Housing

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.

Mortgage applications fell 1% on a seasonally adjusted basis for the week ending March 25, compared to one week earlier, according to the Mortgage Bankers Association.

Lennar Corp., the second-largest U.S. homebuilder, reported a higher-than-expected profit for its fiscal first quarter as the nation's job gains bolstered demand for real estate purchases.

Home values in 20 U.S. cities kept climbing in January, a sign the limited supply of available properties may push prices out of reach for some buyers.

Contracts to purchase previously owned homes rebounded more than forecast in February as sales picked up in most of the U.S., a good sign as the spring-selling season approaches.

Home prices rose 5.3% in January compared to the previous year, according to Black Knight Financial Services.

Five policy heavy-hitters issued a proposal this week to merge Fannie Mae and Freddie Mac into a single government corporation as a way to move beyond the conservatorships of the two government-sponsored enterprises.

Two senior GOP lawmakers are warning regulators against preferential treatment for housing advocates and nonprofits in sales of nonperforming, government-guaranteed mortgages.

Interest rates on fixed-rate mortgages lowered for the first time in four weeks, Freddie Mac reported.

While the absolute number of housing markets that are less affordable than their historic norms remains small, there is concern over rising home prices forcing consumers out of the market, according to RealtyTrac.

Total mortgage applications declined last week, as volume was once again impacted by the drop-off in refinancings, according to the Mortgage Bankers Association.