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MGIC added $1.2B in mortgage coverage in August (AP)
Fri, 03 Sep 2010 18:50:41 GMT
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.
Mo. drops appeal of real estate ballot measure (AP)
Fri, 03 Sep 2010 16:47:03 GMT
AP - An initiative barring taxes on home and land sales is clear to appear on Missouri's ballot after the state dropped an appeal Friday of a judge's decision ordering the election.
Con man could get life under Calif. 3-strikes law (AP)
Thu, 02 Sep 2010 21:26:05 GMT
AP - A man accused of bilking elderly South Los Angeles residents out of their homes in a foreclosure scam is facing a potential life sentence in a rare use of California's three-strikes law for a white-collar crime.
Oil prices rise after mixed economic news (AP)
Thu, 02 Sep 2010 19:51:59 GMT

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.


Summary Box: Mortgage rates hit low of 4.32 pct. (AP)
Thu, 02 Sep 2010 17:22:50 GMT
AP - RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent.
How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report)
Thu, 02 Sep 2010 17:13:50 GMT
U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all stripes. And as investors fled for the hills, the exotic mortgage products that helped fuel the real estate boom have largely disappeared from the private market. But that doesn't mean all buyers need a big pile of cash to snag a home loan. ...
Pending home sales rise 5.2 percent in July (AP)
Thu, 02 Sep 2010 17:12:42 GMT

In this Aug. 31, 2010, photograph, a house with a sale pending sign is shown in San Francisco. The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.(AP Photo/Jeff Chiu)AP - The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.


Summary Box: Pending home sales up 5.2 pct in July (AP)
Thu, 02 Sep 2010 17:00:39 GMT
AP - PENDING HOME SALES RISE: The number of buyers who signed contracts to purchase previously occupied homes increased by 5.2 percent in July from June.
Mortgage rates hit record low: Freddie Mac (Reuters)
Thu, 02 Sep 2010 15:25:44 GMT
Reuters - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Communities key in foreclosure fight: Fed officials (Reuters)
Thu, 02 Sep 2010 14:44:57 GMT

The U.S. Federal Reserve Building is pictured in Washington, December 15, 2009. REUTERS/Hyungwon KangReuters - Two top U.S. Federal Reserve officials on Thursday called for a more community-focused approach to the country's ongoing foreclosure crisis, which is weighing on its economic recovery.


Instant View: Pending home sales rise in July (Reuters)
Thu, 02 Sep 2010 14:34:48 GMT
Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
Mortgage rates hit decades-low of 4.32 percent (AP)
Thu, 02 Sep 2010 14:27:42 GMT

A home is offered for sale in Hawthorn Woods, Illinois. New home sales plunged to the lowest levels in half a century and the pace of orders for goods indicated the manufacturing sector slowed markedly, with business capital spending contracting massively.(AFP/Getty Images/File/Scott Olson)AP - Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.


US pending home sales bounce back (AFP)
Thu, 02 Sep 2010 14:18:46 GMT

A home is offered for sale in Wauconda, Illinois in August 2010. US pending home sales rose dramatically in July, a trade group said Thursday, promising a much-needed boost to the sluggish housing market.(AFP/Getty Images/File/Scott Olson)AFP - US pending home sales rose dramatically in July, a trade group said Thursday, promising a much-needed boost to the sluggish housing market.


Pending home sales rise 5.2 percent in July (Reuters)
Thu, 02 Sep 2010 14:12:55 GMT

London shares ended in positive territory Thursday on US jobs and home sales data after falling in early deals.(AFP/File/Carl de Souza)Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.


Court battle set over giant NYC housing complex (Reuters)
Wed, 01 Sep 2010 20:22:08 GMT
Reuters - The future of an 80-acre New York apartment complex will be at stake on Thursday as a judge considers whether a venture led by a prominent hedge fund investor may conduct a foreclosure auction.
Banks to allow local groups to buy foreclosures (AP)
Wed, 01 Sep 2010 16:22:25 GMT
AP - Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
Mortgage applications rise 2.7 pct on low rates (AP)
Wed, 01 Sep 2010 15:41:27 GMT
AP - Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.
Construction activity declines 1 percent in July (AP)
Wed, 01 Sep 2010 14:37:18 GMT

In this photo taken Tuesday, August, 31, 2010 a worker climbs a steel grid while working on a construction site in Miami. (AP Photo/Lynne Sladky)AP - Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit.


Gold, silver rise as investors seek safer assets (AP)
Tue, 31 Aug 2010 20:53:48 GMT
AP - Wary investors turned to gold Tuesday, sending the price to its highest level in two months, despite slightly more optimistic economic news.
Stock investors brace for another ugly September (AP)
Tue, 31 Aug 2010 20:17:25 GMT

FILE - In this Aug. 19, 2010 file photograph, shot with a zoom lens, traders at work on the trading floor of the New York Stock Exchange, in New York. The economic outlook is weakening, home sales are plunging and stocks are on a four-month slide capped by a disappointing August. Now the potentially even scarier part for investors: We are entering what is historically the worst month in the market. (AP Photo/Henny Ray Abrams, file)AP - The economy is weakening, home sales are plunging and stocks are on a long slide. Now comes something even scarier for investors — the beginning of what is traditionally the worst month in the market.