Finance & Mortgage
- US Mortgage Rates Fall for Second Consecutive Week
- Fixed mortgage rates in the U.S. inched down for the second consecutive week reaching new lows, according to Freddie Mac’s weekly primary mortgage market survey.
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- US Mortgage Rates Tick Up After Two Weeks on Steady Economic Growth
- Mortgage rates in the U.S. edged up slightly this week on positive economic reports after remaining flat for about two weeks, according to Freddie Mac's latest primary mortgage market survey.
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- 7 US cities with major home price changes (LIST)
- The U.S. real estate recovery has been slow albeit steady. This year's winter dampened what could be a good time for home investment. However, experts believe that the spring market will pick up steam.
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- US Mortgage Applications Inch Up 3.6 percent as Interest Rates Hit Record Low
- The number of home loan applications went up 3.6 percent this week as mortgage rates hit record lows, according to the Mortgage Banking Association.
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- Fixed mortgage rates hit lowest level in 2014
- The average fixed mortgage rates in the U.S. fell to a new low this week, driving down borrowing costs. This week’s rates are the lowest since January 2014, according to Freddie Mac’s latest mortgage survey.
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- Pending home sales edge up 3.4 percent in March, NAR
- Pending home sales in the U.S. went up 3.4 percent in March 2014 making it the first gain in the previous nine months, the National Association of Realtors (NAR) announced Monday.
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- Update: Fannie Mae and Freddie Mac Elimination bill to be discussed in senate
- The bill to wind down Fannie Mae and Freddie Mac, the two government backed mortgage giants that were rescued after the housing market crash in 2008, will be discussed in the senate Tuesday as officials gather to decide the fate of the two lending firms.
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- Housing markets improving across states in US, Freddie Mac survey
- Housing markets have been improving across all the states in the U.S., according to a recent survey conducted by Freddie Mac, the government backed lending giant.
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- Barclays PLC to settle lawsuit with FHFA for $280 million
- Barclays PLC, the global financial institution announced Thursday that it has reached an agreement to settle a faulty mortgage lawsuit with the Federal Housing and Finance Association (FHFA) for $280 million.
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- London’s Gherkin Building placed into receivership as owners go bankrupt
- The famous Gherkin Building at 30 St. Mary Axe, in London has reportedly been placed into a receivership after VG Immobilien AG, owners of the building defaulted on a loan it took to purchase the building.
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- March housing trend report: Existing home sales remain flat, modest price rise and growth in inventory
- The National Association of Realtors (NAR) revealed in its March housing trend report that existing home sales were relatively flat in the month, with home prices seeing a slight gain and growth in inventory as well.
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- Clinton Portis, former NFL star, sells Miami condo to avoid foreclosure
- Clinton Portis, former running back who played in nine NFL seasons, has avoided a foreclosure on his condominium in Bristol Tower in Miami by selling it for $900,000, reports the South Florida Business Journal.
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- Vornado Realty Trust to spin off shopping strip into new REIT
- Vornado Realty Trust, the popular New York-based real estate investment firm, has announced that it will be combining its strip shopping businesses consisting of about 81 open shopping centers and four malls to create a new Real Estate Investment Trust (REIT).
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- UK housing market gathers pace in March
- British house prices unexpectedly picked up speed in March and sales reached a six-year high, a survey showed on Thursday, suggesting the market is still firmly on the rise, after recent releases indicated a slight loss in momentum.
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- Wells Fargo profit beats estimates, helped by one-time gains
- Wells Fargo & Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of one-time gains helped offset the continued slowdown in its home loan business.
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