States took at least $1 billion of federal money meant to help homeowners and instead used it to plug budget holes, pay for pet projects or promote economic development.
U.S. home prices climbed 12.4 percent in August from a year ago, fueled by more buyers bidding on a limited supply of houses.
Pending home sales slowed in August, with tight inventory, higher interest rates, rising home prices and continuing restrictive mortgage credit dragging the market, a leading industry source says.
Home prices in 20 of the largest U.S. cities showed increases of 1.8 percent from June, and in most cases gains for at least four months in a row, according to a leading index.
Hispanic purchasing power is exerting a powerful influence on the home improvement market, according to findings from the Outdoor Power Equipment Institute.
The S&P/Case-Shiller Home Price Indices showed increases from June for the 10- and 20-City Composites, with all 20 cities showing monthly gains for at least four months in a row.
U.S. mortgage activity rose in the week as interest rates on a variety of
long-term loans fell.
Florida led the nation in foreclosure inventory during July and Orlando
had among the highest rate of the country's 25 largest core-based statistical
areas, a new report released Thursday shows.
Mortgage activity in the U.S. dropped by 3 percent and refinancing activity dropped by 5 percent as interest rates rose on long-term loans, the Mortgage Bankers Association said Wednesday.
Fannie Mae has released its latest
ranking of mortgage servicers based on foreclosure avoidance, liquidation efficiency and how they move seriously delinquent
borrowers out of 90-day delinquency.
The S&P/Case-Shiller report showed home prices headed higher in June in all 20 monitored markets, but some gains slowed, Standard & Poor's said Tuesday.
The Washington State Department of Financial Institutions issued a statement of charges against Nationwide Biweekly
Sales of existing U.S. homes rose 6.5 percent from June and prices are up 13.7 year over year, the National
Association of Realtors said Wednesday.
Average U.S. mortgage rates for long-term loans were little changed in the week
ending Thursday, the Federal Home Loan Mortgage Corp. said.
U.S. mortgage originator
fees are averaging 8 percent more this year than in 2012, according to a new report on closing costs.