Housing

Steve Victor, a 33-year-old IT contractor from London, says he's pulling out of the purchase of a new four-bedroom home in the town of Bedford after Britain voted to leave the European Union.

A popular narrative of the housing market has been that big city prices are locking out young buyers, feeding a cycle in which a growing number of people are forced to rent at ever higher rates as demand overwhelms supply.

Industry and consumer groups are calling on the Federal Housing Finance Agency to reduce the loan fees that homebuyers have to pay on Fannie Mae and Freddie Mac guaranteed mortgage loans.

More than one in five Americans say the presidential candidates' policies on housing and finance will shape their vote in November.

The ultimate approval of the CIT-OneWest merger by regulators represents a giant step backwards for the Community Reinvestment Act.

The decline in homeownership can be stopped, and even reversed, by taking action on credit access, better evangelizing for down payment programs and offering borrower counseling.

Nearly two-thirds of Americans think that something can be done to address problems related to housing affordability — and they want the presidential candidates to talk about it.

So far, 2016 has brought legal battles, election woes and TRID-related headaches to the mortgage industry, among many other major issues.

Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.

Home prices in April were 6.2% higher than a year ago, according to the CoreLogic U.S. Home Price Report.