Finance & Mortgage
Pending home sales edge up 3.4 percent in March; NAR
Update: Fannie Mae and Freddie Mac Elimination bill to be discussed in senate
Housing markets improving across states in US, Freddie Mac survey
EDITOR'S PICKS
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US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
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Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
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US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
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. Wells Fargo profit beats estimates, helped by one-time gains
Wells Fargo & Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of one-time gains helped offset the continued slowdown in its home loan business. JPMorgan profit weaker than expected as trading revenue falls
JPMorgan Chase & Co posted far weaker-than-expected quarterly profit as uncertainty about the U.S. economy weighed on investor trading volumes and consumer borrowing. Canadian new housing prices remain tame in February
The price of new Canadian homes rose 0.2 percent in February from January, topping expectations of a 0.1 percent gain after January's 0.3 percent increase, according to Statistics Canada data on Thursday.
