B home+mortgages

B home mortgages

WASHINGTON - U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and ...

US thrifts 2Q loss of $5.4B is second largest ever - Philadelphia Inquirer

Strains among borrowers with patchy credit are rising, with more falling behind on their mortgages and fewer able to refinance their higher interest rate loans, according to a report by Standard & Poor's, the credit rating agency. The report into the ...

Overdue mortgage payments on rise, says study - Financial Times

NEW YORK (Associated Press) - Sales of new homes rose in July, but still fell short of economists' expectations, and home prices continued to sink. The Commerce Department reported Tuesday that new-home sales rose by 2.4 percent last month to a ...

New-home sales rose slightly in July, prices fell - CNN Money

Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is ...

Fannie Mae shakes up management team - Forbes

WASHINGTON — Sales of new homes in the United States posted an unexpected gain in July as heavily discounted properties enticed cautious house hunters to become home buyers. The Commerce Department reported that sales of new single-family homes ...

New-home sales in U.S. post surprise gain - Globe and Mail

WASHINGTON (AP) - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...

Business Highlights - Forbes

Tax breaks for owning real estate are undergoing another shift, thanks to the Housing and Economic Recovery Act recently signed into law by President George W. Bush . The main focus of the bill was on its provisions to stave off foreclosures and to ...

The new U.S. housing law: A closer look - Newsday

WASHINGTON (MarketWatch) -- U.S. home prices fell at a record rate in June, putting more pressure on an already-fragile financial system. The Case-Shiller index of 20 major metropolitan areas for the month fell by 15.9% from June 2007, Standard ...

Home prices fall a record 15.9% year over year - Marketwatch

Once afraid she would lose her Mount Sterling home, Karen Southern is actually making a smaller monthly mortgage payment. She credits a foreclosure counselor with helping her. It started with a heart attack. "I died. I coded, and I was dead," said ...

Keeping home not lost cause - The Columbus Dispatch

When it comes to gauging how bad things may get for the global economy, central bankers say they are uncertain. A glance at government bond yields backs that nerve-wracking outlook. In the past month, US, German, UK and Japanese bond yields have been ...