Lawmakers criticize former Fannie Mae CEO (AP)
AP - The ousted former chief executive of Fannie Mae, Franklin Raines, was criticized by lawmakers and a federal regulator on Tuesday as a House panel aired government allegations of a six-year accounting fraud at the mortgage giant. More »
Lawmakers criticize former Fannie Mae CEO (AP)
AP - Lawmakers and a federal regulator criticized the ousted former chief executive of Fannie Mae on Tuesday as a House panel aired government allegations of a six-year accounting fraud at the mortgage giant. More »
Forest City posts quarterly profit, revenue falls (Reuters)
Reuters - Property developer Forest City Enterprises Inc (FCEa.N) said on Tuesday that its first quarter earnings rose even as revenue fell slightly. More »
Tips for Avoiding Land Mines In New-Home Contracts
When buying a residence from a builder be on the lookout for these clauses and codicils in the fine print. It can save you money -- and aggravation -- in the long run. More »
Realtor Group Lowers Forecast, Asks for Interest-Rate Hike Pause
Existing home sales are projected to decline 6.8% in 2006 from last year's record, while new home sales also are expected to drop, according to the National Association of Realtors. More »
Open-House Blog: Hot Spots Where Homes Are in Demand
A look at why luxury buyers are out in force in Houston where Americans are purchasing vacation getaways overseas, how renters are faring in today's market, and other news in this week's roundup from across the Web. More »
American Financial Realty Prompts Talk of Asset Sale, Dividend Cut
The struggling real-estate investment trust canceled a presentation to a big industry conference, prompting one analyst to speculate it is contemplating a 'significant strategic event' that could include a major asset sale. More »
China: 60 pct of recent land deals illegal (AP)
AP - More than 60 percent of recent land acquisitions for construction in China are illegal, with the figure rising to 90 percent in some cities, the government said in a report demanding investigations of such deals. More »
Overnight real estate rates shoot higher
30-year fixed rate at 6.19%; 10-year Treasury yield at 5% More »
WaMu sued for allegedly not paying overtime
Three real estate loan brokers accuse biggest U.S. savings and loan More »
Real estate refinancings hit 4-year low
Purchase loans benefit from lower interest rates in latest survey More »
Fed's Olson says home lending change poses risks (Reuters)
Reuters - Rapid change in the home mortgage and home equity lending industry raises fundamental issues about fairness and levels of risk, Federal Reserve Governor Mark Olson said on Wednesday. More »
Bankers trade group agrees with NAR
Associations oppose Home Depot's purchase of industrial loan company More »
Republican group eyes Fannie CEO role in scandal (Reuters)
Reuters - Fannie Mae's chief executive stood at the center of the mortgage giant's activities during an $11 billion accounting scandal and supported efforts to hit profit targets even when meeting them was risky, an analyst for the U.S. Senate Republican majority said. More »
Home refinancings at 2006 low (Reuters)
Reuters - U.S. home loan refinancing applications last week sank to their lowest this year and new home mortgages barely budged, industry figures showed on Wednesday, lending support to the view that even a recent dip in interest rates will not heat up the cooling housing market. More »
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New Office Spaces May Produce A Real-Estate Glut in Wilmington
Just 30 miles south of Philadelphia, four commercial buildings are under construction in this Delaware city's downtown. The question: How quickly can all these spots be filled? More »