Housing Market

Canny Australians build a bulwark out of housing debt


SYDNEY - The adage "safe as houses" has been an oxymoron since the global financial crisis. But it still has a resonance for Australians who use their homes as a piggy bank, salting away money by paying down their mortgages at a breakneck pace.

Watchdog warns about big banks' use of government-affiliated loans

WASHINGTON - A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower defaulted.

Scarce land could blunt recovery for U.S. homebuilders

- A resurgent U.S. housing market has created an unforeseen land shortage that could take the shine off an otherwise promising year for homebuilders.

15 Apr 2014

Housing industry asks $5 trillion question: what does Watt want?

WASHINGTON - The U.S. housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac , and has been frustrated by his silence.

14 Apr 2014

Deutsche Bank wins dismissal of FHFA case

NEW YORK - Deutsche Bank AG has won dismissal of a lawsuit seeking to have it cover government-sponsored Freddie Mac's losses on defective mortgage securities purchased from a more than $1.4 billion trust.

Fannie, Freddie shareholders lobby against U.S. housing reform bill

WASHINGTON - A coalition of investors in Fannie Mae and Freddie Mac on Wednesday launched an effort to stop Congress from moving ahead with a U.S. housing finance reform bill, arguing it would deny them a fair share in any remaining value in the two companies.

09 Apr 2014

After hard winter, U.S. housing industry sees signs of pickup

NEW YORK - In Indianapolis, an open house event tends to draw 10 people on a good day.

04 Apr 2014

U.S. mortgage applications fell last week: MBA

NEW YORK - Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said on Wednesday.

02 Apr 2014

U.S. apartment vacancy rate falls in first quarter

- The U.S. apartment vacancy rate fell to 4 percent in the first quarter of 2014 as the market's recovery stretched into its fourth year, according to real estate research firm Reis Inc.

01 Apr 2014

Jobless claims, factory data put some shine on economy

WASHINGTON - New claims for jobless benefits hovered near their pre-recession levels last week and manufacturing in the Mid-Atlantic region accelerated in April, suggesting an upswing in economic activity after a brutally cold winter.

17 Apr 2014