Wednesday, 18 Jun 2008 | Source: Reuters
Thornburg Mortgage, the jumbo mortgage lender that lost $3.31 billion in the first quarter, said on Wednesday it has received subpoenas from U.S. securities regulators and its survival remains in doubt.
Wednesday, 18 Jun 2008 | Source: Reuters
Applications for U.S. home mortgages dropped for the fourth week in the last five as soaring rates on standard, fixed-rate mortgages choked off refinancing opportunities, an industry group said on Wednesday.
Tuesday, 17 Jun 2008 | Source: Reuters
U.S. housing starts slid 3.3 percent in May to their lowest level in more than 17 years, while permits for future construction also fell, signaling more weakness ahead for the battered U.S. housing sector.
Monday, 16 Jun 2008 | Source: Reuters
U.S. homebuilder sentiment sank in June to match the lowest level on record set in December, an industry group said.
Friday, 13 Jun 2008 | Source: Reuters
The U.S. Federal Housing Administration is temporarily lifting its required 90-day waiting period to help stabilize neighborhoods flooded with foreclosed properties, the Bush administration announced Friday.
Friday, 13 Jun 2008 | Source: Reuters
U.S. consumer confidence tumbled more than expected in June, hitting another 28-year low as high inflation and rising unemployment weighed on sentiment.
Friday, 13 Jun 2008 | Source: Reuters
U.S. home foreclosure filings in May increased from April and were a whopping 48 percent higher than a year earlier, real estate data firm RealtyTrac said Friday.
Thursday, 12 Jun 2008 | Source: Reuters
Thornburg Mortgage , a specialist in jumbo home loans that nearly went bankrupt in March, on Thursday posted a $3.31 billion first-quarter loss as the value of mortgages and other securities it owns plummeted.
Wednesday, 11 Jun 2008 | Source: Reuters
U.S. mortgage applications rose after falling for three straight weeks, bouncing back from the lowest level in more than six years and overcoming a rise in home loan rates, an industry trade group said Wednesday.
Wednesday, 11 Jun 2008 | Source: Reuters
The Abu Dhabi Investment Council is negotiating to buy a 75 percent stake in New York City's landmark Chrysler Building for $800 million, the New York Post reported on Wednesday.
Tuesday, 10 Jun 2008 | Source: Reuters
The Federal Reserve will not allow inflation to get out of control and is aware of the danger that a weaker dollar could feed into higher prices, one of its top policy-makers said.
Monday, 9 Jun 2008 | Source: Reuters
More than a year into a U.S. housing market meltdown, prosecutors have yet to bring major cases against mortgage industry leaders — and the slump's worst may pass before any charges are filed.
Monday, 9 Jun 2008 | Source: Reuters
Pending sales of previously owned U.S. homes unexpectedly rose in April as foreclosed properties flooded the market and drove prices sharply lower.
Friday, 6 Jun 2008 | Source: Reuters
Americans see a better-than-even chance their stock portfolios will lose value this year, and their outlook for equities is the weakest in five years.
Friday, 6 Jun 2008 | Source: The Associated Press
Former heavyweight champion Evander Holyfield is facing mounting financial and legal woes.