Housing

Nationwide, the lack of single-family home construction has become dire, threatening to create a housing shortage that could undermine affordability and home sales. But this dearth of new housing starts is far worse in some of the country's most sought-after housing markets.Here's a look at the 10 markets in need of the most new construction.

Americans are carrying higher levels of debt as they head into retirement, raising the specter of financial headaches in their old age, according to Prudential Financial.

The next administration in the White House must act swiftly to move reform of Fannie Mae and Freddie Mac off dead center, and Ginnie Mae President Ted Tozer suggested that the model for a new secondary market is already in place.

The Department of Housing and Urban Development is taking a harder look at how mortgage lenders treat borrowers with limited English language skills.

New American Funding and Alterra Home Loans are partnering on a new loan program using Freddie Mac's low-down-payment Home Possible mortgages.

Walter Investment Management Corp. subsidiary Ditech Financial will begin to enroll a number of rejected loan applicants in a new program aimed at helping people qualify for a mortgage.

Regardless of who wins in November, the mortgage industry will see significant changes, but Hillary Clinton and Donald Trump would take very different approaches to housing and regulatory issues, said Mortgage Bankers Association President and CEO David Stevens.

Home purchase sentiment fell in August as home price expectations and other components decreased from record highs one month ago, according to Fannie Mae.

Efforts to expand diversity and inclusion are critical to any industry, but they're becoming especially important in mortgage finance, where the customer base is evolving and more millennial and multicultural consumers are ready to buy homes.

Home prices have returned to their precrisis peaks, but homeownership rates keep on slipping.