Industries

The housing market has been improving but mortgage credit remains "stubbornly" tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.

Consumers are feeling a growing pessimism about the direction of the economy that appears to be spilling over into the housing market in March, Fannie Mae said.

Mortgage rates fell to their lowest level in more than a year, reducing borrowing costs during the peak season for home buying.

According to the American Bankers Association's quarterly report on consumer delinquency trends, late payments on home equity loans and home equity lines of credit have dipped below 15-year averages for the first time since the Great Recession.

Credit market turmoil continued to take a toll on commercial property prices in February, when Moody's/RCA Commercial Property Price Indices national all-property composite index declined for a second consecutive month.

The majority of first-time homebuyers plan to skip the starter-home step and move straight into the home that would meet their long-term needs, according to the Homebuyer Insights Report from Bank of America.

As the pressure builds for mortgage lenders to offer digital — specifically mobile — tools, innovators in the space are encouraging the industry to keep the customer as the focus in designing new offerings.

First-lien mortgage originations totaled $1.82 trillion in 2015, a 43% increase from the previous year, according to Equifax.

Homebuyers in hot housing markets from San Francisco to Brooklyn have grown accustomed to bidding wars, waived home inspections and rapid-fire offers.

Mortgage applications increased 2.7% on a seasonally adjusted basis for the week ending April 1, with refinance activity leading the way, according to the Mortgage Bankers Association.

JPMorgan Chase, drawing from its experience in the Motor City, has created a $125 million program designed to help community development financial institutions make bigger investments in impoverished neighborhoods.

Home prices rose in February in both yearly and monthly comparisons, according to CoreLogic.

Defaults on commercial mortgage-backed securities declined for the fifth straight year in 2015, according to Fitch Ratings.

JPMorgan Chase is funding a $125 million, five-year program that will provide affordable housing in communities that are at risk of gentrification.

Ruth Paloma Rivera just bought her first home, battling her way through the paperwork obstacle course that is the post-crisis American banking system.

Landlords can't automatically reject applicants with arrest records under HUD's new fair housing policy.

The agency's insurance-rate cut could spur the rehab of thousands of affordable units, but it's far from a total solution, housing advocates say.

While the percentage of properties with negative equity decreased during 2015, the lowest-priced homes continued to struggle to regain value, according to Black Knight Financial Services.

The USDA mortgage production operation makes up a very small part of JPMorgan Chase's overall lending business.

Richard Dugas plans to retire next year after more than a decade as chief executive officer of U.S. homebuilder PulteGroup Inc., saying the company's founder wants a change.