Housing

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.

Mortgage applications declined 1.1% on a seasonally adjusted basis for the week ending Dec. 11 compared to a week earlier, according to the Mortgage Bankers Association.

New-home construction rebounded in November, led by gains in single-family dwellings that signal the residential real estate industry will continue to support growth in the world's largest economy.

Affordable apartments have not been this hard to find in decades, and a new Mortgage Bankers Association study suggests there are ways existing public-private partnerships could do more to address the concern.

The agency released a plan Tuesday that would provide incentives for owners of manufactured housing communities to reform their practices if they want to tap financing by Fannie Mae and Freddie Mac.