Industries

Purchases of previously owned U.S. homes unexpectedly rose in October to a one-year high as low borrowing costs helped sustain the recovery in residential real estate.

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Groundbreaking for single-family homes climbed in October and permits for all future projects reached a six-year high to signal construction will add to economic growth in early 2015.

TD Bank's first Consumer Borrowing Index found that only about half of Home Equity Line of Credit borrowers are using their loan for home improvements.

Experian said that the average nationwide credit score climbed 2 points from last year, to 666.

According to an independent poll commissioned by Discover Home Loans, 89% of homebuyers use some form of online technology during the process of purchasing a home.

Confidence among homebuilders rebounded in November as low interest rates and a strengthening job market helped boost sales.

The Transforming Valuations Award recognizes a technology advancement in the appraisal, broker price opinion or automated valuation sectors. Learn about this year's finalists and see who won the 2014 MT Award.

Colony American Finance has acquired a $165 million portfolio of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund.

Republicans are unlikely to push the ball forward on reform of the federal housing agencies, but Congress has a number of other opportunities to make changes that will encourage mortgage lending.

Community banks, on average, increased the size of their loan portfolios by 15% in the third quarter from a year earlier, though the numbers reveal a slowdown from prior periods.

Applications for new home purchases picked up in October, particularly for higher-priced properties, according to the Mortgage Bankers Association.

A new multifamily investment product will for the first time allow Freddie Mac to buy and guarantee bonds backed by multifamily loans that were originally underwritten by private entities.

One-third of the nation's counties now have access to e-recording software, according to the Property Records Industry Association,

Home values in major metro areas across the country continued to climb in October, according to Quicken Loans.

According to Zillow's latest home price expectation survey, the millennial generation is not buying properties right now because their rents are too high.

Industry observers have mixed reactions on whether next year's Republican-controlled Congress will finally address long-stalled efforts to reform Fannie Mae and Freddie Mac.

Commercial mortgage-backed security delinquencies declined during October, according to Fitch Ratings.

A community revitalization program in the City of Brotherly Love is connecting potential homebuyers to financial institutions, and some credit unions are among those reaping the benefits.