Finance & Mortgage
'US Mortgage Applications Inch Up 3.6 percent as Interest Rates Hit Record Low
'Living near a foreclosed property could increase blood pressure, study finds
'Democrats disagree on senate bill to wind down Fannie Mae and Freddie Mac
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The average fixed mortgage rates in the U.S. fell to a new low this week, driving down borrowing costs. This week’s rates are the lowest since January 2014, according to Freddie Mac’s latest mortgage survey. -
'Fannie Mae, Freddie Mac: Senate delays bill despite enough support
The much-anticipated senate vote on the bill to eliminate Fannie Mae and Freddie Mac, the two government backed mortgage giants, was postponed Tuesday as the leaders wanted to gather enough support for the bill despite having enough support from the panelists. -
'Pending home sales edge up 3.4 percent in March, NAR
Pending home sales in the U.S. went up 3.4 percent in March 2014 making it the first gain in the previous nine months, the National Association of Realtors (NAR) announced Monday. -
'Update: Fannie Mae and Freddie Mac Elimination bill to be discussed in senate
The bill to wind down Fannie Mae and Freddie Mac, the two government backed mortgage giants that were rescued after the housing market crash in 2008, will be discussed in the senate Tuesday as officials gather to decide the fate of the two lending firms. -
'Housing markets improving across states in US, Freddie Mac survey
Housing markets have been improving across all the states in the U.S., according to a recent survey conducted by Freddie Mac, the government backed lending giant. -
'Barclays PLC to settle lawsuit with FHFA for $280 million
Barclays PLC, the global financial institution announced Thursday that it has reached an agreement to settle a faulty mortgage lawsuit with the Federal Housing and Finance Association (FHFA) for $280 million. -
'US average fixed mortgage rates increase to 4.33 percent on soft housing market data
The average long term fixed mortgage rates went up this week as the housing market slowed down a little. The average 30-year interest rates went up to reach 4.33 percent from the 4.27 last week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). -
'London’s Gherkin Building placed into receivership as owners go bankrupt
The famous Gherkin Building at 30 St. Mary Axe, in London has reportedly been placed into a receivership after VG Immobilien AG, owners of the building defaulted on a loan it took to purchase the building. -
'March housing trend report: Existing home sales remain flat, modest price rise and growth in inventory
The National Association of Realtors (NAR) revealed in its March housing trend report that existing home sales were relatively flat in the month, with home prices seeing a slight gain and growth in inventory as well. -
'Clinton Portis, former NFL star, sells Miami condo to avoid foreclosure
Clinton Portis, former running back who played in nine NFL seasons, has avoided a foreclosure on his condominium in Bristol Tower in Miami by selling it for $900,000, reports the South Florida Business Journal. -
'Vornado Realty Trust to spin off shopping strip into new REIT
Vornado Realty Trust, the popular New York-based real estate investment firm, has announced that it will be combining its strip shopping businesses consisting of about 81 open shopping centers and four malls to create a new Real Estate Investment Trust (REIT). -
'UK housing market gathers pace in March
British house prices unexpectedly picked up speed in March and sales reached a six-year high, a survey showed on Thursday, suggesting the market is still firmly on the rise, after recent releases indicated a slight loss in momentum.
