MORTGAGE

Shares of companies active in Monday's early trade are: Walgreen, Canadian Pacific Railway, Netflix Inc., Express Inc., Molycorp and St. Jude Medical.

An unexpected jump in oil prices and the potential for further tightening of fiscal policy suggest less economic momentum than previously believed, according to the March 2011 Economic Outlook released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group.

Sales of previously owned U.S. homes plunged in February and prices hit their lowest level in nearly nine years, implying a housing market recovery was still a long way off.

Existing home sales in the US fell more than expected in February, indicating an uneven recovery in the housing industry. Sales of previously owned homes dropped 9.6 percent to 4.88 million in February compared with an upwardly revised figure of 5.40 million in January, the National Association of Realtors said on Monday.

U.S. home loan demand fell slightly in the week ended March. 11, following a sharp increase in the previous week.

American International Group's bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally.

The home of Allen Iverson, the former NBA star and current player for Turkish team Be?ikta?, is in foreclosure.

Foreclosure filings dropped to a 3-year low in February due to an ongoing backlog following last year's halt in activity, according to a RealtyTrac report on Thursday.

Applications for home mortgages jumped to the highest level in three months last week, buoyed by improvements in the job market, an industry group said on Wednesday.

U.S. home loan demand rose sharply in the week ended March. 4, as the nation witnesses continued improvement in the labor market.

China Overseas Land and Investment Ltd (0688.HK), one of the country's biggest developers, will focus on business in affluent first- and second-tier cities in the future, Chairman Kong Qingping said over the weekend.

Bank of China Ltd, the country's No. 4 lender, expects growth in mortgage lending to slow this year as the government moves to cool property prices, the bank's president said on Saturday.

Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.

Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.

The text of Wisconsin Governor Scott Walker’s speech regarding the budget:

Futures on major U.S. indices point to modestly lower opening on Wednesday as investors eye economic data including ADP national employment report.

Financial penalties extracted from large banks over their mortgage servicing practices may be used for loan modifications, a top Obama administration official said on Monday.

Bank of America's online banking goes down and subsequently gets restored, says the company's Twitter account.

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Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be modestly higher after reforms are completed to the national housing finance system.

Chinese shares rose on Tuesday on decent volume suggesting further strength ahead, while markets in Hong Kong struggled to hold gains under pressure from a near 5 percent slide in heavyweight HSBC.