Mortgages

Single-family home sales in the Rockford, Ill., region rose by nearly 11% in May thanks to declining mortgage rates and pent-up demand from winter, the Rockford Area Association of Realtors said.

As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal.

Mortgage lenders might be feeling a little less stressed over False Claims Act actions being brought against them following recent headlines but there is still some work to be done before they can chill out.

On the heels of Independence Day, here's a look at how housing affordability measures up across states occupying America's 13 original colonies.

Mortgages using alternative documentation like bank statements for underwriting performed stronger than expected, but uncertainty remains about their default rates in stressed environments, Fitch Ratings said.

The rate of annual home price appreciation rose again in May, offsetting the affordability gains from declining mortgage rates, according to CoreLogic.

Manhattan home sales perked up in the second quarter from a prolonged slump, as buyers raced to close deals ahead of a July 1 tax increase on higher-priced properties.

House flipping is back in a big way in Ohio, driven by low home prices and strong demand for the finished product.

County supervisors approve a disputed project. Gov. Gavin Newsom agrees to a statewide housing policy. President Trump moves to ease home-construction regulations across the nation.

The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.

The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting.

Former Freddie Mac CEO Donald Layton has joined the Harvard Joint Center for Housing Studies as a senior industry fellow focused on reform of the government-sponsored enterprises.

The mortgage industry is calling for better alignment between the federal government and state of New York regarding proposed regulatory revisions that would affect local servicers.

As 30-year fixed-rate mortgages continue dipping below 4%, June had the most borrowers in position to refinance since late 2016, according to Black Knight.

Genworth Financial is marketing its stake in Genworth MI Canada in a possible last-ditch effort to save the long-delayed proposed acquisition by China Oceanwide.

It's a sign of just how strong the Bakersfield, Calif., single-family home market is that the 1985 house Realtor Leslie Walters is in escrow to sell July 8 was listed $30,000 above the city's $300,000 sweet spot — and still two solid offers came in within a week.

Colorado's hottest real estate market this year isn't Denver or Colorado Springs or Fort Collins. It is Pueblo, which reflects a larger national trend that has buyers scrounging through the bargain bin to find homes they can afford.

Blame increasingly unaffordable housing in wealthier areas — and relatively meager wages in less-affluent ones — for the long-run decline in the share of Americans relocating around the country.

Homebuilders that team with mortgage lenders get higher levels of borrower satisfaction with the finance process, according to a loanDepot study. This comes as more consumers are evaluating financing options first, highlighting an opportunity to reach them earlier on.

A cocktail of simmering home price appreciation, declining mortgage rates and stronger employment shot the country's housing market outlook to a three-year peak, according to Nationwide.