Housing

Sales of previously owned U.S. homes dropped more than forecast in February as low inventory levels continue to limit progress in housing.

The Manufactured Housing Institute is calling on the Federal Housing Finance Agency to push the government-sponsored enterprises to purchase chattel loans.

As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.

Fixed-rate mortgage rates rose for the third straight week, in part due to higher inflation, Freddie Mac reported.

If the Federal Reserve raises short-term rates in June, market volatility will spur investors to buy long-term bonds, driving down the 30-year mortgage rate to around 3%, consultant Barry Habib argues.

It took an average of 46 days to close a residential mortgage loan in February, the shortest closing time since May, according to Ellie Mae.

The Department of Housing and Urban Development's proposed addition to the Housing Choice Voucher Program represents a significant deviation from its stated mission of promoting homeownership.

The downturn in the refinance market led to a decline in total mortgage applications last week, according to the Mortgage Bankers Association.

New-home construction rose more than economists forecast in February, led by the strongest single-family building in more than eight years, signaling continued confidence in demand for residential real estate.

The 30-year fixed-rate mortgage averaged 3.55% for the week ending March 15, according to Zillow Mortgages.