Real estate news Finance news Mortgage news and Money news
The news is updated daily.
Some money from mortgage settlement to be diverted
(AP) published on February 22nd, 2012 at 03:47 PM AP - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
Summary Box: Home sales up 4.3 pct. in January
(AP) published on February 22nd, 2012 at 03:47 PM AP - SALES UP: Sales of previously occupied homes rose in January to a seasonally adjusted annual rate of 4.57 million, the National Association of Realtors said Wednesday. That's the highest level since May 2010.
Reuters - Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
Past foreclosure means waiting years for new loan
(AP) published on February 22nd, 2012 at 03:47 PM AP - Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.
AP - The housing market is flashing signs of health ahead of the spring-buying season.
U.S. mortgage applications sagged last week: MBA
(Reuters) published on February 22nd, 2012 at 03:47 PM Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
Fannie, Freddie need to tighten legal expenses: regulator
(Reuters) published on February 21st, 2012 at 03:47 PM Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
