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 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.
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.
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.
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.
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.
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.
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.
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
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.
Business News Headlines
- Wall Street edges up to extend weekly gains
- U.S. expected to formally blame North Korea for Sony cyberattack |
- Oil rallies over $60, heads for 4th weekly fall on glut
- Russia's parliament rushes through bill boosting banking capital
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- Washington closes out last big position in Wall Street bailout
- Fed creating 'unacceptable' risks to inflation: Kocherlakota
- BlackBerry third-quarter revenue falls more than expected, shares drop
- Sears Canada speeding up investments in turnaround effort: CEO
- Mercedes recalls 8,279 commercial vans in U.S. for possible oil leak