Housing Market

Fannie Mae, Freddie Mac to lose market share to private capital: CBO


WASHINGTON - America's government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday.

Ocwen being examined over whether it delayed home sales: Bloomberg

- Ocwen Financial Corp is facing scrutiny from New York state and the federal government over whether the mortgage servicer improperly stalled short sales of property to collect more fees, Bloomberg reported, citing sources.

18 Dec 2014

Homebuilder sentiment edges lower in December: NAHB

NEW YORK - U.S. homebuilder sentiment declined slightly in December, though overall sentiment figures among builders remained stronger than in the first half of 2014, the National Association of Home Builders said on Monday.

15 Dec 2014

Asking prices for UK homes suffer record fall: Rightmove

LONDON - Asking prices for homes on sale in Britain posted the largest monthly fall on record in December but are likely to rise by between 4 and 5 percent next year, property website Rightmove said on Monday.

14 Dec 2014

Japan short-term home rental market shows promise but rewards slow to come

TOKYO - Japan seems to have the right mix for developing a vibrant short-term home rental market: a rapidly growing tourism industry, a cheap currency and - unlike many countries - 8 million vacant homes.

14 Dec 2014

Drop in repossessions cut U.S. foreclosure activity in November

WASHINGTON - Foreclosure activity across the United States fell in November as banks repossessed fewer homes and scheduled a lower number of auctions, according to a report released on Thursday.

11 Dec 2014

U.S. loan demand for new homes drops 22 percent in November: MBA

NEW YORK - U.S. mortgage applications to purchase new homes fell 22 percent in November from October, as first-time home buyers struggled to obtain loans due to tight credit conditions, the Mortgage Bankers Association said on Thursday.

11 Dec 2014

Regulator tells Fannie, Freddie to fill affordable-housing fund

WASHINGTON - Fannie Mae and Freddie Mac's regulator on Thursday directed the two government-controlled mortgage firms to begin setting aside money for an affordable-housing fund established in 2008, saying they are financially fit enough to do so.

Defunct U.S. lender did not overcharge homeowners: lawyer

NEW YORK - A mortgage lender and a mortgage servicer that were owned by banks that became part of Wells Fargo & Co did not cheat homeowners by charging excessive fees, a defense lawyer told a Manhattan federal jury on Tuesday. | Video

09 Dec 2014

U.S. mortgage finance firms launch lower downpayment programs

WASHINGTON - The two top U.S. mortgage finance firms on Monday launched programs to allow more borrowers to make downpayments as low as 3 percent of a property's value, but with tighter lending standards aimed at keeping default rates low.

08 Dec 2014