U.S. Bankruptcy Judge Kathy Surratt-States in St. Louis on Tuesday approved Patriot’s request to enter a five-year contract with the United Mine Workers of America.
Read More »Fannie Mae joins Freddie Mac ignoring write-off, report says
Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on overdue loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public Monday.
Tagged with: business Fannie Mae Freddie Mac
Read More »S&P to fight for evidence lawsuit was politically motivated
Standard & Poor’s is trying to show it was unfairly singled out in a $5 billion fraud lawsuit 18 months after it downgraded U.S. sovereign debt.
Tagged with: business Standard & Poor's
Read More »Re/Max Brokerage files for IPO as housing shares rally
Re/Max, a Denver-based company that has more than 92,000 real estate agents globally, filed to raise as much as $100 million.
Tagged with: business IPO real estate
Read More »Obama: Private lending should take lead in housing market
The president for the first time endorsed an approach to remake the housing finance system as Fannie Mae and Freddie Mac are wound down.
Tagged with: Barack Obama Fannie Mae Freddie Mac housing bubble
Read More »Realogy seeks to lower loan costs as housing recovers
The firm is planning to reduce how much it pays on a $1.9 billion term loan that it repriced in February.
Read More »Best home sales in years signal building gain
Sales of new homes rose in June to the highest level in five years, pointing to gains in residential construction that will support the economic expansion in the second half of the year.
Read More »Flipping rebounds as home market revives
With prices rising at the fastest pace since the real estate peak in 2006, buying and selling houses within six months, or flipping, is back in vogue.
Read More »New-home sales rise more than forecast
Sales of new U.S. homes climbed more than forecast in May to the highest level in almost five years, a sign of continued strength in a market that’s helping fuel economic expansion.
Tagged with: housing market new-home sales
Read More »Mortgage rates surge the most in two years
The increase in mortgage rates, sparked by expectations that the Federal Reserve will scale back bond purchases, provides a test for a yearlong housing recovery that’s been fueled by home-loan costs near record lows.
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