Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month …
Mortgage
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BALTIMORE, MD – A Baltimore County resident has claimed a $50,000 prize from the Powerball drawing on March 27, with plans to use his winnings to pay off his home …
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By David Milliken LONDON (Reuters) -British house prices rose this month more than economists had expected, adding to signs that the squeeze from high interest rates is beginning to ease, …
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WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New …
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By Amina Niasse NEW YORK (Reuters) – U.S. mortgage rates fell this week to the lowest since May 2023, Freddie Mac reported on Thursday, providing a possible boost to buyer …
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TRENTON, N.J. – Nathaniel Anderson, deputy mayor of Willingboro Township, and Chrisone D. Anderson, a business associate, have been charged with orchestrating a fraudulent mortgage scheme, U.S. Attorney Philip R. …
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By Amina Niasse NEW YORK (Reuters) – Mortgage rates edged higher for a second week, a survey released on Thursday showed, but they remain near the lowest levels since early …
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By Amina Niasse NEW YORK (Reuters) – Mortgage rates fell to a six-month low this week to the lowest figure since June, indicating relief has come to prospective buyers on …
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By Ann Saphir (Reuters) – The interest rate on the most common type of U.S. home mortgage dropped last week to 6.83%, its lowest since June, as the Federal Reserve …
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(Reuters) – The average interest rate on the most popular U.S. home loan fell this week to below 7% for the first time since August as Treasury market yields dropped …
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(Reuters) – Interest rates on the most common type of U.S. home loan fell for a sixth straight week to the lowest in almost four months on the back of …
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By Ananta Agarwal (Reuters) – Real estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases …
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By Nell Mackenzie LONDON (Reuters) – Blackstone’s Mortgage Trust shares fell as much as 9% on Wednesday after short-selling hedge fund Muddy Waters said that it had taken out a …
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By Matt Tracy (Reuters) – Late payments on U.S. commercial property loans rose in November, driven by growing distress among office properties, according to a new report by Kroll Bond …
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By Jonathan Stempel (Reuters) -Bank of America agreed to pay a $12 million fine to settle U.S. regulatory charges it routinely submitted inaccurate information about mortgage applicants to the federal …
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MADRID (Reuters) – Bank of Spain Governor Pablo Hernandez de Cos on Monday said he did not see the need at the moment for banks to potentially extend mortgage relief …
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By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s biggest bank Sberbank expects a sharp cooling of the mortgage market following an expected 80% rise in mortgage lending this year, CEO German …
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BOSTON, MA – Ted Capodilupo, Joseph Masci, and Brian Ferris faced sentencing today for orchestrating a scheme to deceive a local bank and the U.S. Small Business Administration (SBA), causing …
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PHILADELPHIA, PA – In a joint endeavor, Attorney General Michelle Henry led a coalition of 50 Attorneys General to announce a $10 million settlement with payment processor ACI Worldwide, over …
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By Amina Niasse NEW YORK (Reuters) – U.S. mortgage interest rates rose to the highest since November 2000 last week, helping to drive home loan application volumes to the lowest …
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By Rishav Chatterjee (Reuters) -Australia’s Computershare said on Tuesday it was selling its U.S. mortgage services arm to asset manager Rithm Capital for $720 million, as the share registry company …
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By David Milliken LONDON (Reuters) – More Britons made enquiries with estate agents about potential house purchases over the past four weeks as mortgage rates started to fall, breaking a …
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By Sergio Goncalves LISBON (Reuters) -Portugal’s government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest rates if asked to do …
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(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, …
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NEWARK, NJ – Anthony Garvin, a 53-year-old real estate investor from Jersey City, was sentenced to 24 months in prison today for his role in a home equity line of …