Applications for home mortgages dropped last week for a second-straight week as a spike in interest rates stymied demand for refinancing, the Mortgage Bankers Association says.» Read More
Federal prosecutors in North Carolina filed criminal fraud conspiracy charges against Beazer Homes USA on Wednesday, but they agreed to dismiss the case if the company complies with an agreement accepting responsibility for certain wrongdoing and pays millions to victims.
Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
The real estate market's troubles are hitting close to home for Treasury Secretary Timothy Geithner.
Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home purchase.
Mortgage rates at some lenders spiked by as much as 1 percent on Wednesday and saw little relief on Thursday, mortgage brokers said.
Diane Peek and Andrew Bou are part of a small but growing number of homeowners who are turning to the Internet to swap properties.
Many of the nation's largest public housing authorities fear they will be left out when the government distributes hundreds of millions of dollars for new plumbing, roofing and other capital improvements sought by Congress in the name of economic stimulus.
"My wife and I had thought of this as more of an in-between house," says one Cincinnati homeowner. "Now we have decided to concentrate on making our current home exactly like we want it."
The Federal Reserve announced Friday that it will launch a much-awaited program in June to bolster commercial real-estate lending. And, to help make the program more attractive to investors, the Fed will provide longer, five-year loans
The following is the full text of U.S. Federal Reserve Chairman Ben Bernanke's "Housing, Mortgage Markets and Foreclosures" speech issued in Washington Thursday and delivered before before the Fed conference on Housing and Mortgage Markets:
New US home sales dipped slightly last month, but still beat expectations as builders start to see long-awaited encouraging signs about the housing market.
New U.S. home sales dipped slightly last month, but still beat expectations as builders start to see long-awaited encouraging signs about the housing market.
The owners of ground zero, locked in a new round of heated talks with a private developer about how and when to build office towers at the World Trade Center site, have proposed indefinitely putting off two of three planned skyscrapers until the real estate market recovers, officials familiar with the negotiations say.
In a deal that will create the nation's biggest homebuilder, Pulte Homes is buying Centex for $1.3 billion in stock as both companies try to survive the worst real estate recession in a generation.
If you've got a good job, solid credit and your home's value hasn't fallen dramatically, you're likely to benefit from the Fed's move to help drive mortgage rates to historic lows.
The National Association of Home Builders says its market index hovered unchanged near historic lows in March.
Freddie Mac says John Koskinen will take over as interim chief executive of the mortgage giant. Robert Glauber will become interim non-executive chairman.
Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn't the Great Depression. It was the 1981-82 recession, widely considered America's worst since the depression.
The U.S. attorney's office says the former chairman and CEO of KB Home has been named in an indictment charging him with conspiring to defraud the homebuilder and shareholders through a stock option backdating scheme.
Debt-strapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under a controversial element of President Barack Obama's housing rescue plan.