Housing Market

Housing nominee vows to divest bank stock if confirmed

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WASHINGTON - Representative Mel Watt, nominated by President Barack Obama to serve as a top housing regulator, plans to divest bank stock he owns if confirmed in the post, according to a statement filed with the Office of Government Ethics.

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April housing starts plummet from almost 5-year high

WASHINGTON - Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector could still contribute to the strengthening economic recovery.

16 May 2013

Fed buys $17.3 billion of mortgage bonds, sells $2.2 billion

NEW YORK - The Federal Reserve bought $17.3 billion of agency mortgage-backed securities from May 9 through May 15, a tad less than the $17.8 billion it purchased last week, the New York Federal Reserve Bank said on Thursday.

16 May 2013

Lacker says Fed should get out of mortgage market

BALTIMORE - An improving U.S. housing market suggests it is time for the Federal Reserve to stop aiming its stimulus at the real estate sector, Richmond Fed President Jeffrey Lacker said on Wednesday.

15 May 2013

Paulson raised bet on mortgage insurers in first quarter: filing

BOSTON - Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead.

15 May 2013

Home builder sentiment gains in May: NAHB

NEW YORK - Homebuilder sentiment rose in May as sales conditions improved, suggesting the housing market recovery still has momentum, data from the National Association of Home Builders showed on Wednesday.

15 May 2013

Mortgage applications drop as rates rise: MBA

NEW YORK - Applications for home mortgages fell last week for the first time in more than a month as interest rates jumped, sapping demand for refinancing, an industry group said on Wednesday.

15 May 2013

Insight: Housing improvement may herald return of U.S. workforce mobility

NEW YORK/WASHINGTON - When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he would be able to sell his home quickly.

Money, U.S. 13 May 2013

Fed's Duke says sustained housing recovery under way

WASHINGTON - A top Federal Reserve official said a recovery has taken root in the U.S. housing market but that resolving uncertainty over mortgage regulations would make the recovery stronger.

09 May 2013

Unclear whether Fed's bond buying has helped economy: Fisher

- While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday.

8:36am EDT

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