The Federal Housing Administration (FHA)'s mortgage insurance fund is threatened by declining home prices and could require a taxpayer bailout, Congress members said at a hearing on Thursday, echoing an earlier report.
Roland Li
Dec 01, 2011
Average rates for 30-year fixed-rate U.S. mortgages increased slightly to 4 percent from 3.98 percent in the week ending Dec. 1, according to Freddie Mac.
Roland Li
Dec 01, 2011
A new ad from the Ron Paul campaign points out Gingrich's plentiful inconsistencies.
Ashley Portero
Dec 01, 2011
U.S. mortgage applications decreased on a seasonally adjusted basis by 11.7 percent in the week ending Nov. 25, according to the Mortgage Bankers Association (MBA).
Roland Li
Nov 30, 2011
Wells Fargo Securities said the California housing market continues to struggle and is not yet ready to bolster California's economic rebound.
Balasubramanyam Seshan
Nov 30, 2011
For most of the Republican nomination race thus far, Jon Huntsman has been considered little more than a side note. But while his national poll numbers remain very low, he is gaining support in New Hampshire. What are his positions?
IBT Staff Reporter
Nov 30, 2011
The Inspector General of the Federal Housing Finance Agency (FHFA) said in a report released on Tuesday that the regulator did not provide enough oversight of Fannie Mae and Freddie Mac in mortgage repurchases, executive compensation and other transactions.
Roland Li
Nov 29, 2011
The planned retirement of Congressman Barney Frank, D-Mass., leaves the Democratic party lacking in the YouTube mojo department. Partisan sniping aside, Frank was a regular source of one-liners and playful harassment of his legislative colleagues and TV talking heads.
Joseph Orovic
Nov 28, 2011
The U.S. average 30-year fixed-rate mortgage rate remained steady at 3.98 percent in the week ending Nov. 17, according to Freddie Mac.
Roland Li
Nov 23, 2011
Former House Speaker Newt Gingrich is the current beneficiary of Republican voters' perpetual search for an alternative to Mitt Romney, and he's enjoying the amplified media attention that accompanies a rise in the polls. If he declines, is Huntsman next? Or is it time to write-off the former Utah governor?
Jeremy White
Nov 22, 2011
A company run by former American International Group Inc Chief Executive Maurice Hank Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional.
IBT Staff Reporter
Nov 21, 2011
After being blacklisted by Fannie Mae and Freddie Mac, troubled foreclosure firm Steven J. Baum PC announced on Monday that it would be closing.
Roland Li
Nov 21, 2011
Sales of previously owned homes in the U.S. rose in October while the number of homes on the market continued to decline, according to the National Association of Realtors. Although falling property values and near record-low borrowing costs are starting to appeal to homebuyers, a growing trend of last minute cancellation suggests that even those who are looking to buy are worried about the housing market.
Moran Zhang
Nov 21, 2011
Presidential candidate Newt Gingrich has roared into the lead of the Republican nominating race, brushing off concerns about his work for a troubled housing company, a Reuters/Ipsos poll showed.
J.J. McGrath
Nov 20, 2011
The U.S. House and Senate voted to increase the threshold of mortgages backed by the Federal Housing Adminstration (FHA) to $729,750, a move that would give more homeowners access to lower interest rates.
Roland Li
Nov 18, 2011
With Herman Cain's fall, Newt Gingrich is up to bat as the latest conservative alternative to Mitt Romney. Where does the former speaker of the House stand on the issues?
IBT Staff Reporter
Nov 17, 2011
Top executives at Fannie Mae and Freddie Mac on Wednesday defended their companies' pay practices from attack by lawmakers angry that the government-controlled firms were paying out nearly $13 million in executive bonuses.
IBT Staff Reporter
Nov 16, 2011
A list of compensation packages given to previous Fannie Mae and Freddie Mac CEOs during the past decade or so was released in a report produced by the House Oversight and Government Reform committee.
Moran Zhang
Nov 16, 2011
Top executives at Fannie Mae and Freddie Mac defended their lucrative pay before a House panel on Wednesday, one day after lawmakers approved suspending top executive compensation packages and moving the firms' thousands of employees onto a pay scale that lines up with federal financial regulators.
Moran Zhang
Nov 16, 2011
Top executives at Fannie Mae and Freddie Mac on Wednesday defended their companies' pay practices which have drawn opposition after it was disclosed the government-controlled firms were paying out nearly $13 million in executive bonuses.
IBT Staff Reporter
Nov 16, 2011
Real estate mogul Sam Zell's Equity Residential is the lead bidder to buy 53 percent of rival company Archstone for over $2.5 billion, the Wall Street Journal reported.
Roland Li
Nov 16, 2011
Newt Gingrich earned between $1.6 million and $1.8 million as a consultant for the government-sponsored mortgage company Freddie Mac, far more than the $300,000 contract he disclosed in a recent debate, according to a Bloomberg News investigation. The advice he reportedly gave them contradicts his recent criticisms of the company.
IBT Staff Reporter
Nov 16, 2011