-
Wells Fargo reports huge decline in new mortgage loans
Tom Kelly | April 20, 2011 8:26 amNEW YORK (AP) – Wells Fargo’s income jumped 51 percent in the first quarter as more people opened accounts with the bank and business customers… -
Investors help push existing home sales up 3.7 percent
Tom Kelly | April 20, 2011 8:18 amSales of existing-home sales rose 3.7 percent in March, continuing an uneven recovery that began after sales bottomed last July, according to the National Association… -
Commentary: Ginnie and the new down payment proposal
Tom Kelly | April 19, 2011 1:22 pmBY LAWRENCE YUN CHIEF ECONOMIST, NATIONAL ASSOCIATION OF REALTORS Ginnie Mae turned over $1 billion in internal profit to the U.S. Treasury, according to its… -
A little sunshine: Residential construction rose in March
Tom Kelly | April 19, 2011 8:05 amNationwide housing starts, an important component in the nation’s economy, rose 7.2 percent in March, the U.S. Commerce Department reported today. Coming on the heels… -
Mortgage woes continue to plague Bank of America
Tom Kelly | April 18, 2011 9:26 amBy PALLAVI GOGOI AP Business Writer NEW YORK (AP) – Bank of America Corp. is still trying to shake off troubles arising from mortgages written… -
Builder confidence takes a spring dip
Tom Kelly | April 18, 2011 9:18 amBy DEREK KRAVITZ AP Real Estate Writer WASHINGTON (AP) – Homebuilders are more pessimistic about the housing market this month, a dismal sign at the… -
Consumers get $2.3 million in foreclosure rescue refunds
Tom Kelly | April 15, 2011 1:12 pmThe Federal Trade Commission has mailed 1,410 refund checks amounting to $2.3 million to consumers allegedly defrauded by Home Assure LLC, a so-called mortgage foreclosure… -
New tool shows when sellers chop home prices
Tom Kelly | April 15, 2011 8:37 amTrulia, a real estate search engine, has launched an interactive map showing when price reductions first occur in specific neighborhoods. -
Feds take action against 8 mortgage servicers
Tom Kelly | April 15, 2011 8:33 amThe Office of the Comptroller of the Currency announced formal enforcement actions against eight national bank mortgage servicers and two third-party servicer providers for unsafe… -
Legislation introduced to speed short sales
Tom Kelly | April 13, 2011 3:28 pmA new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their…