Wells Fargo & Co. has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes.
WASHINGTON — U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump.
Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop through the first half of next year, an industry group said Thursday.
Susan Walsh/APFederal Reserve Chair Janet Yellen
By Howard Schneider and Michael Flaherty
WASHINGTON — The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the fores…
Citigroup Inc. said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. The settlement figure was more than twice what many analysts expected earlier this year but less than the $12 billion the government had sought in negotiations with the bank.
The U.S. Senate on Wednesday confirmed Julian Castro to lead the Department of Housing and Urban Development, placing the San Antonio, Texas mayor at the top of the agency in charge of housing during a sluggish recovery in the sector.
Applications for U.S. home mortgages rose last week as both purchase and refinancing applications increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 1.9 percent in the week ended July 4.
Applications for U.S. home mortgages dipped slightly last week as purchases slipped, an industry group said on Wednesday.
WASHINGTON — U.S. construction spending rose less than expected in May, which could prompt a further downgrading of second-quarter economic growth estimates.
A U.S. Senate panel on Wednesday approved San Antonio Mayor Julian Castro to lead the Department of Housing and Urban Development, clearing the way for a final vote in the full Senate. If confirmed in the post, as expected, Castro would be in position to push the Obama administration’s plan to wind down mortgage finance giants Fannie Mae and Freddie Mac, an effort that has stalled in Congress.
NEW YORK — Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said Wednesday.
WASHINGTON — Sales of new U.S. single-family homes jumped to a six-year high in May, the latest indication the housing market was starting to dig out of a recent soft patch.
NEW YORK — U.S. single-family home prices rose less than expected in April, a closely watched survey said on Tuesday.
President Barack Obama’s nominee to lead the Department of Housing and Urban Development, Julian Castro, urged lawmakers to move forward with efforts to shutter Fannie Mae and Freddie Mac, saying the current housing finance system is not serving Americans well.
Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said Wednesday.
U.S. housing starts and building permits fell more than expected in May, suggesting the housing recovery will likely remain slow for a while.
NEW YORK — Applications for U.S. home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said Wednesday.
Filed under: News, Buying, Economy, Foreclosures
ShutterstockForeclosure starts are at their lowest level since 2005 and in May were down 32 percent from a year ago.
By Elvina Nawaguna
Foreclosure activity across the United States dropped to an eight…
California residents have voted for a plan to spend $600 million to build houses for homeless veterans in the state with the highest number of ex-servicemen without a roof in the United States. Under the plan backed by voters in a primary election on Tuesday, the state will sell bonds to build apartments