Economy

Patricia Goldstein, the commercial real estate finance pioneer, veteran workout banker and mentor of many of today's top female executives, died Thursday in Highland Beach, Fla. She was 69.

The SAFE Transitional License Act would allow registered lending officers to work at independent mortgage banks for 120 days while they complete state testing and licensing requirements.

Prospective homebuyers may be confident about what it takes to buy a home, but a recent survey indicates most struggle with basic concepts of the mortgage process.

Ocwen Financial and Assurant have reached an agreement to settle charges that the embattled mortgage servicer profited from kickbacks on force-placed insurance policies with struggling homeowners.

Fannie Mae and Freddie Mac could require an additional bailout of as much as $157.3 billion in a deep recession, according to the results of stress tests released by the regulator for the U.S.-owned companies.

Mortgage interest rates rose during the week thanks to increases in home values and sales as well as slower-than-expected economic growth, Freddie Mac said.

Though home prices have started to rise, new home construction has remained low as builders have struggled to gain momentum due to shortages of materials, developed lots and skilled labor.

Housing and the mortgage industry are every bit as important to the U.S. as the national transportation or healthcare systems.

As more millennials enter the housing market, mortgage bankers continue to stress improved technology as a needed element in efforts to win these consumers, according to a member survey by Lenders One Mortgage Cooperative.

Freddie Mac plans to auction off $233 million of nonperforming loans, the government-sponsored enterprise announced.

A House subcommittee approved a bill Wednesday that would redirect money from an affordable housing fund that receives money from Fannie Mae and Freddie Mac into another program run by HUD.

Mortgage application activity fell once again as refinance volume dropped to its lowest level since September 2014, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey.

The number of Americans who signed contracts in March to buy previously owned homes climbed after the biggest increase in more than four years, a sign for further progress in the housing recovery.

With the housing market and fundamentals showing signs of health, investors may want to begin turning their focus from commercial to residential real estate, according to analysts at William Blair.

Flagstar Bancorp beat expectations as it reported stronger mortgage volume in the first quarter.

The U.S. homeownership rate fell to the lowest level in more than two decades, extending a multiyear decline as rising prices and stagnant wages keep young families out of the property-buying market.

Waterstone Financial saw higher quarterly profits thanks to a 352% increase in its mortgage banking segment.

With the countdown of the 2015 Top Producers rankings now complete, check out the entire list of this year's best loan officers and brokers.

Home prices in 20 U.S. cities climbed at a faster pace than forecast in the year ended February, a sign the housing industry may be gaining momentum amid low borrowing costs and continued job growth.

With low rates tempting more home owners to refinance and relaxed down payment requirements spurring more home sales, bankers are more optimistic about mortgage lending than they have been in some time.