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Fri, 03 Jul 2009 12:08:41 GMT |
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BusinessWeek Online - U.S. job losses in June rose to 467,000 as the national unemployment rate rose to 9.5%. This follows a decade where job creation in the private sector hovered in the 1% range. In our feature segment, Chief Economist Michael Mandel explains why job growth has stalled, its importance, and what can be done to reverse this trend. Plus, the latest on the troubled housing market and Wal-Mart's (wmt.) unusual alliance with a labor union. |
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Thu, 02 Jul 2009 19:56:55 GMT |
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Reuters - U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said. |
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Wed, 01 Jul 2009 21:57:34 GMT |
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 Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
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Wed, 01 Jul 2009 20:21:49 GMT |
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AP - The dollar was lower against most major currencies Wednesday on mixed economic reports that showed more stable manufacturing activity and a rise in pending home sales. |
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Wed, 01 Jul 2009 18:10:00 GMT |
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Time.com - Home sales are improving lately, but it's the small starter homes that sell, while big expensive houses go unloved |
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Wed, 01 Jul 2009 17:22:43 GMT |
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AP - The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth. |
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Wed, 01 Jul 2009 15:32:43 GMT |
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AP - Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday. |
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Wed, 01 Jul 2009 15:20:02 GMT |
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 AP - Pending home sales rose in May for the fourth straight month, spurred by low prices and a first-time homebuyers tax credit, fresh evidence that the housing sector may be recovering.
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Wed, 01 Jul 2009 14:07:28 GMT |
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 Reuters - Pending sales of previously owned U.S. homes rose slightly in May, the fourth straight monthly gain, a real estate trade group said on Wednesday.
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Wed, 01 Jul 2009 13:54:22 GMT |
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 Reuters - U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.
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Tue, 30 Jun 2009 21:11:41 GMT |
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AP - The Treasury Department said Tuesday that it has approved three more firms for its mortgage relief program. |
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Tue, 30 Jun 2009 21:00:15 GMT |
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Reuters - A program to avert residential mortgage foreclosures has saved almost 60 percent of its participants from losing their homes in a sheriff's sale, officials said on Tuesday. |
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Tue, 30 Jun 2009 19:10:27 GMT |
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 AP - Newfound signs of stability in the housing market could still be threatened by rising foreclosures and slow efforts to stop them, according to two reports released Tuesday.
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Tue, 30 Jun 2009 15:17:34 GMT |
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AP - Chase said Tuesday it has approved 138,000 trial mortgage modifications for struggling homeowners in the past three months. |
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Tue, 30 Jun 2009 14:51:57 GMT |
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AP - Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures. |
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Mon, 29 Jun 2009 22:27:00 GMT |
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McClatchy Newspapers - WASHINGTON — The housing bubble, lax regulatory oversight and an influx of shady loan professionals have made lawmakers uneasy about the safety and soundness of the popular government-backed reverse-mortgage program. |
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Mon, 29 Jun 2009 21:54:25 GMT |
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AP - State Street Corp. on Monday disclosed in a regulatory filing that the Securities and Exchange Commission could bring civil charges against its main subsidiary for possible securities violations tied to past investments in subprime mortgages. |
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Mon, 29 Jun 2009 19:47:06 GMT |
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Reuters - A divided U.S. Supreme Court ruled on Monday that the New York attorney general's office can investigate whether national banks discriminated against minorities seeking mortgages. |
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Mon, 29 Jun 2009 16:31:17 GMT |
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AP - Real estate investment trust Weingarten Realty Investors said Monday it has expanded an offer to repurchase outstanding notes to a total $325 million, and extended the time it's giving investors to decide on the maximum tender offer. |
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Mon, 29 Jun 2009 14:33:38 GMT |
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 Reuters - Asset management and servicing giant State Street Corp said it might face civil charges by U.S. securities regulators for exposing investors to losses on subprime mortgages.
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