News

March 20, 2012 04:42 PM
Home prices expected to fall 0.7% in 2012: Zillow

Home prices could fall another 0.7% by the end of 2012, according to a Zillow ($54.95 0%) survey of more than 100 economists and real estate...

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March 20, 2012 11:06 PM
Home prices expected to fall 0.7% in 2012: Zillow

Home prices could fall another 0.7% by the end of 2012, according to a Zillow ($54.95 0%) survey of more than 100 economists and real estate...

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March 20, 2012 05:34 PM
Distressed property overhang dampens homebuilding in Sun Belt, Rust Belt

New homebuilding is on the upswing in some markets, but the Sun Belt and the Midwest's Rust Belt continue to struggle with distressed inventories delaying home starts, real estate analysts said.

New home activity has "been ticking up steadily since spring of last year," said David Crowe,...

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March 20, 2012 03:23 PM
Fannie clears Radian subsidiary to insure first mortgages

Fannie Mae approved a subsidiary of Radian Guaranty ($12.76 -0.5075%) to insure new mortgages, according to an alert sent to...

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March 20, 2012 03:09 PM
Fannie clears Radian subsidiary to insure first mortgages

Fannie Mae approved a subsidiary of Radian Guaranty ($12.76 -0.5075%) to insure new mortgages, according to an alert sent to...

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March 20, 2012 01:54 PM
Federal Reserve banks report income loss in 2011

Net income for the 12 regional Federal Reserve banks fell in 2011 as assets related to credit and liquidity programs fell by nearly $100 million.

The Federal Reserve banks in 2011 collectively earned $77.4 billion, derived primarily from $83.6 billion in interest income...

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March 20, 2012 01:07 PM
Federal Reserve banks report income loss in 2011

Net income for the 12 regional Federal Reserve banks fell in 2011 as assets related to credit and liquidity programs fell by nearly $100 million.

The Federal Reserve banks in 2011 collectively earned $77.4 billion, derived primarily from $83.6 billion in interest income...

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March 20, 2012 12:28 PM
Taylor, Bean & Whitaker CFO pleads guilty in mortgage fraud scheme

Former Taylor, Bean & Whitaker Chief Financial Officer Delton de Armas, pleaded guilty for his role in a $2.9 billion fraud scheme that brought down the firm and Colonial Bank.

On Tuesday, de Armas admitted to charges of making false statements and...

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March 20, 2012 12:19 PM
Taylor, Bean & Whitaker CFO pleads guilty in mortgage fraud scheme

Former Taylor, Bean & Whitaker Chief Financial Officer Delton de Armas, pleaded guilty for his role in a $2.9 billion fraud scheme that brought down the firm and Colonial Bank.

On Tuesday, de Armas admitted to charges of making false statements and...

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March 20, 2012 01:10 PM
Houston housing inventory shrinks to lowest level since 2008

Houston housing inventory in February fell to its lowest level since December 2008 as home sales grew briskly for the ninth straight month.

February sales of single-family homes soared 16.9% versus a year earlier, according to the Houston Association of Realtors, the...

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March 20, 2012 12:20 PM
Houston housing inventory shrinks to lowest level since 2008

Houston housing inventory in February fell to its lowest level since December 2008 as home sales grew briskly for the ninth straight month.

February sales of single-family homes soared 16.9% versus a year earlier, according to the Houston Association of Realtors, the...

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March 20, 2012 12:47 PM
Homebuilding permits returning in top foreclosure states

Single-family building permits began to return in the back half of last year for states hardest hit by the foreclosure crisis, according to Census Bureau data compiled by the Federal Deposit Insurance Corp.

In Nevada, which has held the largest...

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March 20, 2012 12:01 PM
Homebuilding permits returning in top foreclosure states

Single-family building permits began to return in the back half of last year for states hardest hit by the foreclosure crisis, according to Census Bureau data compiled by the Federal Deposit Insurance Corp.

In Nevada, which has held the largest...

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March 20, 2012 10:53 AM
$73.8 million awarded to foreclosure mitigation programs

NeighborWorks America, an organization that works to create affordable communities, said $73.8 million in funds from the National Foreclosure Mitigation Counseling Program will be provided to organizations and housing finance agencies across the country.

The funds will be...

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March 20, 2012 10:25 AM
$73.8 million awarded to foreclosure mitigation programs

NeighborWorks America, an organization that works to create affordable communities, said $73.8 million in funds from the National Foreclosure Mitigation Counseling Program will be provided to organizations and housing finance agencies across the country.

The funds will be...

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