Headlines

Second quarter GDP revised higher

WASHINGTON, Aug. 29 (UPI) -- The U.S. economy grew at an annual rate of 2.5 percent in the second quarter of 2013, the Commerce Department said Thursday in the second of three estimates.

U.S. home prices rose in second quarter

WASHINGTON, Aug. 22 (UPI) -- Rising prices drove the U.S. Federal Housing Finance Agency House Price Index up 2.1 percent in the second quarter of 2013, its eighth straight quarterly gain.

FDIC to charge Sallie Mae with overcharging military personnel

WASHINGTON, Aug. 10 (UPI) -- The former U.S. government-sponsored financial firm known as Sallie Mae said regulators would soon accuse the firm with overcharging for student loans.

Obama asks Congress to give Americans the chance to refinance

WASHINGTON, Aug. 10 (UPI) -- President Obama said Saturday it's time to create a better bargain for "responsible, middle-class homeowners" now that the U.S. housing market is rebounding.
Tough choices behind Obama's mortgage initiative

Tough choices behind Obama's mortgage initiative

COLLEGE PARK, Md., Aug. 9 (UPI) -- U.S. President Barack Obama wants private banks to use depositor and investor funds to write 30-year, fixed-rate mortgages at affordable rates. He won't admit those goals and others imposed by Congress require the federal government to guarantee mortgages and banks against failure.
PETER MORICI, UPI Outside View Commentator
Fannie Mae to pay back $10.2B to Treasury

Fannie Mae to pay back $10.2B to Treasury

WASHINGTON, Aug. 8 (UPI) -- Fannie Mae said Thursday it turned a $10.1 billion profit and would pay that plus $100 million to the U.S. Treasury, shrinking its housing crisis bailout debt.
Obama outlines new push for U.S. housing industry

Obama outlines new push for U.S. housing industry

PHOENIX, Aug. 6 (UPI) -- The housing industry was ready for another push although with precautions to keep unqualified buyers out of the market, President Obama said Tuesday in Arizona.

The almanac

UPI Almanac for Thursday, Aug. 1, 2013.
By United Press International
UBS to pay $885M to settle lawsuit with U.S. housing agency

UBS to pay $885M to settle lawsuit with U.S. housing agency

WASHINGTON, July 26 (UPI) -- Swiss bank UBS has agreed to pay $885 million to settle a lawsuit over mortgages sold to the U.S. government-sponsored Fannie Mae and Freddie Mac.

U.S. home prices up modestly in May

WASHINGTON, July 23 (UPI) -- A U.S. home price index rose 0.7 percent April to May, the Federal Housing Finance Agency said Tuesday.

Jumbo loans bounce back

NEW YORK, July 12 (UPI) -- Those bigger than big U.S. home loans called jumbo loans are showing signs of a recovery, lending experts said.

Citigroup to pay Fannie Mae $968 million

WASHINGTON, July 1 (UPI) -- Citigroup said Monday it would pay the Federal National Mortgage Association $968 million to resolve claims concerning 3.7 million mortgages.
Report: Home prices find momentum in upswing

Report: Home prices find momentum in upswing

NEW YORK, June 25 (UPI) -- U.S. home prices headed higher in April, posting double-digit gains in a closely watched private report.

Banks cooking up another financial crisis

COLLEGE PARK, Md., June 17 (UPI) -- Wall Street is cooking up another crisis -- making shoddy loans and selling worthless securities to investors hungry for higher yields than certificates of deposit and government bonds offer.
PETER MORICI, UPI Outside View Commentator

FHFA: Home prices indicate market stability

WASHINGTON, May 23 (UPI) -- A U.S. home price index rose 1.9 percent in the first quarter, the Federal Housing Finance Agency said Thursday.
U.S. budget deficit shrinks faster than expected

U.S. budget deficit shrinks faster than expected

WASHINGTON, May 14 (UPI) -- The U.S. budget deficit is shrinking faster than thought, falling to $642 billion from the $845 billion projected in February, number-crunchers said Tuesday.

The almanac

UPI Almanac for Wednesday, May 8, 2013.
By United Press International
Home prices rose in February

Home prices rose in February

WASHINGTON, April 23 (UPI) -- A U.S. home price index rose 0.67 percent January to February, the Federal Housing Finance Agency said Tuesday.

Zandi cited as possible head of FHFA

WASHINGTON, April 15 (UPI) -- The White House has been testing the reaction in Washington to economist Mark Zandi running the Federal Housing Finance Agency, a policy analyst said.
Home prices push higher

Home prices push higher

WASHINGTON, March 21 (UPI) -- A U.S. home price index rose 0.6 percent December to January, the Federal Housing Finance Agency said Thursday.

UPI NewsTrack Business

Markets drop early ... Consumer finances squeezed in January ... Report rethinks housing support ... Japan January CPI down 0.2 percent ... News from United Press International.

Report rethinks housing support

WASHINGTON, March 1 (UPI) -- A report from a bipartisan think tank said the U.S government should slowly back out of supporting the housing market as extensively as it does now.

UPI NewsTrack Business

U.S. market comeback weakens ... Home prices end 2012 with strong gains ... Colombia greets coffee strike with force ... Yahoo! cancels work-at-home policy ... News from United Press International.
Home prices end 2012 with strong gains

Home prices end 2012 with strong gains

NEW YORK, Feb. 26 (UPI) -- U.S. home price indexes closed out 2012 with strong gains, two closely watched housing reports said Tuesday.

UPI NewsTrack Business

U.S. markets head higher ... U.S. home prices index rose in November ... Retail has third off week ... Mortgage action up, rates changes mixed ... News from United Press International.
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