NEW YORK - A federal judge has dismissed a lawsuit brought by Massachusetts Attorney General Martha Coakley that accused mortgage finance giants Fannie Mae and Freddie Mac of violating a state law meant to prevent financially troubled residents of the state from losing their homes.
NEW YORK - Applications for U.S. home mortgages rose last week as refinancing picked up following a sharp drop in interest rates, an industry group said on Wednesday.
WASHINGTON - U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.
- The Architecture Billings Index, an indicator of U.S. non-residential building activity, rose in September due to an increase in demand for institutional projects.
NEW YORK - Ocwen Financial Corp may have harmed hundreds of thousands of borrowers by sending backdated letters about loan modifications and foreclosures, New York state's financial regulator said on Tuesday, sparking a selloff in shares of the mortgage servicer.
LAS VEGAS - The regulator of Fannie Mae and Freddie Mac said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit.
- Fannie Mae and Freddie Mac , their regulator and lenders are close to an agreement that could expand mortgage credit while helping lenders protect themselves from charges of making bad loans, the Wall Street Journal reported.
NEW YORK - U.S. homebuilder sentiment fell in October, pulling back by the most since February on the heels of a strong reading the previous month, as builders' notions of the strength of housing market moderated, data from the National Association of Home Builders showed on Thursday.
WASHINGTON - Foreclosure activity across the United States declined last month to the lowest level since July 2006, as banks reclaimed fewer homes, according to a report released on Thursday.
NEW YORK - The Federal Reserve bought $5.132 billion of agency mortgage-backed securities in the week from Oct. 9 to Oct. 15, compared with $5.928 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
Business News Headlines
- Asia stocks hobbled by growth woes, China PMI fails to impress
- Bond funds stock up on Treasuries in prep for market shock
- Buffett copycats risk a pounding as Berkshire portfolio suffers
- Exclusive: U.S. stock options markets agree to need for trading halts on big moves
- AT&T revenue misses forecasts as more customers bring own phones |
- U.S. prosecutors probe Takata Corp over statements: WSJ
- U.S. inflation muted in September as energy costs drop |
- Divided SEC adopts mortgage rule, decries lax lending
- Online financing, rising costs squeeze profits at China's midsize banks
- P&G shuffles management, focuses on streamlining co