Housing

Mortgage applications increased 2.7% on a seasonally adjusted basis for the week ending April 1, with refinance activity leading the way, according to the Mortgage Bankers Association.

JPMorgan Chase, drawing from its experience in the Motor City, has created a $125 million program designed to help community development financial institutions make bigger investments in impoverished neighborhoods.

Home prices rose in February in both yearly and monthly comparisons, according to CoreLogic.

JPMorgan Chase is funding a $125 million, five-year program that will provide affordable housing in communities that are at risk of gentrification.

Ruth Paloma Rivera just bought her first home, battling her way through the paperwork obstacle course that is the post-crisis American banking system.

Landlords can't automatically reject applicants with arrest records under HUD's new fair housing policy.

The agency's insurance-rate cut could spur the rehab of thousands of affordable units, but it's far from a total solution, housing advocates say.

While the percentage of properties with negative equity decreased during 2015, the lowest-priced homes continued to struggle to regain value, according to Black Knight Financial Services.

The USDA mortgage production operation makes up a very small part of JPMorgan Chase's overall lending business.

Richard Dugas plans to retire next year after more than a decade as chief executive officer of U.S. homebuilder PulteGroup Inc., saying the company's founder wants a change.

Fifth Third Bank is offering a teaser rate to new home equity line of credit borrowers through July 31.

The average price of a Manhattan apartment topped $2 million for the first time, reflecting the closing of deals from a high-end buying frenzy that's now showing signs of a slowdown.

The number of misrepresentations in mortgage applications continued to decline in February, benefiting from lenders' increased spending on compliance, said First American Financial Corp.

Genworth Financial Chief Executive Officer Tom McInerney said he's moving with a "sense of urgency" to turn around the insurer after record losses and a stock plunge.

Realogy's NRT subsidiary completed the most residential real estate transactions in 2015, among all brokerage firms.

The housing market is poised to post its best year in a decade, although employers' resistance to giving workers a raise is a major concern, Freddie Mac said.

Interest rates on fixed-rate mortgages were unchanged from last week, Freddie Mac said.

American International Group Inc.'s mortgage insurer, United Guaranty Corp., filed for an initial public offering as the parent company faces sustained pressure from activists to split up.

More of the nation's housing markets are back to or near their normal level, but pockets of weakness remain, according to Freddie Mac.

Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.