Mortgage applications up for first time in weeks - Wed, 27 Aug 2008 11:23:18 GMT
U.S. mortgage applications rose for the first time in three weeks as interest rates edged lower, an industry group said on Wednesday.
|
Builders get creative to lure homebuyers - Wed, 27 Aug 2008 16:05:59 GMT
 Homebuilders are always trying to sell their homes, but these days they have an extra incentive — beating the clock.
|
In housing market, ‘hints of a bottom’ - Tue, 26 Aug 2008 20:33:06 GMT
 The ongoing slide in home prices seems to be nudging some buyers back into the market. But a broad recovery still faces headwinds of rising unemployment, tighter credit and a huge inventory of unsold homes.
|
Fannie Mae unveils management shakeup - Thu, 28 Aug 2008 09:28:42 GMT
 Mortgage-finance company Fannie Mae on Wednesday announced a management shake-up in an effort to come to grips with mounting credit losses and a shrinking capital base.
|
Home prices drop by a record amount - Tue, 26 Aug 2008 15:05:39 GMT
 Home prices dropped by the sharpest rate ever in the second quarter, new data show, but the data suggest the severity of the housing slump may be waning.
|
New-home sales rose unexpectedly in July - Tue, 26 Aug 2008 14:47:46 GMT
 Sales of new homes posted an unexpected gain in July as heavily discounted properties enticed cautious house hunters to become home buyers.
|
Existing-home sales rose 3.1 percent in July - Mon, 25 Aug 2008 23:22:07 GMT
 Sales of existing homes rose in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust.
|
Merrill Lynch agrees to $7 billion settlement - Fri, 22 Aug 2008 20:54:10 GMT
Federal regulators say Merrill Lynch & Co. will buy back up to $7 billion in auction-rate securities over its role in selling the risky bonds to retail investors.
|
Fannie, Freddie rescue plans spark anxiety - Thu, 21 Aug 2008 23:04:53 GMT
A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants as assets.
|
After negative report, appraisers call for reform - Wed, 20 Aug 2008 23:23:11 GMT
Four national associations of real estate appraisers have asked Congress for major regulatory reforms in the wake of an Associated Press investigation that identified key failings within the existing system.
|
Oops! McCain forgets how many houses he owns - Thu, 21 Aug 2008 17:05:27 GMT
 Days after he cracked that being rich in the U.S. meant earning at least $5 million a year, Republican presidential candidate John McCain acknowledged that he wasn't sure how many houses he and his wealthy wife actually own.
|
Fannie, Freddie woes raising mortgage rates - Wed, 20 Aug 2008 15:03:05 GMT
Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage finance companies’ is raising interest rates, fees, closing costs.
|
Mortgage applications sink to multiyear low - Wed, 20 Aug 2008 12:41:06 GMT
Mortgage application volume fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday.
|
New home construction falls to 17-year low - Tue, 19 Aug 2008 15:22:41 GMT
 Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday.
|
Foreclosures likely skewing housing indicator - Tue, 19 Aug 2008 20:42:25 GMT
As if the housing market wasn’t scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market’s health.
|
'Liar loans' threaten to prolong mortgage mess - Mon, 18 Aug 2008 18:46:58 GMT
 The nation's struggling housing market, already awash in subprime foreclosures, is now getting hit with a second wave of losses as homeowners with liar loans default in record numbers.
|
Mortgage mess front page -
|
