Housing Market
Mortgage applications up on refi demand: MBA
NEW YORK - Applications for home mortgages rose last week, fueled by demand for refinancings as mortgage rates hit fresh record lows, an industry group said on Wednesday.
Commercial real estate services expanding in U.S
NEW YORK - New commercial real estate brokerages are launching in the United States, in what may be a sign that the market's recovery is durable.
Corrected: Fannie Mae narrows CEO search to two: WSJ
- Fannie Mae could soon offer its top job to Timothy Mayopoulos, the government-controlled mortgage firm's general counsel, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Housing chief hits road to spur mortgage relief
WASHINGTON - President Barack Obama's housing secretary has launched a roadshow to ensure the benefits of the $25 billion mortgage settlement with the nation's biggest banks will live up to the hype, ahead of the November presidential election.
Regulator warns on banks' ability to manage risk
WASHINGTON - Banks' ability to manage risk and their operations is an increasing concern for regulators, the main supervisor of national banks said on Wednesday.
Foreclosed Americans find way back to homeownership
NEW YORK - When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners.
Housing starts add to recovery signs
WASHINGTON - A rebound in groundbreaking for homes in April suggested the housing market recovery was gaining some traction, even though permits for future building fell.
BofA hiking relocation aid for troubled homeowners
- Bank of America Corp said on Tuesday it had launched a nationwide program that offers increased relocation payments to delinquent mortgage customers who complete qualifying short sales.
Regulator balks at California foreclosure fixes
WASHINGTON - The housing regulator for mortgage-giants Fannie Mae and Freddie Mac on Tuesday said laws under consideration in California to halt illegal foreclosures could restrict mortgage credit and hamper necessary home seizures.
In good news for Obama, housing markets improve in key states
WASHINGTON - Kathleen and Brett Sache are building a six-bedroom, six-bathroom home of their dreams in a sought-after corner of northern Virginia after taking encouragement from a robust local market.
Business News Headlines
- U.S. data, Europe woes to set tone
- J.P. Morgan replaces prime brokerage chief: report
- Spain region, Greek exit warnings rattle euro zone
- Spain's Bankia eyes stake sales after record bailout
- Canada's RIM to cut at least 2000 jobs: report
- Minute by minute, Nasdaq chaos engulfed Facebook IPO
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- Tax could cost UBS up to 10 percent of Europe assets
- EU says China, U.S. also have economic work to do
- Nomura linked to another insider trading case: sources
- Poland's PGNiG wants to invest $14 billion over 10 years: paper
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