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Home prices up 11.3 percent in 2013

WASHINGTON, Feb. 25 (UPI) -- U.S. home prices rose 11.3 percent in 2013, the closely watched S&P/Case-Shiller Home Price Index report said Tuesday.

Home prices rose marginally in November

WASHINGTON, Jan. 23 (UPI) -- U.S. home prices rose 0.1 percent in November, the Federal Housing Finance Agency said Thursday.

FHFA settlements for 2013 reached $7.9 billion

WASHINGTON, Jan. 2 (UPI) -- The U.S. Federal Housing Finance Agency said Thursday it had collected $7.9 billion in settlements from financial firms in 2013.
Countrywide to cost BofA 30 times its purchase price

Countrywide to cost BofA 30 times its purchase price

CHARLOTTE, N.C., Dec. 27 (UPI) -- Bank of America could pay 30 times what it paid for Countrywide Financial Corp. in fines and fees connected to the deal, the U.S. bank's figures show.

Home prices rose in October

WASHINGTON, Dec. 24 (UPI) -- U.S. home prices rose 0.5 percent in October from September, the Federal Housing Finance Agency said Tuesday.
Home prices make solid gains in third quarter

Home prices make solid gains in third quarter

NEW YORK, Nov. 26 (UPI) -- U.S. home prices posted gains in the third quarter, private and public reports released Tuesday show.
Fannie Mae files suit against nine banks

Fannie Mae files suit against nine banks

NEW YORK, Oct. 31 (UPI) -- The Federal National Mortgage Association, known as Fannie Mae, sued nine banks Thursday for manipulating a key benchmark lending rate.

Commentary: Costly greed

WASHINGTON, Oct. 28 (UPI) -- Wall Street greed coupled with dire online warnings of financial disasters to come paint a grim picture of the state of democratic capitalism.
ARNAUD DE BORCHGRAVE, UPI Editor at Large
JPMorgan Chase reaches $5.1 billion agreement with FHFA

JPMorgan Chase reaches $5.1 billion agreement with FHFA

NEW YORK, Oct. 26 (UPI) -- U.S. financial giant JPMorgan Chase said it agreed to pay $4 billion to resolve litigation issues with the Federal Housing Finance Agency.
Jury finds Bank of America guilty of loan fraud

Jury finds Bank of America guilty of loan fraud

NEW YORK, Oct. 23 (UPI) -- A Manhattan jury found Bank of America guilty of fraud by purchasing Countywide Financial, which, in 2007, rushed to sell loans to national mortgage brokers.
Home prices up slightly in August

Home prices up slightly in August

WASHINGTON, Oct. 23 (UPI) -- The U.S. Federal Housing Finance Agency's House Price Index rose 0.3 percent in August with prices now higher for 19 consecutive months, the agency said.

Report: JPM, Justice Dept. reach $13B settlement

WASHINGTON, Oct. 19 (UPI) -- JPMorgan Chase & Co. has tentatively agreed to pay $13 billion to settle civil complaints in its mortgage securities business, U.S. officials said.
Strength of housing recovery questioned

Strength of housing recovery questioned

NEW YORK, Sept. 30 (UPI) -- The recovery in the U.S. housing market could run out of steam if it depends on investors to carry it along, an economic report explains.

JPMorgan Chase could face fine of $11 billion or more

WASHINGTON, Sept. 27 (UPI) -- A Department of Justice settlement with JPMorgan Chase could result in a fine of more than $11 billion, sources told The Wall Street Journal.

June to July, home prices rise

WASHINGTON, Sept. 24 (UPI) -- Home prices rose from June to July, a government agency and a private firm reported Tuesday.

Easy money is narcotic

COLLEGE PARK, Md., Sept. 20 (UPI) -- Easy money is a painkiller, not a cure.
PETER MORICI, UPI Outside View Commentator

JPMorgan Chase to pay more than $700 million fine over trading losses

NEW YORK, Sept. 16 (UPI) -- Authorities are prepared to fine U.S. bank JPMorgan Chase more than $700 million in response to $6 billion in trading losses, sources told The New York Times.

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.
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.

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.
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