Housing

For almost four years, Seattle officials neglected to collect a $3.4 million payment for affordable housing from the developer of a high-profile, luxury condominium project.

Mayor Sylvester Turner expressed optimism Monday about city efforts to resolve a federal finding that Houston housing policies violate the Civil Rights Act, saying U.S. Department of Housing and Urban Development Secretary Ben Carson told him last month he "is very pleased with the direction in which we are going."

Although home price growth is expected to eventually decelerate, CoreLogic's home price index for February shows it grew slightly on both a year-over-year and consecutive-month basis.

Post-recession, educational achievement became a factor in determining whether a young adult decided to buy a home.

The groups and industry trade associations want the Treasury Department and the FHFA to allow Fannie Mae and Freddie Mac to build up capital reserves.

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

Detroit was once known as a city where a working-class family could afford to own a home. Now it's a city of renters.

Two Memphis agencies heavily reliant on Department of Housing and Urban Development funding could face deep, far-reaching cuts if the Trump administration slices $6 billion from HUD's budget.

Small investors, not first-time homebuyers, are driving home prices to unaffordable highs, according to a new report from Attom Data Solutions and Clear Capital.

U.S. Treasury Secretary Steven Mnuchin's seriousness about overhauling the nation's $10 trillion mortgage market will soon be tested.

Senate Banking Committee Chairman Mike Crapo said Wednesday that although he plans to begin working on housing finance reform and changes to the Dodd-Frank Act, the poor relationship between Democrats and Republicans will slow any progress.

The government-sponsored enterprises should target their affordable housing efforts to strengthening the single-family market, rather than investing in private equity giants.

The denial rate traditionally used by the mortgage industry is hiding the fact that fewer borrowers with lower credit are applying for loans, according to the Urban Institute.

The Fannie Mae Home Purchase Sentiment Index rose two percentage points to 82.7 in January, reflecting the more positive consumer outlook following November's presidential election.

A homeowner's equity position is one of the many factors that drive property transitions between owner-occupied and rental status, according to a study from the Mortgage Bankers Association's Research Institute for Housing America.

A shortage of appraisers, combined with soaring demand for housing, is causing lengthy delays in Seattle and surrounding markets.

The Senate Banking Committee voted unanimously on Tuesday to approve the nomination of Ben Carson as the next Housing and Urban Development secretary.

The Department of Housing and Urban Development announced Friday that the reduction in mortgage insurance premiums "has been suspended indefinitely."

In his confirmation hearing, Treasury Secretary-designate Steven Mnuchin said he wanted to work with both parties to find a "bipartisan fix" for the housing finance system.

In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.