Housing

A major investor in insurance giant American International Group is calling on the company to break itself up into three companies to get out from under its designation as one of only four systemically risky nonbanks.

Consumer demand to purchase housing increased slightly in September, compared to a year earlier, according to Redfin.

Mortgage application volume fell 3.5% on a seasonally adjusted basis for the week ending Oct. 23, compared to the previous week.

Department of Housing and Urban Development staff are working on a revision to the agency's condo rule and "we anticipate a rulemaking process," HUD Secretary Julian Castro said this week.

Flagstar Bancorp reported a third-quarter profit, as it originated more residential mortgages and recorded higher fee income.

Home prices in 20 U.S. cities rose at a faster pace in the year ended August, a sign the industry continues to strengthen on improving demand.

The financial condition of the Federal Housing Administration’s mortgage insurance fund has improved “significantly” over the past year, Department of Housing and Urban Development Secretary Julian Castro predicted late Monday.

First Mortgage Corp. in Ontario, Calif., has stopped originating mortgages and plans to cease operations.

The homebuilder says his mortgage shop was ready for the new mortgage disclosures. No problems so far.

Home prices increased 0.3% from July and 5.5% year-over-year in August, putting them just below their precrisis peak, according to Black Knight Financial Services.