Wells Fargo & Co will move the New York headquarters of its investment banking and securities business to Hudson Yards, the mammoth project under construction on Manhattan's West Side, in 2020, developers of the site said on Friday.
WASHINGTON Factory activity in the Midwest shrunk in November and contracts to buy previously owned U.S. homes rose marginally, the latest suggestions that economic growth will probably remain modest in the fourth quarter.
NEW YORK, The Federal Reserve bought $4.138 billion of agency mortgage-backed securities in the week from Nov. 26 to Dec. 2, compared with $5.974 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
Annualized U.S. single-family home prices rose in September at a faster pace than in August and above market expectations, a closely watched survey showed on Tuesday.
WASHINGTON U.S. home resales fell in October as a persistent shortage of properties limited choice for potential buyers and pushed up prices, suggesting some softening in the pace of the housing market recovery after strong gains early this year.
WASHINGTON U.S. housing starts in October fell to a seven-month low, weighed down by a steep decline in the construction of multi-family homes, but a surge in building permits suggested the housing market remained on solid ground.
If the pace of growth in commercial real estate and risk-taking in some corporate loans continue unabated, they could become arguments for slightly faster interest-rate increases, Boston Fed President Eric Rosengren said in an interview with the Financial Times published on Sunday.
Wells Fargo & Co will pay $81.6 million to homeowners for denying them a chance to challenge mortgage payment increases imposed during their bankruptcy proceedings, the U.S. Justice Department said on Thursday.
WASHINGTON Mortgage finance companies Fannie Mae and Freddie Mac must by law do more in underserved markets, their federal conservator said on Tuesday, unveiling a proposal that would have them help finance manufactured homes, support affordable housing and strengthen lending in rural areas.
SEATTLE Seattle Mayor Ed Murray signed an ordinance into law on Tuesday he says will add 6,000 living units for low-income residents over the next decade to be paid for by fees on private developers.
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