Housing Market

U.S. new home sales tumble after months of strong gains


WASHINGTON, April 23 - - New U.S. single-family home sales in March recorded their biggest drop in more than 1-1/2 years, snapping three straight months of hefty gains, in a temporary setback for the housing market.

Home sales vault to 18-month high as supply improves

WASHINGTON - U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season.

22 Apr 2015

U.S. housing starts data underperforms; jobless claims rise

WASHINGTON - U.S. housing starts rose far less than expected in March and factory activity in the mid-Atlantic region grew modestly this month, suggesting the economy could struggle to rebound from a soft patch hit in the first quarter.

16 Apr 2015

Fannie, Freddie to hold 'g-fees' for mortgages at current levels

WASHINGTON - The regulator of Fannie Mae and Freddie Mac has directed the U.S. housing finance firms to tweak their structure for guarantee fees but said the changes would be "revenue neutral," after launching a review to consider whether to alter the program.

17 Apr 2015

U.S. Fed buys $10.3 billion of mortgage bonds, sells $1.5 billion

NEW YORK - The Federal Reserve bought $10.347 billion of agency mortgage-backed securities in the week

16 Apr 2015

Home builder sentiment rises to 2015 peak: NAHB

NEW YORK - Homebuilder sentiment reversed a three-month slide in April and rose to its best monthly showing of 2015, the National Association of Home Builders said on Wednesday.

15 Apr 2015

Ex-Freddie Mac executives settle SEC fraud lawsuit

NEW YORK - Former Freddie Mac Chief Executive Officer Richard Syron and two other executives have agreed to settle a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors ahead of the 2008 financial crisis.

Mortgages may be a bright spot for U.S. bank results in first quarter

NEW YORK - U.S. bank earnings likely got a lift from mortgage lending in the first quarter, as lower rates spurred a surge in applications to refinance home loans, one of several glimmers of hope for a sector that has lately struggled with weak growth.

Money, 10 Apr 2015

JPMorgan Chase on track to pay $4 billion to homeowners as part of settlement

WASHINGTON - JPMorgan Chase & Co is on track to meet its mandate to provide billions of dollars in consumer relief to struggling homeowners as part of a settlement it reached over bad residential mortgage-backed securities it sold before the financial crisis, an independent monitor said on Thursday.

Canada housing agency to up some mortgage insurance premiums

OTTAWA - Canada's federal housing agency said on Thursday it will increase mortgage loan insurance premiums for home buyers with a less than 10 percent down payment, starting in June.

02 Apr 2015