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To meet a 20% down payment, homebuyers on average have to spend more than two-thirds of the average annual income, according to a report from Zillow.
January 13 -
The Federal Housing Administration program could see a $50 billion increase in single-family loan endorsements this year if a planned 25-basis-point annual premium cut goes into effect on Jan. 27.
January 13 -
JPMorgan Chase's net mortgage banking revenue for the fourth quarter was $1.69 billion, an increase of just 1% over the same period in 2015.
January 13 -
The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.
January 13 -
Higher interest rates will add stress for millennials looking to buy a home, according to an analysis from Fitch Ratings.
January 13 -
Mortgage industry hiring and new job appointments for the week ending Jan. 13.
January 13 -
Bank of America Corp.'s fourth-quarter mortgage revenue almost doubled to $519 million from a year earlier.
January 13 -
Banks have started reconsidering how much they are willing to pay for low-income housing tax credits as expectations of a Trump tax cut surge, slowing down some projects already and threatening developers with heavier financing burdens.
January 13 -
PNC's fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.
January 13 -
The Trump administration gave the first clear sign Thursday that it intends to dismiss Consumer Financial Protection Bureau Director Richard Cordray.
January 12