Housing Market

Judge dismisses Massachusetts suit against Fannie, Freddie


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.

U.S. mortgage applications rose last week: MBA

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.

22 Oct 2014

U.S. existing home sales at one-year high, prices up

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.

21 Oct 2014

U.S. Architecture Billings Index rises in September

- 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.

22 Oct 2014

New York says Ocwen backdated foreclosure letters, company shares slide

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.

U.S. regulator targeting lower down payments on mortgages

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, Freddie near deal that could boost mortgage lending: WSJ

- 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.

17 Oct 2014

U.S. home builder sentiment slips in October: NAHB

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.

16 Oct 2014

U.S. foreclosure activity falls to eight-year low

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.

16 Oct 2014

Fed buys $5.1 billion of mortgage bonds, sells none

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.

16 Oct 2014