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Stocks Rebound to Close Modestly Lower; HP Surges 17%

Real Estate

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  • A foreclosed home for sale.

    Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust stabilized in June, offering fresh hope that the worst is over.

  • New-home sales rose by the largest amount in nearly nine years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.

  • Ameriprise Paying $17.3 Million to Settle SEC Case Friday, 10 Jul 2009 | 12:30 PM ET
    SEC

    Ameriprise Financial Services on Friday agreed to pay more than $17 million to settle federal regulators' charges that it failed to disclose nearly $31 million received for selling certain investments to its brokerage customers.

  • Assets Are Less Toxic, but Banks Have Other Troubles Thursday, 9 Jul 2009 | 5:21 PM ET

    With bad home mortgages  on the back burner, the big threat to the economy is now believed to be troubled credit card, commercial real estate and commercial industrial debt.

  • Madoff Office for Lease; Offers River View and Stigma Thursday, 9 Jul 2009 | 3:06 PM ET
    Offices of Bernard L. Madoff Investment Securities LLC, New York

    A  floor used by Madoff in the midtown Manhattan high-rise known as the Lipstick Building has been emptied out and put up for lease.

  • World Trade Center Developer Threatens Arbitration Monday, 6 Jul 2009 | 4:12 PM ET

    The developer of the World Trade Center site has threatened to go to arbitration to settle a monthslong impasse to rebuild ground zero.

  • Criminal Charges Filed Against Beazer Homes Wednesday, 1 Jul 2009 | 5:36 PM ET
    Beazer Home

    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.

  • Freddie Mac Receives $6.1 Billion in New Funds Wednesday, 1 Jul 2009 | 10:54 AM ET

    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.

  • Geithner, Facing Sluggish Market, Rents His NY Home Wednesday, 3 Jun 2009 | 1:24 PM ET
    Timothy Geithner

    The real estate market's troubles are hitting close to home for Treasury Secretary Timothy Geithner.

  • First-Time Homebuyers May Be Eligible for US Loans Friday, 29 May 2009 | 3:54 PM ET

    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.

  • Sharp Rise in Mortgage Rates Thwarts Refinancing Plans Thursday, 28 May 2009 | 6:02 PM ET

    Mortgage rates at some lenders spiked by as much as 1 percent on Wednesday and saw little relief on Thursday, mortgage brokers said.

  • Can't Sell Your House? Some Are Going Online to Swap Friday, 22 May 2009 | 11:57 AM ET

    Diane Peek and Andrew Bou are part of a small but growing number of homeowners who are turning to the Internet to swap properties.

  • Housing Agencies Protest Rules for Stimulus Tuesday, 19 May 2009 | 4:42 AM ET

    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 headquarters in Washington, DC.

    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

  • Bernanke's Speech on Housing and Foreclosures Sunday, 26 Apr 2009 | 5:10 PM ET
    Federal Reserve Chairman Ben Bernanke

    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:

  • Home Construction

    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.

  • Home Construction

    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.

  • World Trade Center Towers May Be Delayed Indefinitely Thursday, 16 Apr 2009 | 9:58 AM ET
    Skyscraper Construction Site

    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.

  • Pulte To Buy Centex for $1.3 Billion Wednesday, 8 Apr 2009 | 9:53 AM ET

    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.

Realty Check with Diana Olick