The sinking housing market is fertile ground for mortgage fraud, the FBI warns in a new report.

The sinking housing market is fertile ground for mortgage fraud, the FBI warns in a new report.

Shares of IndyMac Bancorp Inc. continued to tumble Tuesday, as an analyst reiterated his "Underperform" rating on the mortgage lender and a day after it said it would not be profitable for the rest of the year.

Shares of IndyMac Bancorp Inc. continued to tumble Tuesday, as an analyst reiterated his "Underperform" rating on the mortgage lender and a day after it said it would not be profitable for the rest of the year.

Bank of America Corp., the nation's second-largest bank, reported rising credit costs Tuesday, as it continues to wade through a challenging economic cycle.

Bank of America Corp., the nation's second-largest bank, reported rising credit costs Tuesday, as it continues to wade through a challenging economic cycle.

French bank Credit Agricole SA said Tuesday its board may attempt to raise $9.1 billion through a rights issue to plug a hole from losses tied to bad U.S debt.

French bank Credit Agricole SA said Tuesday its board may attempt to raise $9.1 billion through a rights issue to plug a hole from losses tied to bad U.S debt.

Freddie Mac reports first-quarter financial results on Wednesday. The following is a summary of key developments and analyst opinion related to the period.

Freddie Mac reports first-quarter financial results on Wednesday. The following is a summary of key developments and analyst opinion related to the period.

The median value of existing U.S. single-family home sales in metropolitan areas fell 7.7 percent in the first quarter from a year ago, the National Association of Realtors said.

Toll Brothers, the largest U.S. luxury home builder, said on Tuesday it expects to report a 30 percent drop in home-building revenue for the quarter ended April 30.

UK housing sentiment slumped to record lows in April, underscoring continued weakness in the sector and piling pressure on the Bank of England at a time when snowballing inflation could force it to keep interest rates on hold.  

Troubled homebuilder Beazer Homes USA Inc. said Monday it restated financial results for several prior-year periods and reported that it swung to a hefty loss in its fiscal fourth-quarter of 2007 amid a steep decline in revenue and home closings.

Troubled homebuilder Beazer Homes USA Inc. said Monday it restated financial results for several prior-year periods and reported that it swung to a hefty loss in its fiscal fourth-quarter of 2007 amid a steep decline in revenue and home closings.