Housing

Manhattan's luxury-home market is losing its luster.

Property Assessed Clean Energy loans have been available in Florida since 2010, but lending, as well as securitization of these loans, has lagged far behind California largely due to a series of lawsuits challenging the program's validity.

Interest rates on fixed-rate mortgages remained largely unchanged this week, according to Freddie Mac.

Bill de Blasio's plan to create apartments for New York's poor and middle class has come under fire from community leaders who say that what developers and the mayor call "affordable" remains out of reach for those in need.

Senior citizens' equity in their homes rose by about $147 billion to $5.76 trillion, from the second quarter to the third quarter, according to the National Reverse Mortgage Lenders Association.

New homes sold at a slower pace than projected in November, a sign momentum in housing is cooling as the year draws to a close.

Mortgage applications increased 7.3% on a seasonally adjusted basis for the week ending Dec. 18, compared to a week earlier, according to the Mortgage Bankers Association.

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

Sales of previously owned homes slumped in November to the lowest level since April of last year as a change in industry rules lengthened the amount of time it took buyers to close on a deal.

Home prices are likely to decline because of the increase in short-term interest rates, but observers are split on whether it will hurt or help sales.

Home prices rose in October as the improving job market stirred competition for a dwindling inventory of listings.

One factor usually overlooked is the supply of single-family homes that are locked up as rentals.

The recovery in the housing market will slow dramatically over the next 10 months, according to Weiss Analytics.

Multifamily properties are getting pricy and new construction is putting upward pressure on vacancy rates, worrying banking regulators.

National Cooperative Bank has formed a partnership to invest $40 million in an effort to provide loans for resident-owned manufactured home communities.

Freddie Mac will begin issuing single-family mortgage-backed securities sometime next year via the new common securitization platform, the Federal Housing Finance Agency said Thursday.

Lenders continued to ease loan standards across all types of mortgage products in the fourth quarter and they expect the trend to continue, according to Fannie Mae.

Mortgage rates increased for the second week in a row as the Federal Reserve decided to raise short-term interest rates for the first time in nearly a decade.

Mortgage stocks for the most part saw price per share gains in the wake of the Federal Open Markets Committee decision to raise short-term rates.

Real estate finance services provider Chronos Solutions in Frisco, Texas, has acquired San Diego-based mortgage technology company Cogent Road.