Construction on new homes rose in September to its fastest pace in more than four years, the Commerce Department reported Wednesday.
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The FHFA’s inspector general is urging Fannie Mae and Freddie Mac to recover some of the losses incurred by strategic defaults.
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As foreclosure backlogs have decreased, so have many of the big discounts on home prices.
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The demand for purchase loans, which serves as a major indicator of future home sales, reached its highest level last week since June.
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Bank of America, the nation’s second-largest bank, reports that mortgage originations soared 18 percent over year-ago levels, but the company is still cautious about home loans.
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REALTOR® associations have committed millions of dollars in support of Measure 79, which would ban real estate transfer taxes in the state of Oregon.
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