Economy

It's time for the Federal Housing Finance Agency to make good on Fannie Mae and Freddie Mac's funding obligations to two affordable housing programs.

He founded and owned Myers Internet Services, which at one time hosted over 8,500 websites for originators and real estate agents.

The Connecticut Housing Finance Authority's plans to sell $97.5 million of housing mortgage financing this week in transactions that include two private placements.

National home prices are continuing to rise from a year earlier, but the rate of growth is slowing down.

Industry veteran David Applegate will serve as CEO of Common Securitization Solutions LLC, the new firm co-owned by Fannie Mae and Freddie Mac to develop a common securitization platform for the mortgage secondary market.

Bill Cosgrove intends to make the return of the first-time homebuyer his primary focus as the new chairman of the Mortgage Bankers Association.

A rise in shorter-term refinances and lower cash-out volume has contributed to the rebound in home equity.

Federal Housing Finance Agency Director Mel Watt has struck a conciliatory tone, seeking lenders' input and making loan-buyback rules more industry-friendly — a clear signal the administration thinks it needs bankers' help to reignite the tepid housing recovery.

TIAA-CREF and Jonathan Rose Cos. have launched a national fund dedicated to "green" and affordable mixed-income multifamily housing development.

JPMorgan Chase & Co.'s sale of a new type of mortgage-linked bonds is the best glimpse yet into a possible future of the $9.4 trillion U.S. home-loan market.

Fitch noted that overall the performance of legacy CMBS deals, those originated before 2007, has stabilized.

Embattled nonbank servicer Ocwen took a $100 million charge for a potential settlement of foreclosure violations and posted a third-quarter loss, but warned the final cost to settle allegations that it backdated foreclosure notices could be higher.

Nonbank commercial and multifamily mortgage maturities will rise by 72%, to $158 billion next year, according to a Mortgage Bankers Association forecast.

Small lenders are hoping a new representation and warranty framework by Fannie Mae and Freddie Mac will offer them alternatives to loan repurchases.

Mortgage rates across major loan product types rose nationally this past week, up from their lowest rates of the year.

The nearly 45% of new insurance written for other types of mortgage lenders could be a sign that the formerly credit union focused company is gaining some traction in the broader market.

In a surprise victory for mortgage servicer PHH Corp., a California judge overturned a $16.2 million jury verdict awarded to a California homeowner in July for a botched loan modification.

Fannie Mae increased its issuance of multifamily mortgage-backed securities in the third quarter.

The court asked another governmental entity to remedy the plight of non-borrowing spouses facing foreclosure. So far options appear to give few consumers relief.

JPMorgan Chase & Co. is selling securities tied to almost $1 billion of mortgages in the latest version of bonds that allow home-loan giant Fannie Mae to share risks with debt investors.