Finance & Mortgage

Mortgage Applications Dipped Last Week : MBA

Applications for U.S. home mortgages dipped last week as refinance demand sagged, though activity in home purchases picked up, an industry group said on Wednesday.

Justice Dept. Casts Wide Net with Mortgage Subpoenas

A U.S. Justice Department inquiry into the packaging and sale of home loans by the biggest U.S. banks casts a wide net and appears to significantly overlap with other enforcement efforts, according to people who have viewed subpoenas sent to the firms.

Chines Banks Lower Rates For First-Home Buyers

Chinese banks have begun offering preferential loan rates for first-home buyers, the official China Securities Journal said on Monday, signaling that Beijing is relaxing its grip on the property sector after a near two-year clampdown.