Housing Market

As scrutiny mounts, mortgage servicers push into lending

Mortgage servicers in the United States are evolving into the next big lenders, sidestepping regulatory scrutiny to win business in a gap left by the retreat of big banks from the home-loan market.

Mortgage applications fall in latest week: MBA

NEW YORK - Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday.

U.S., 30 Jul 2014

U.S. home prices down in May, but consumer confidence strong

NEW YORK - U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.

29 Jul 2014

Goldman mortgage deal with federal agency could reach $1.25 billion: source

NEW YORK - A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.

U.S. new home sales post biggest drop in almost a year

WASHINGTON/NEW YORK - Sales of new U.S. single-family homes fell sharply in June and the prior month's data suffered the biggest downward revision ever, casting a cloud on the housing market recovery and helping to send homebuilder stocks lower.

24 Jul 2014

Pace of U.S. home resales rises to eight-month high

WASHINGTON - U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump.

22 Jul 2014

U.S. regulators, states sue law firms over mortgage relief scams

WASHINGTON - U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.

U.S. housing starts, permits decline in June

WASHINGTON - U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013.

17 Jul 2014

U.S. foreclosure activity hits lowest level since 2006: RealtyTrac

WASHINGTON - Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop through the first half of next year, an industry group said on Thursday.

17 Jul 2014

Fannie, Freddie making risky deals with small lenders: watchdog

WASHINGTON - U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.

17 Jul 2014