Housing

April home sales were up 5.4% and prices up 6.5% from the previous year, real estate brokerage Redfin reported.

The multifamily market is heating up as apartment owners and investors refinance in a rush to lock in low interest rates, but caps on government-backed lending programs are threatening to disrupt momentum.

Fannie Mae has created a new financing option for multifamily properties looking to undergo energy- and water-cost saving improvements.

Other regional Federal Home Loan Banks are lining up so their members can securitize FHA and VA loans through Chicago FHLB conduit.

The average rate for a 30-year fixed mortgage was 3.85% this week, up from 3.8% last week and the highest since mid-March.

Mortgage origination activity slowed in the first quarter compared with the fourth quarter of 2014, but showed improvement on a year-over-year basis.

With support from Bank of America, a nonprofit lender is trying to revitalize Detroit by offering no-down-payment mortgages at up to 150% of a home's assessed value. The idea is to provide borrowers with enough cash to buy run-down homes and fix them up, and if the program works as promised it could prove to be a template for lending in other cities — like Baltimore — that have large swaths of boarded-up homes.

PrimeLending, a subsidiary of PlainsCapital Corp., has created a program aimed at providing closing cost assistance for underserved communities.

Home values rose in April but could not fully make up for the decline the month prior, according to Quicken Loans.

A survey of housing experts found that, while most believe it will become easier to obtain a mortgage in the next few years, renters may still not buy homes because of their economic situations.

WASHINGTON — A new mortgage disclosure regime due to take effect on Aug. 1 is unlikely to cause closing delays, according to Consumer Financial Protection Bureau Director Richard Cordray.

There continues to be improvement in the number of distressed homes nationwide, according to a report from CoreLogic.

Can Rupert Murdoch take an online fixer-upper and turn it into a digital real estate profit spinner? We're about to find out.

More lenient capital requirements than expected from Fannie Mae and Freddie Mac were good news for two legacy private mortgage insurers, but another is facing a bigger deficit than initially thought.

Home prices climbed in 85% of U.S. metropolitan areas in the first quarter as low mortgage rates and the strongest labor market in almost seven years spurred demand.

Increased wealth inequality among Americans is correlated with decreasing levels of homeownership, a new study from the National Association of Realtors reports.

Fannie and Freddie will have more room to finance affordable rental housing, but it is unclear if it's enough to prevent possible disruptions later this year.

The Boston and San Francisco Home Loan banks are poised to join the MPF Direct program, which allows FHLB members to sell jumbo loans to Redwood Trust.

Mortgage applications were down 4.6% on a seasonally adjusted basis for the week of May 1, according to the Mortgage Bankers Association.

The risk of mortgage lenders being victimized by fraud increased during the first quarter as economic conditions nationwide shift, according to a report from Interthinx.