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    May 30, 2012 |Story| Los Angeles Times

  1. Pending home sales fall by most in a year but improve from 2011

    Pending home sales — the measure of how many Americans signed contracts to buy previously owned homes — tumbled last month in the steepest fall in more than a year.
    Pending home sales — the measure of how many Americans signed contracts to buy previously owned homes — tumbled last month in the steepest fall in more than a year. The index of resales slid 5.5% in April after gaining 3.8% in March to nearly...

    Tags: Homes, Land Price, Real Estate Sales

    2. May 29, 2012 |Story| Los Angeles Times

  2. U.S. home prices fall 2.6% in March, S&P/Case-Shiller index shows

    Home prices ended the first quarter at their lowest point since the U.S. housing crisis began, a closely followed index of home values showed, but analysts found indications of growing stability in the turbulent housing market.
    Home prices ended the first quarter at their lowest point since the U.S. housing crisis began, a closely followed index of home values showed, but analysts found indications of growing stability in the turbulent housing market. Home prices in 20 major...

    Tags: Foreclosures, Homes, House Building, Services and Shopping, Values

    3. May 29, 2012 |Story| Los Angeles Times

  3. Facebook troubles take the steam out of bid to loosen IPO rules

    WASHINGTON — There was so much support in Washington two months ago for loosening rules on initial public offerings that Republicans and Democrats effortlessly passed a bill making it easier for smaller companies to raise money on Wall Street.
    WASHINGTON — There was so much support in Washington two months ago for loosening rules on initial public offerings that Republicans and Democrats effortlessly passed a bill making it easier for smaller companies to raise money on Wall Street....

    Tags: Judges, Financing and Stock Offerings, Media Industry, Economy, Business and Finance, Investments

    4. May 29, 2012 |Story| Los Angeles Times

  4. Home prices at post-bubble lows but may point to market stability

    Home prices in the U.S. ended the first quarter at their lowest point since the housing crisis, with values in 20 major cities dropping 2.6% in March compared with the same period a year earlier.
    Home prices in the U.S. ended the first quarter at their lowest point since the housing crisis, with values in 20 major cities dropping 2.6% in March compared with the same period a year earlier. The gauge is currently down about 35% from its peak before...

    Tags: Homes, Values, Land Price, Religion and Belief

    5. May 26, 2012 |Story| Los Angeles Times

  5. BofA tries turning distressed homeowners into renters

    Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed homeowners are being offered one last chance to stay in their homes: Become renters instead.
    Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed homeowners are being offered one last chance to stay in their homes: Become renters instead. Testing a mortgage-to-lease program in the Golden State,...

    Tags: Rental Service, Mortgages, Investments, G8, Economy, Business and Finance

    6. May 27, 2012 |Story| Los Angeles Times

  6. Federal Reserve uses YouTube to promote free foreclosure reviews

    It sounded like the biggest no-brainer in the history of bank screw-ups -- a free, government-sponsored review of foreclosure proceedings, with compensation for homeowners who suffered financial harm.
    It sounded like the biggest no-brainer in the history of bank screw-ups -- a free, government-sponsored review of foreclosure proceedings, with compensation for homeowners who suffered financial harm. As it turned out, so few borrowers responded that the...

    Tags: Mortgages, Media Industry, Economy, Business and Finance, Citigroup Incorporated, HSBC Holdings plc

    7. May 25, 2012 |Story| Los Angeles Times

  7. Las Vegas housing market improves in April

    A new report shows Las Vegas metro area prices rose year-over-year in April for the first time since June 2010.
    A new report shows Las Vegas metro area prices rose year-over-year in April for the first time since June 2010. The median home price for the region was up 2.5% from April 2011 and 4.3% from the prior month to hit $119,000, according to research firm...

    Tags: Homes, Credit and Debt

    8. May 24, 2012 |Story| Los Angeles Times

  8. Freddie Mac: 30-year mortgage rate down a tick at 3.78%

    Record low interest rates for 30-year mortgages edged down another tick, Freddie Mac said in its latest <a title=&quot;Freddie Mac rate survey May 24, 2012" href="http://freddiemac.mediaroom.com/index.php?s=12329&amp;item=128848" target="_blank">survey</a>, which showed lenders across the nation offering the benchmark loan at 3.78% compared to 3.79% last week. The typical rate on a 15-year fixed loan held steady at 3.04%.
    Record low interest rates for 30-year mortgages edged down another tick, Freddie Mac said in its latest survey, which showed lenders across the nation offering the benchmark loan at 3.78% compared to 3.79% last week. The typical rate on a 15-year fixed...

    Tags: Homes, Mortgages, Freddie Mac, Banking

    9. May 23, 2012 |Story| Los Angeles Times

  9. Facebook, Wall Street banks under fire from lawmakers and lawyers

    WASHINGTON &#8212; Already grappling with regulatory reviews of its troubled initial public offering, Facebook Inc. and the Wall Street banks that shepherded the deal are now under fire from lawmakers and lawyers.
    WASHINGTON — Already grappling with regulatory reviews of its troubled initial public offering, Facebook Inc. and the Wall Street banks that shepherded the deal are now under fire from lawmakers and lawyers. Two congressional committees said...

    Tags: Financing and Stock Offerings, Media Industry, Economy, Business and Finance, Stock Market, Crime, Law and Justice

    10. May 22, 2012 |Story| Los Angeles Times

  10. When bankers become bettors

    Addiction counselors tell their clients, &quot;We can't help you until you admit you have a problem." It's time for American financial institutions to admit they have a gambling problem.
    Addiction counselors tell their clients, "We can't help you until you admit you have a problem." It's time for American financial institutions to admit they have a gambling problem. -------------------- FOR THE RECORD: Banks: In a May 22 Op-Ed about...

    Tags: Mutual Funds, Economy, Business and Finance, Belmont Stakes, Christopher Dodd, Carl Levin

    11. May 23, 2012 |Story| Los Angeles Times

  11. Congressional committees looking into Facebook IPO problems

    WASHINGTON -- Two congressional committees are looking into the troubled initial public offering of&nbsp;Facebook Inc., aides said Wednesday.
    This post has been corrected, as indicated below.
    WASHINGTON -- Two congressional committees are looking into the troubled initial public offering of Facebook Inc., aides said Wednesday. The Senate Banking Committee and House Financial Services Committee are both conducting preliminary inquiries, though...

    Tags: Judges, Financing and Stock Offerings, Morgan Stanley Dean Witter & Company, Media Industry, Economy, Business and Finance

    12. May 22, 2012 |Story| Los Angeles Times

  12. California Legislative Analyst OKs mortgage settlement cash shift

    SACRAMENTO -- Part of California's share of a national legal settlement with five big mortgage banks can be used to help fill a $15.7-billion hole in the governor's proposed budget, the state Legislature's non-partisan policy advisor recommended.
    SACRAMENTO -- Part of California's share of a national legal settlement with five big mortgage banks can be used to help fill a $15.7-billion hole in the governor's proposed budget, the state Legislature's non-partisan policy advisor recommended. The...

    Tags: Finance, Mortgages, Regional Authority, Jerry Brown, Economy, Business and Finance

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