| Aug 6, 2013
| 7:47 PM
In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."
The civil suits,...
| Sep 11, 2013
| 10:47 AM
Mortgage titan Fannie Mae depends on Douglas G. Duncan, its chief economist, to keep a close eye on the nation’s housing market. Duncan met with Times editors and reporters in Los Angeles this week to share his views on where the market is headed....
| Aug 1, 2013
| 8:07 AM
Fixed mortgage rates moved higher this week after two weeks of declines, with the widely watched Freddie Mac survey pegging the average rate for a 30-year home loan at 4.39%, up from 4.31% last week.
That makes five weeks in a row of readings well above...
| Aug 14, 2013
| 7:16 PM
Fixed mortgage rates held steady this week, according to home finance giant Freddie Mac, with lenders offering the 30-year home loan at an average of 4.4%, the same as last week.
The average rate for a 15-year fixed loan was 3.44% compared to 3.43% a...
| Aug 19, 2013
| 11:36 AM
The largest online real estate information site, Zillow Inc., said Monday it will purchase rival website StreetEasy for $50 million to gain an edge in the New York housing market.
The acquisition will allow Zillow to tap into StreetEasy's 1.2 million...
| Aug 16, 2013
| 6:49 PM
WASHINGTON — You may have seen two sets of news reports recently that didn't quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac, the country's largest providers of funds for home mortgages. Then, Fannie Mae...
| Jul 21, 2013
| 9:18 PM
Sinking money into real estate investment trusts is considered to be one of Wall Street's most complex investments.
Owning shares of REITs gives investors an opportunity to get investment exposure to real estate, including apartments, shopping centers...
| Aug 30, 2013
| 6:09 PM
In a new legal challenge, financial industry opponents of the city of Richmond's plan to seize underwater home loans call the gambit a disguised attempt to profit at the expense of everyday investors.
Richmond is threatening to use eminent domain to...
| Jul 25, 2013
| 3:22 PM
WASHINGTON -- U.S. regulators said Thursday that they reached an $885-million settlement with UBS Americas Inc. of a suit alleging that the subsidiary of the Swiss banking giant misrepresented mortgage bonds it sold to Fannie Mae and Freddie Mac.
| Jul 25, 2013
| 8:07 AM
Mortgage rates eased for the second straight week, according to Freddie Mac, with lenders offering the 30-year fixed home loan to solid borrowers at an average of 4.31%, down from 4.37% a week ago.
The typical rate for a loan fixed for 15 years...
| Aug 27, 2013
| 6:52 AM
Home prices in large U.S. cities rose sharply in June, marking the fourth consecutive double-digit gain for the nation’s leading home price index.
The Standard & Poor’s Case-Shiller index for the nation's biggest 20 cities was up 2.2% from...