32 min ago | Local NEWS 8
No tapering: Federal Reserve to continue stimulus
The Federal Reserve gave no indication in its written statement Wednesday that it plans to soon scale back its purchases of bonds and other assets, as it continues its efforts to boost the U.S. economy.
32 min ago | WMTW-TV Auburn
No tapering: Federal Reserve to continue stimulus
The Federal Reserve gave no indication Wednesday that it plans to scale back its purchases of bonds and other assets, as it continues its efforts to boost the U.S. economy.
1 hr ago | KMPH-TV Fresno
OC Fannie Mae worker charged with fraud
An Orange County employee of mortgage giant Fannie Mae has pleaded not guilty to charges that he demanded kickbacks to provide listings of repossessed homes to a real estate broker.
3 hrs ago | SFGate
Banks fall short in helping struggling homeowners
A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers.
7 hrs ago | GPB.org
'We Were Told To Lie,' Say Bank Of America Employees
Employees say Bank of America encouraged them to lie and falsify records in order to push more accounts into foreclosure.
11 hrs ago | The Washington Post
Rising mortgage rates elicit fears they could hurt housing recovery
Mortgage rates have spiked over the past few weeks, rising at the fastest pace since 2010, sparking fears that the housing market could weaken and undermine the country's economic recovery.
He is working with Operation Homefront and Chase to give America's veterans mortgage-free homes
Tim McGraw is pleased to be working again with Operation Homefront and Chase in giving homes to America's veterans.
U.S. home construction rises 6.8 percent in May
U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years.
Here's what to watch for Wednesday from the Fed
Chairman Ben Bernanke will be pressed to settle the wave of confusion and speculation that's consumed investors since he spoke to Congress last month about the Fed's drive to keep long-term interest rates at record lows.
Home building continues to rise
The number housing starts rose 7 percent to an annual pace of 914,000 homes, according to a government report out Tuesday.
UK charges ex-UBS trader Hayes in Libor investigation
Hayes, 33, was arrested by police and the Serious Fraud Office last December as part of an inquiry stretching from the U.S. to Japan.
Richmond coalition embarks on campaign to seize underwater mortgages from banks
The radical idea of using eminent domain to seize underwater mortgages and cut them down to current market value appears to have firm support among city officials.
TSX up, traders look for clues on whether stimulus to be tapered
The Toronto stock market closed higher Monday as traders bought into stocks beaten down in a string of recent declines while hoping for more clarity from the U.S. Federal Reserve on whether it might start to ease up on stimulus measures.
OneWest Bank to lay off 725 Texas workers
Executives with OneWest Bank have announced that more than 700 workers will lose their jobs as the company is acquired as part of a $2.53 billion deal.
2013 home sales off to better start than expected: CREA
The number of Canadian homes sold so far this year is slightly higher than projected and it looks as if 2014 will show a rebound, according to a new forecast by the Canadian real estate industry's main association.
US homebuilder confidence at 7-year high
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
High court to hear N.J. housing discrimination case
The Supreme Court agreed Monday to take another dispute involving race, deciding whether people must prove they were victims of intentional housing discrimination to win lawsuits under federal law.
Millennials might not be eager to take on mortgage debt
Builders are eyeing the next wave of potential home buyers - the so-called millennials - but whether this rising generation will embrace big mortgage debt remains an open question.
US stimulus hopes shore up markets
Concern that the Fed would start reducing the amount of financial assets it is buying has been the main factor behind the volatility that has gripped markets over the past few weeks.
Is era of ultra-low interest rates nearing an end?
That's the question - and the fear - Chairman Ben Bernanke will face this week when he takes questions after a Federal Reserve policy meeting.