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Ginnie Mae will more closely examine liquidity at all issuers in response to complaints by the HUD inspector general that it would be vulnerable to defaults at nonbanks it does business with.
September 27 -
The amount of commercial and multifamily mortgage debt outstanding ticked up from April through June, yet the balance of loans in commercial mortgage-backed securities continued its decline.
September 27 -
Some in the housing industry expressed concern that the plan would double the standard deduction to $24,000 for married couples and $12,000 for individuals—a move that could dramatically lessen the impact of the mortgage interest write-off.
September 27 -
Builder D.R. Horton is revising estimates for cash-flow from operations, certain expenses as a percentage of revenue and its backlog conversion rate in response to recent hurricanes.
September 27 -
Consumer views on the economy and finances are not to blame for the retreat in existing-home sales in four of the past five months, according to the National Association of Realtors.
September 27 -
While millennials were the largest group of home buyers in the past 12 months, many had problems with affordability and the down payment.
September 27 -
California appears unlikely to be able to build enough homes in the coming years to put a meaningful dent in skyrocketing housing prices triggered by a shortage of affordable dwellings.
September 27 -
Bank of America is laying off an undisclosed number of technology and mortgage workers in Charlotte and elsewhere, the latest cuts this year to employees in such roles.
September 27 -
Fewer new homes will be finished and added to the housing stock as construction crews go to Texas and Florida to help repair or replace damaged properties.
September 27 -
Mortgage application activity decreased 0.5% from one week earlier as a decline in refinance volume was only partially offset by an increase in purchases.
September 27 -
Sen. Bob Corker has been a key voice in the housing finance reform debate. His departure at the end of next year puts a deadline of sorts on his efforts to unwind and replace Fannie Mae and Freddie Mac.
September 26 -
Nearly half of the properties are in New York (30.3%), New Jersey (10.4%) or Florida (8.7%), states that require a court to sign off on a foreclosure, a lengthy process that could affect the timing of payments.
September 26 -
Wells Fargo has agreed to "good faith class settlement negotiations" to resolve a lawsuit that alleges the bank was making "stealth" mortgage modifications that could vastly increase homeowners’ borrowing costs, according to a filing Monday in federal bankruptcy court in Charlotte.
September 26 -
The Rockford housing market continues to outpace the rest of Illinois in sales gains and year-over-year price increases, the Rockford Area Realtors said.
September 26 -
Home prices in 20 U.S. cities climbed more than forecast in July, reflecting solid demand against a backdrop of modest listings of properties, figures from S&P CoreLogic Case-Shiller showed.
September 26 -
Consumers across all generations, from millennials to baby boomers, want more online and digital communication with their mortgage lender, according to a survey from Velocify.
September 26 -
A second straight decline in purchases of new homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma.
September 26 -
The former president of a defunct Long Island, N.Y.-based national mortgage lender was sentenced in federal court in Central Islip to three years of probation and ordered to pay $20 million in restitution to taxpayers.
September 26 -
The rate of growth in year-over-year home price appreciation stabilized in July, after accelerating throughout every month this year, according to Black Knight Financial Services.
September 26 -
Here's a look at the 12 cities where homeowners who bought low during the housing crisis profited the most when they sold in 2016.
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