Housing

In this slowing economic recovery, the housing market is showing signs of resilience but still faces long-term challenges, according to a report from Stifel Nicolaus & Co.

Fifth Third's mortgage division has launched the Community Reinvestment Mortgage Special, a program designed to cover closing costs for mortgage customers buying or refinancing homes in low-income areas.

Contract signings to purchase previously owned homes unexpectedly declined in August for just the second time this year, signaling residential real estate might have difficulty building on recent momentum.

Roughly 60% of borrowers who used a mortgage to buy a home in Des Moines during the first half of 2015 were aged 25 to 34.

Fannie Mae will be facing more competition in the HFA market as Freddie Mac and the FHLBs become more active.

In the communities hardest hit by the housing crisis, some credit policy loosening will be needed to help the recovery, according to Pro Teck Valuation Services.

Sales of single-family homes and condos are on pace to reach an eight-year high this year, according to RealtyTrac's U.S. Home Sales Report for August.

Officials signaled that Hudson City Savings Bank's nearly $33 million settlement over redlining charges is only the first in what is likely to be a string of other cases.

Inclusionary housing policies can help reduce economic discrimination in neighborhoods that are gentrifying rapidly, according to a think tank's report.

Federal officials on Thursday ordered Hudson City Savings Bank to pay more than $27 million to resolve redlining allegations, the largest order of its kind and one that is likely to put larger banks on notice that redlining cases will be aggressively pursued.