Homes in some stage of the foreclosure process saw their share of overall U.S. home sales grow in the first quarter even as sales of bank-owned homes fell.
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Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market.Read More »
Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover.Read More »
Confidence among U.S. builders rose to the highest level in five years in May, a hopeful sign that modest improvement in the housing market will pick up.Read More »
Regulators might ban origination fees that vary with the size of the loan, known as “origination points.” They also might limit the use of “discount points” that are supposed to result in lower interest rates, the Consumer Financial Protection Bureau said.Read More »
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government ...Read More »
Homebuilder D.R. Horton is ending its practice of assigning to a subsidiary the drilling rights beneath homes it sells in North Carolina as interest in natural gas deposits is taking off.Read More »