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Rising sales point to better year for housing (AP)
Wed, 22 Feb 2012 18:36:40 GMT

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)AP - The housing market is flashing signs of health ahead of the spring-buying season.


Home resales at 1-1/2 year-high, supply falls (Reuters)
Wed, 22 Feb 2012 18:36:05 GMT

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.


U.S. mortgage applications sagged last week: MBA (Reuters)
Wed, 22 Feb 2012 12:03:09 GMT
Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
Fannie, Freddie need to tighten legal expenses: regulator (Reuters)
Wed, 22 Feb 2012 05:32:31 GMT
Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
Watchdog: Limit Fannie, Freddie legal fees more (AP)
Wed, 22 Feb 2012 05:08:33 GMT
AP - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
Regulator outlines new plan for Fannie, Freddie (Reuters)
Tue, 21 Feb 2012 19:46:58 GMT

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.


Gov't seeks smaller role for Fannie, Freddie (AP)
Tue, 21 Feb 2012 18:17:41 GMT
AP - The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market.
Fed's housing blueprint is lost in din of politics (Reuters)
Tue, 21 Feb 2012 13:30:57 GMT

U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, in this February 7, 2012 file photograph. Federal Reserve officials' exploration of a different way to shore up the economic recovery has put itself in the sights of Republicans angry at what they saw as election-year meddling, an intrusion on Congress' turf and a veiled attempt to further the Obama administration's agenda. REUTERS/Jason Reed/FilesReuters - In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for the battered housing market.


Foreclosure abuse rampant across U.S., experts say (Reuters)
Fri, 17 Feb 2012 07:25:51 GMT
Reuters - A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.
Nevada foreclosure rate down, but still top in US (AP)
Thu, 16 Feb 2012 17:17:13 GMT
AP - Nevada has posted the nation's highest foreclosure rate for 61st month in a row, even though foreclosure activity is down 52 percent from a year ago.
Fewer Americans at risk of foreclosure in Q4. (AP)
Thu, 16 Feb 2012 15:57:44 GMT
AP - The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work.
Rate on 30-year mortgage stays at record 3.87 pct. (AP)
Thu, 16 Feb 2012 15:39:20 GMT
AP - The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance.
Colo. foreclosure filings, sales drop in January (AP)
Thu, 16 Feb 2012 15:36:46 GMT
AP - Foreclosure filings in large Colorado counties continue declining, according to a state report released Thursday.
Mortgage rates for the past 52 weeks, at a glance (AP)
Thu, 16 Feb 2012 15:13:12 GMT
AP - Mortgage rates for the past 52 weeks, at a glance
The U.S. foreclosure crisis, Beverly Hills-style (Reuters)
Thu, 16 Feb 2012 12:19:33 GMT
Reuters - The careworn house not far from Santa Monica Boulevard resembles millions of other homes that have been foreclosed on since the calamitous U.S. housing crash four years ago.
Foreclosure activity edges higher in January (AP)
Thu, 16 Feb 2012 06:12:49 GMT

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)AP - Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims.


House panel wants session with ex-Countrywide CEO (AP)
Wed, 15 Feb 2012 23:56:33 GMT
AP - House investigators want to interview Angelo Mozilo, the former Countrywide Financial Corp. chief executive whose VIP program gave discounted mortgages to member of Congress, other government officials and influential people who could help the company.
Citigroup pays $158 million in mortgage fraud pact (Reuters)
Wed, 15 Feb 2012 23:21:20 GMT
Reuters - Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.
Homebuilder optimism rises for 5th straight month (AP)
Wed, 15 Feb 2012 22:01:19 GMT

In this Feb. 13, 2012 photo, a builder works on a new single-family home in North Andover, Mass. U.S. homebuilders are gradually growing more optimistic about the depressed housing market and believe homes sales could pick up sharply at the beginning of 2012. (AP Photo/Elise Amendola)AP - U.S. homebuilders are gradually growing more optimistic about the depressed housing market and believe homes sales could pick up sharply when the spring buying season begins.


Citigroup pays $158M to settle mortgage fraud (AP)
Wed, 15 Feb 2012 21:40:06 GMT
AP - Citigroup has agreed to pay $158.3 million to settle claims that its mortgage unit duped the U.S. government into insuring risky mortgage loans for over six years.