Investments

The Community Preservation Corp. says its inaugural sustainability offering is the single largest bond sale by a community development financial institution.

The administration proposed to end the housing trust funds now financed by Fannie Mae and Freddie Mac, and to subject numerous agencies to the congressional appropriations process, among other things.

Simon Property Group agreed to buy rival shopping-mall operator Taubman Centers for about $3.6 billion, a combination that comes as e-commerce continues to roil brick-and-mortar retail.

A city agency that in recent years lost its luster as a place where low-income New Orleanians could go for low-interest mortgages is set to re-emerge as a key player in plans to develop more affordable housing in the city.

Ocwen Financial Corp. is on track to become profitable on a pretax basis by the third quarter without any special items enhancing earnings, according to a preliminary release of its fourth-quarter results.

The strong refinance market in the fourth quarter propelled earnings at three different mortgage-related business that also were dealing with merger and acquisition activity during and after the period.

The U.S. mortgage insurance business remained a bright spot for Genworth Financial, as fourth quarter adjusted operating income increased 29% and new insurance written rose nearly 95% over the prior year.

A booming housing market coupled with low interest rates helped M/I Homes report record results for 2019.

Mortgage refinancings made up slightly under one-third of MGIC Investment Corp.'s new insurance written during the fourth quarter, contributing a significant percentage of its business.

A 10-basis-point year-over-year increase in gross margin on loans sold, along with a nearly 30% increase in origination volume, helped Waterstone Mortgage turn around its fourth-quarter results.

Flasgstar Bancorp's mixed results in its fourth-quarter earnings report are a sign strategic shifts it made to make its earnings less volatile are working.

Bank of America's fourth-quarter mortgage origination volume more than doubled on a year-over-year basis, a faster pace of growth than two of its national banking peers.

Fannie Mae is sponsoring a $1.03B CRT transaction, while Caliber Homes Loans, New Residential and Onslow Bay fill the non-QM pipeline

Fourth quarter gain on sale margin moved in opposite directions at two of the nation's largest banks, falling 9% quarter-over-quarter at JPMorgan Chase, but increasing 25% at Wells Fargo.

State officials are set to grant a private-equity firm building a passenger train to Las Vegas the ability to issue tax-exempt bonds, while requests for using the funding for affordable housing go by the wayside.

The U.S. Supreme Court may soon decide if it will intervene in a high-stakes fight over the government-sponsored enterprise net worth sweep.

Stock prices rose for publicly-traded homebuilders after Lennar Corp.'s fourth-quarter orders and revenue beat estimates, even as home prices fell in the quarter.

A development partnership is positioned to start building a low-income housing tower in Pawaa later this year following a recent tentative endorsement by the state of Hawaii to finance the $89 million project.

There are an estimated 46,000 vacant homes in the San Francisco Bay Area, a surprising number in a region beset by a crippling housing shortage.

Instability among foreign relations typically drags down long-term interest rates and the latest crisis with Iran could be a catalyst for a drop in 2020, according to NerdWallet.