WASHINGTON - U.S. home resales jumped to their highest level in more than a year in October and outpaced the sales level a year ago for the first time in 2014, further evidence the housing market is on a recovery path.
WASHINGTON - The top U.S. housing finance regulator said on Monday it would leave unchanged next year the maximum loan size that government-controlled Fannie Mae and Freddie Mac can guarantee.
WASHINGTON - The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees.
WASHINGTON - Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/2-year high, suggesting the housing market was still on a recovery path.
- Fannie Mae and Freddie Mac said on Thursday they have revised their representation and warranty framework in an attempt to reduce concerns among lenders about the risk on buying back loans sold to the two federal mortgage finance agencies.
- The Architecture Billings Index, an indicator of U.S. non-residential building activity, fell slightly in October, the American Institute of Architects (AIA) said on Wednesday.
NEW YORK - U.S. homebuilder sentiment rose in November, rebounding from its biggest drop since February in the prior month as builders' notions of the strength of housing market improved, the National Association of Home Builders said on Tuesday.
WASHINGTON - The U.S. Supreme Court agreed on Monday to hear two cases brought by Bank of America Corp questioning whether a second mortgage on an "underwater" house - one with a mortgage balance exceeding its current value - can be voided during bankruptcy.
TORONTO - Sales of existing homes in Canada edged higher in October from September, suggesting Canada's housing market was carrying some momentum into the traditionally slower winter months, the Canadian Real Estate Association said on Monday.
WASHINGTON - A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it had to draw taxpayer funds for the first time.
Business News Headlines
- Wall Street hits new records, but telecom weighs on Dow
- United Tech CEO steps down, replaced by CFO in abrupt change
- RenaissanceRe to buy Platinum Underwriters for $1.9 billion
- U.S. services sector activity grows, November rate slows: Markit
- Some fund managers see oil falling to $60 without OPEC cut
- Visteon eyes $3.6 billion sale of South Korean unit: reports
- Strategist Bernstein sees more equity gains, likes high-yield munis
- Carlyle seeking $5 billion for fund with longer life: Bloomberg
- Stalled Greek bailout talks to resume in Paris on Tuesday
- Two more deaths identified by GM ignition-switch program