Real Estate
  • U.S. accuses Bank of America of mortgage-backed securities fraud

    U.S. accuses Bank of America of mortgage-backed securities fraud

    By David Ingram and Peter Rudegeair, Reuters

    WASHINGTON/NEW YORK (Reuters) - The U.S. government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential...

  • Obama to back mortgage finance reform to speed housing recovery

    Obama to back mortgage finance reform to speed housing recovery

    By Mark Felsenthal and Margaret Chadbourn, Reuters

    WASHINGTON (Reuters) - President Barack Obama will propose overhauling the U.S. mortgage finance system in a speech on Tuesday, weighing in on a tangled and polarizing problem that was central to the...

  • Obama to Claim Some Credit for Housing Rebound

    By Mark Felsenthal, Reuters

    With images of vacant, half-built residential developments that gathered dust after the Great Recession, the U.S. Southwest once symbolized the 2008-2012 housing bust that wiped out $7 trillion in...

  • Drop in jobless rate puts Fed closer to end of QE3: Fed's Fisher

    Drop in jobless rate puts Fed closer to end of QE3: Fed's Fisher

    By Ann Saphir, Reuters

    PORTLAND, Oregon (Reuters) - The Federal Reserve is nearer to dialing back its massive bond-buying program after the unemployment rate dropped last month, a top Fed official said on Monday, the...

  • Fed stays on track with bond buying, for now

    Fed stays on track with bond buying, for now

    By Pedro da Costa and Alister Bull, Reuters

    WASHINGTON (Reuters) - The Federal Reserve on Wednesday said the economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying...