size lenders say new proposed state mortgage servicing standards for nonbanks will add an unnecessary layer of regulatory burden, especially for firms servicing Fannie Mae and Freddie Mac loans.

Home prices rose 1.2% in April, from the previous month, in the largest seasonal gain since 2005, according to FNC.

Bankers and commercial real estate developers are protesting new restrictions on construction lending, arguing they are poised to hurt credit availability and drive loans into risky, unregulated sectors.

Freddie Mac's latest monthly Multi-Indicator Market Index shows a weak but improving housing sector.

Lennar Corp., the second-largest U.S. homebuilder, reported fiscal second-quarter earnings that beat estimates as the revived economy spurs new housing demand.

Mortgage applications rose 1.6% on a seasonally adjusted basis from a week earlier, according to the Mortgage Bankers Association's weekly survey.

Ocwen Financial Corp. has priced $225 million of asset-backed notes being offered as part of a debt refinancing.

Some argue that nonbank mortgage lenders' rising market share poses a risk to the financial system. But this belief arises from an inaccurate understanding of what is in fact a well-regulated sector.

Wells Fargo has hired two executives to expand its lending for manufactured housing, following the San Francisco company's purchase of a multibillion-dollar loan portfolio from GE Capital.