| Dec 10, 2013
| 4:20 PM
WASHINGTON -- The Senate voted 57-41 on Tuesday to confirm Rep. Mel Watt to head the agency overseeing Fannie Mae and Freddie Mac, ending a long battle by President Obama to install a regulator open to more aggressive action to help struggling homeowners....
| Dec 10, 2013
| 8:37 PM
WASHINGTON — The Senate on Tuesday confirmed Patricia Millett for the U.S. Court of Appeals for the District of Columbia Circuit and Rep. Melvin Watt (D-N.C.) to lead the Federal Housing Finance Agency, the first nominees approved since the...
| Dec 11, 2013
| 10:34 AM
Home Depot Inc. is another beneficiary of the housing boom.
The largest U.S. home-improvement retailer said Wednesday that it would meet a profit-improvement goal one year ahead of schedule, thanks in part to demand created by homeowners.
| Dec 12, 2013
| 8:19 AM
Fixed mortgage rates edged lower this week, with Freddie Mac reporting that lenders were offering 30-year fixed home loans at an average of 4.42%, down from 4.46% a week earlier.
The average offering rate for the 15-year fixed mortgage was 3.43%, down...
| Dec 13, 2013
| 12:09 PM
The Federal Housing Administration, fresh from a $1.7-billion bailout, now projects that it will replenish its financial reserves to required levels in 2015, two years faster than it had predicted a year ago.
The agency said its net worth remains in the...
| Oct 29, 2013
| 12:32 PM
Is this the end of bargain mortgage rates?
Home lending will fall by a third next year as interest rates rise, a mortgage industry group says in a new forecast.
The Mortgage Bankers Assn. said Tuesday that it expects to see $1.19 trillion in new...
| Oct 30, 2013
JPMorgan Chase is trying to reach a multibillion-dollar deal with the federal government to settle allegations of securities fraud — based largely on claims against two failing banks it rescued during the crisis at Washington's behest. The...
| Oct 25, 2013
| 6:18 PM
NEW YORK — The widely expected $13-billion settlement between JPMorgan Chase & Co. and the federal government started to take shape with details in a key deal unveiled Friday.
The New York bank agreed to pay $5.1 billion to the regulator...
| Oct 31, 2013
| 7:52 AM
Mortgage rates slipped lower this week, with Freddie Mac saying lenders were offering the 30-year fixed-rate home loan at an average 4.1%, compared with 4.13% last week.
The average rate for a 15-year fixed mortgage was 3.2%, down from last week’s...
| Oct 31, 2013
| 10:35 AM
WASHINGTON -- The nomination of Rep. Mel Watt to be the regulator for housing finance giants Fannie Mae and Freddie Mac failed a key procedural vote Thursday because of strong Republican opposition.
President Obama nominated Watt, a veteran Democrat...
| Nov 1, 2013
| 6:01 PM
WASHINGTON — In blocking the nomination of Rep. Mel Watt to head a top housing agency, Senate Republicans showed they preferred to keep oversight of Fannie Mae and Freddie Mac in the hands of a career bureaucrat who opposes providing more aggressive...