Finance & Mortgage

Chines Banks Lower Rates For First-Home Buyers

Chinese banks have begun offering preferential loan rates for first-home buyers, the official China Securities Journal said on Monday, signaling that Beijing is relaxing its grip on the property sector after a near two-year clampdown.

Stockton, California's impact on muni landscape

Last week the Stockton, California, city council approved a plan to default on about $2 million of debt payments in an effort to avoid becoming the largest U.S. city to file for bankruptcy.

NAHB Sees Expanded Role for Federal Home Loan Banks in Housing Reform

The National Association of Home Builders released its blueprint for housing finance reform that it said will transition Fannie Mae and Freddie Mac into a new private-sector securitzation system.