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.
- PulteGroup Inc , the No.3 U.S. homebuilder, reported its smallest quarterly increase in home prices in almost two years, joining peers in suggesting that the steep rise in prices in the past couple of years has dampened demand.
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.
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.
- 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.
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.
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 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.
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.
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.
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