Housing Market

U.S. mortgage applications fell last week: MBA

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NEW YORK - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said on Wednesday.

U.S. home resales hit 1-1/2 year low, but may be stabilizing

WASHINGTON - U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end.

22 Apr 2014

New York regulator probes Ocwen Financial for possible 'self-dealing'

- New York's banking regulator is probing Ocwen Financial Corp , which collects mortgage payments, for possibly over-charging borrowers and investors to auction off foreclosed properties.

21 Apr 2014

Canny Australians build a bulwark out of housing debt

SYDNEY - The adage "safe as houses" has been an oxymoron since the global financial crisis. But it still has a resonance for Australians who use their homes as a piggy bank, salting away money by paying down their mortgages at a breakneck pace.

Money, 16 Apr 2014

Watchdog warns about big banks' use of government-affiliated loans

WASHINGTON - A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower defaulted.

Scarce land could blunt recovery for U.S. homebuilders

- A resurgent U.S. housing market has created an unforeseen land shortage that could take the shine off an otherwise promising year for homebuilders.

15 Apr 2014

Housing industry asks $5 trillion question: what does Watt want?

WASHINGTON - The U.S. housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac , and has been frustrated by his silence.

14 Apr 2014

Deutsche Bank wins dismissal of FHFA case

NEW YORK - Deutsche Bank AG has won dismissal of a lawsuit seeking to have it cover government-sponsored Freddie Mac's losses on defective mortgage securities purchased from a more than $1.4 billion trust.

Fannie, Freddie shareholders lobby against U.S. housing reform bill

WASHINGTON - A coalition of investors in Fannie Mae and Freddie Mac on Wednesday launched an effort to stop Congress from moving ahead with a U.S. housing finance reform bill, arguing it would deny them a fair share in any remaining value in the two companies.

09 Apr 2014

After hard winter, U.S. housing industry sees signs of pickup

NEW YORK - In Indianapolis, an open house event tends to draw 10 people on a good day.

04 Apr 2014