Housing Market

U.S. existing home sales hit one-year high in October


WASHINGTON - U.S. home resales jumped to their highest level in more than a year in October and outpaced the sales level a year ago for the first time in 2014, further evidence the housing market is on a recovery path.

U.S. housing finance regulator leaves loan limits mostly unchanged

WASHINGTON - The top U.S. housing finance regulator said on Monday it would leave unchanged next year the maximum loan size that government-controlled Fannie Mae and Freddie Mac can guarantee.

U.S. housing regulator to unveil mortgage fees framework in 2015

WASHINGTON - The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees.

Elizabeth Warren 19 Nov 2014

Gradual U.S. housing recovery on track as single-family starts rise

WASHINGTON - Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/2-year high, suggesting the housing market was still on a recovery path.

19 Nov 2014

Fannie Mae, Freddie Mac adjust loan repurchase rules

- Fannie Mae and Freddie Mac said on Thursday they have revised their representation and warranty framework in an attempt to reduce concerns among lenders about the risk on buying back loans sold to the two federal mortgage finance agencies.

21 Nov 2014

U.S. Architecture Billings Index falls in October

- The Architecture Billings Index, an indicator of U.S. non-residential building activity, fell slightly in October, the American Institute of Architects (AIA) said on Wednesday.

19 Nov 2014

U.S. home builder sentiment rises in November: NAHB

NEW YORK - U.S. homebuilder sentiment rose in November, rebounding from its biggest drop since February in the prior month as builders' notions of the strength of housing market improved, the National Association of Home Builders said on Tuesday.

18 Nov 2014

U.S. top court to hear Bank of America cases on second mortgages

WASHINGTON - The U.S. Supreme Court agreed on Monday to hear two cases brought by Bank of America Corp questioning whether a second mortgage on an "underwater" house - one with a mortgage balance exceeding its current value - can be voided during bankruptcy.

17 Nov 2014

Canadian home sales rise in October

TORONTO - Sales of existing homes in Canada edged higher in October from September, suggesting Canada's housing market was carrying some momentum into the traditionally slower winter months, the Canadian Real Estate Association said on Monday.

17 Nov 2014

U.S. mortgage insurance fund builds capital, back in black

WASHINGTON - A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it had to draw taxpayer funds for the first time.

17 Nov 2014