| 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...
| Aug 8, 2013
President Obama this week joined lawmakers from both parties in calling for Congress to wind down Fannie Mae and Freddie Mac, the privately owned but government-backed companies that supply most of the funding for home mortgages in this country. There...
| Oct 11, 2013
| 5:01 PM
Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government.
The condo sits on land owned by an Indian tribe, so the sale must be...
| Sep 27, 2013
| 6:28 PM
WASHINGTON — It's an issue that hasn't gotten much attention but should be a red alert for first-time buyers and others who supplement their incomes with part-time work: Though part-time earnings are playing an increasingly important role in the...
| May 1, 2013
| 8:54 AM
WASHINGTON -- President Obama will nominate Democratic Rep. Mel Watt to head the federal housing agency that oversees taxpayer-owned Fannie Mae and Freddie Mac, a White House official said Wednesday.
Watt, an 11-term congressman from North Carolina,...
| Aug 8, 2013
| 7:28 AM
WASHINGTON -- Boosted by the housing market rebound, bailed-out mortgage-finance giant Fannie Mae posted its sixth straight quarterly profit in the April-June period and will pay an additional $10.2 billion in dividends to the federal government.
| Aug 12, 2013
| 12:27 PM
California’s post-recession moment for housing affordability appears to be ending fast.
Rising home prices in the San Francisco Bay Area and other coastal markets rapidly shut out a huge chunk of the state’s home-buying population last...
| Aug 13, 2013
| 4:57 PM
There may be a new glitch in Richmond’s strategy to bring mortgage relief to residents using the city's eminent domain powers.
The federal government has raised concerns that participating homeowners may not be eligible to refinance into the kinds...
| Aug 15, 2013
| 6:04 PM
The city of Richmond recently asked financial institutions to sell 624 troubled mortgages — and threatened to seize them through eminent domain. Now the city has its answer: We can't help you.
The city aims to provide its residents mortgage relief...