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A slew of Donald Trump's picks won approval by the Senate committees overseeing their official nominations, suggesting that they will face little resistance to approval by the full Senate. The endorsement by the Senate Committee on Banking, Housing, and Urban Affairs,...

The aggregate value of the U.S. housing market is climbing due to the ongoing rise in home equity, according to the Urban Institute's Housing Finance at a Glance Monthly Chartbook for January 2017. The share of homes in the U.S. with negative equity is 6.3 percent...

An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit. The move by the...

Mortgage rates receded for the third week in a row as financial markets reacted to a handful of economic news. The consumer price index grew 2.1 percent, the quickest rate in five years, signaling that inflation is creeping up. The Federal Reserve released its “beige...

One of the ways that businesses have fought back against greater financial regulation since the financial crisis has been to claim that the new oversight threatens the bedrock principle of separation of powers. These arguments have earned some sympathy from the...

It’s a tale that has been told over and over — Millennials just aren't buying homes and instead are sticking to renting. The absence of Millennial homebuyers is a big story for the economy, because housing sales and construction are big drivers of jobs. But it’s also...

In an era of bloated closing times, some lenders are looking to quicken the pace it takes to get a buyer to the settlement table. Some lenders are retooling operations and aiming to close a loan within 21 days. For example, national retail lender CrossCountry Mortgage...

Thinking about buying a home in the near future? You’ll need a solid savings fund to accomplish this goal. In addition to covering such expenses as closing costs, escrow, and initial payments on taxes and insurance, cash is necessary for a down payment on a mortgage....

Mortgage rates pulled back again this week as the exuberance that led to their rapid rise is beginning to temper. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.12 percent with an average 0.5 point. (Points...