Toll Brothers Profit Rises as Housing Market Rebounds
Toll Brothers posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices.
Mortgages
5 Things You Must Know About Mortgages
Even after the housing crisis, many potential buyers still don't know even the most basic things about mortgages. Here are five essential facts about financing a home.
U.S. Homebuilders' Confidence Climbs in May
Confidence among U.S. homebuilders rebounded in May, reflecting improved sales trends during the spring home-selling season.
Fannie Mae Posts Record $60B Quarterly Profit
Mortgage-backer Fannie Mae will pay a dividend of $59.4 billion to the U.S. Treasury next month, a feat thought unthinkable just a few years ago following a federal bailout.
Court: U.S. Can Pursue Case Against BofA Over Mortgages
A federal judge rules that the U.S. can pursue parts of a civil lawsuit against Bank of America for its sale of toxic mortgages to Fannie Mae and Freddie Mac.
Freddie Mac Posts Near-Record Profit in First Quarter
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market.
U.S. Home Prices Surge 10.5% in March
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
BofA, MBIA Reach Settlement in Mortgage Dispute
Bank of America agrees to pay MBIA $1.6 billion to settle a dispute over soured mortgage securities issued during the U.S. housing boom.
No Surprises Expected as Fed Ends 2-Day Meeting
The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy.
Surge in New-Home Sales Signals Reviving Housing Market
Sales of new homes rebounded in March to the second fastest sales pace in three years, adding evidence of a sustained housing recovery.
Existing Home Sales Edge Down as Prices Rise
U.S. home resales edged downward in March, pointing to some slowdown in the housing market recovery pace as overall economic activity cools.
Bank of America to Pay $500M to Settle Investor Lawsuit
Bank of America says it will pay $500 million to settle a class-action lawsuit involving investors who say they were misled in their purchase of mortgage-backed investments.
Mortgage Insurers Funneled Kickbacks to Lenders, Alleges CFPB
On Thursday, the Consumer Financial Protection Bureau filed complaints against four mortgage insurers who the CFPB claimed had paid millions in kickbacks to mortgage lenders.
Drop in Interest Rates Boosts Demand for Home Mortgages
Applications for U.S. home mortgages rebounded last week as interest rates pulled back for the first time in three weeks, fresh data show.
Fed Seen Maintaining Stance on Record Low Interest Rates
The Federal Reserve on Wednesday is expected to maintain its resolve to keep borrowing costs at record lows despite growing signs that the economy is strengthening.