Real estate

As the mortgage industry swings more toward purchase loans and away from refinancings, its risk from material misrepresentations increases.

Loan application defect risk continued to decline in May, according to First American Financial Corp.

The Little Rock, Ark., bank got the final regulatory approval it needed to buy C&S and C1, but not before agreeing to address some community reinvestment concerns in the Atlanta market and elsewhere.

Contracts to purchase previously owned homes fell more than projected in May, a sign demand cooled after a robust start to the busiest selling season of the year.

Home prices are more likely to go down in states with economies driven by the energy industry than across the country overall, according to Arch Mortgage Insurance.

Home prices in 20 cities rose at a steady pace in April from a year earlier, a sign demand for residential real estate remains solid enough to support both buyers and sellers, data from S&P/Case-Shiller showed Tuesday.

Home prices continued their upward climb, particularly in the Western part of the country, in April, according to Black Knight Financial Services.

Entry-level home values rose at double the rate of top-tier homes over the past year, according to Zillow.

The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.

Ten banks have invested a total of $25 million in the fund, which buys up mortgage-backed securities tied to loans made for the development or rehabilitation of affordable single- and multi-family homes.

Steve Victor, a 33-year-old IT contractor from London, says he's pulling out of the purchase of a new four-bedroom home in the town of Bedford after Britain voted to leave the European Union.

A popular narrative of the housing market has been that big city prices are locking out young buyers, feeding a cycle in which a growing number of people are forced to rent at ever higher rates as demand overwhelms supply.

Housing markets were less affordable than their historic norms in 18% of counties across the country, according to RealtyTrac.

Mortgage rates are up two basis points over the previous week, but they are not increasing as fast as the benchmark 10-year Treasury yield.

Purchases of new homes declined in May from an eight-year high as the housing market continued to display the choppy progress that's been a hallmark of the recovery.

KB Home is getting a surge of buyers in cheaper suburban areas after spending the past few years focusing on costlier locations, the builder's chief executive officer said.

Foreclosure starts increased last month, moving off their 10-year low, according to Black Knight Financial Services.

More than one in five Americans say the presidential candidates' policies on housing and finance will shape their vote in November.

Sales of previously owned homes climbed in May to the highest level in more than nine years, indicating that demand for residential real estate remains robust.

In something of a cruel irony, homebuilders are finding constraints on construction financing easing, but little in the way of quality lots on which to put up their houses.