Yahoo! News: Business - Real Estate
Business - Real Estate
Michigan voters search for economic savior
(AP)
31 Jul 2010 at 3:23pm
AP - Michigan voters frustrated over lost jobs, home foreclosures and budget deficits will vote in Tuesday's primary election for leaders they hope can move the state out of its economic morass.
Glimcher offering raises $96M after costs
(AP)
30 Jul 2010 at 10:36am
AP - Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses.
Increase in FHA Mortgage Insurance Premiums Passes in House
(CQPolitics....
30 Jul 2010 at 10:22am
CQPolitics.com - The House passed legislation Friday to give the Federal Housing Administration flexibility to raise mortgage insurance premiums on the loans it guarantees.
Reverse Mortgages Aren't Catching On
(U.S. News & World Report)
30 Jul 2010 at 8:51am
U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders.
Fannie Mae portfolio grows, delinquencies decline
(Reuters)
30 Jul 2010 at 7:22am
Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
Citigroup to pay $75 million to settle SEC charges
(Reuters)
29 Jul 2010 at 6:46pm
Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
Citigroup paying $75M to settle civil charges
(AP)
29 Jul 2010 at 5:50pm
AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
Florida mortgage firm settles federal charges
(AP)
29 Jul 2010 at 3:30pm
AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
Congress to try to recoup Fannie, Freddie costs
(AP)
29 Jul 2010 at 3:04pm
AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac.
Summary Box: Mortgage rates hit low of 4.54 pct.
(AP)
29 Jul 2010 at 1:25pm
AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week.
Mortgage rates hit low of 4.54 percent
(AP)
29 Jul 2010 at 1:09pm
AP - Mortgage rates are the most affordable in decades for those who can qualify for a loan.
Citigroup settles charges over misleading investors
(AFP)
29 Jul 2010 at 12:00pm
AFP - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.
(AP)
29 Jul 2010 at 7:01am
AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks.
Foreclosures up in 75 percent of top U.S. metro areas
(Reuters)
29 Jul 2010 at 4:48am
Reuters - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.
France Telecom first half net profit up 45 pct
(AP)
29 Jul 2010 at 12:53am
AP - France Telecom SA said Thursday that first half net profit rose 45 percent due to a one-off gain, although revenue and margins were eroded by regulatory costs and competition in the home market in France.
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