Housing Market

Pending home sales give hopeful sign for U.S. housing market

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WASHINGTON - Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in February, a sign the lackluster recovery in the U.S. housing market could be accelerating.

U.S. housing regulator issue final rule on trust fund allocations

WASHINGTON - The regulator for the nation's two biggest housing finance firms issued a final rule on Thursday keeping in place restrictions on how the firms deal with the costs of their contributions to a national housing trust fund.

26 Mar 2015

U.S. mortgage applications rise in latest week: MBA

NEW YORK - Applications for U.S. home mortgages rose last week as interest rates dropped to their lowest level since February, an industry group said on Wednesday.

25 Mar 2015

U.S. new home sales hit seven-year high in February

New U.S. single-family home sales surged in February to their highest level in seven years despite harsh winter weather, in a hopeful sign for the housing market. | Video

24 Mar 2015

Spring break: Homebuilders confident as warm weather approaches

- U.S. homebuilders are gearing up for a sharp rise in demand this spring as Americans become more confident about keeping their jobs and are encouraged by easing access to credit.

20 Mar 2015

Ocwen to sell additional $25 billion of loan servicing rights to Nationstar

- Ocwen Financial Corp said it would sell an additional $25 billion of servicing rights on agency loans to a subsidiary of Nationstar Mortgage Holdings Inc, its fourth such deal in two months.

24 Mar 2015

Ocwen rejects allegations of poor mortgage servicing practices

- Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer.

Money, 23 Mar 2015

Homebuilder Lennar's profit beat signals improving demand

- Lennar Corp reported better-than-expected quarterly profit and revenue as it sold more homes at higher prices, and the company said early signs for the spring selling season indicated demand in the U.S. housing market was improving.

19 Mar 2015

U.S. mortgage applications fall in latest week: MBA

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

18 Mar 2015

Fannie, Freddie could need another bailout as risks rise: watchdog

WASHINGTON - U.S. housing finance companies Fannie Mae and Freddie Mac could require more bailouts from U.S. taxpayers as risks are rising due to shrinking reserves, an internal watchdog for the firms' regulator said on Wednesday.

Money 18 Mar 2015