WASHINGTON — The number of Americans who signed contracts to buy U.S. homes dipped in February from nearly a two-year high, a mixed signal ahead of the spring home-buying season. The National Association of Realtors said Monday that its index ...Read More »
WASHINGTON — The average U.S. rate on a 30-year fixed mortgage rose above 4 percent for the first time in five months. The sharp increase suggests the window to buy or refinance a home at historically low rates is closing. ...Read More »
NEW YORK — Bank of America is providing mortgage relief to about 200,000 homeowners. Homeowners that qualify are those whose home values have fallen below what they owe on their mortgages. Bank of America will reduce the amount owed by ...Read More »
WASHINGTON — The U.S. government has started selling off its stock of homes in foreclosure. The Federal Housing Finance Agency said Monday that a group of investors purchased the first of 2,500 homes being sold as part of a foreclosure-to-rental ...Read More »
Maryland stands to receive between $895 million and $959 million in benefits under a pending multibillion-dollar nationwide settlement with the five largest mortgage lenders over alleged foreclosure abuses, Attorney General Douglas F. Gansler said Wednesday. Gansler joined the ranks of ...
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Changes are brewing again at Federal Housing Administration — one that is going to become a reality and another still in the idea stage by the Obama administration. The more concrete change is targeted at the amount of seller concession ...Read More »
FALLS CHURCH, Va. — President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded ...Read More »
St. John Properties has announced the purchase of a one-acre parcel at 56 Timonium Road for redevelopment into 10,000-square-foot retail strip mall. Known as Timonium Exchange, the site is configured to hold a medley of tenants with businesses ranging from ...
Tagged with: fannie mae general growth properties GGP harris teeter kbe building corp locust point Mall in Columbia McHenry Row mount vernon mt. vernon NAI KLNB rockville St. John Properties the greene turtle Trout Daniel & Associates Urban Land InstituteRead More »
WASHINGTON — The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker ...
Tagged with: Banks census bureau corelogic Economy fannie mae federal reserve freddie mac great recession homes Mortgage Bankers Association National Association of Home Builders National Association of Realtors salesRead More »
WASHINGTON — The Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the ...Read More »