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Fewer homes entered foreclosure in August
Lenders initiated foreclosure action in August against the fewest U.S. homes for any month in nearly eight years, a trend that should help reduce the number of homes lost to foreclosure in the months ahead.
Proposal gives banks more leeway on mortgage bonds
Banks may be allowed to hold a smaller stake in the mortgage investments they sell if those loans are made to homebuyers with stronger finances.
US new-home sales plunge as mortgage rates rise
Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may weigh on the housing recovery.
Fannie’s loss is Uncle Sam’s gain
The federal government is making a killing on mortgages.
Milwaukee County appeals Fannie, Freddie decision
Milwaukee County’s attorneys filed an appeal Tuesday over a federal judge’s dismissal of a lawsuit over whether Fannie Mae and Freddie Mac are liable for transfer taxes.
Freddie Mac earns $5 billion in second quarter
Freddie Mac earned $5 billion from April through March, the seventh straight profitable quarter for the mortgage giant.
Obama pitches mortgage overhaul
Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation's mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be left "holding the bag" for the mortgage giants' bad bets.
Late-payment rate on mortgages fell in 2Q
Homeowners are doing a better job of making timely mortgage payments, a trend that brought down the national late-payment rate on home loans in the second quarter to the lowest level in five years.
US home prices rise 12.2 percent, best in 6 years
U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.
US average rate on 30-year loan falls to 4.31 pct.
Average rates on U.S. fixed mortgages fell for the second straight week, a welcome sign for homebuyers hoping to lock in lower rates that had spiked earlier this month.
Judge dismisses Milwaukee County suit against Fannie, Freddie
A federal judge dismissed Milwaukee County’s lawsuit to recoup an estimated $1 million it claimed to be owed by Fannie Mae and Freddie Mac in unpaid real estate transfer taxes.
US home prices rise in May by most in 7 years
U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.
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Project Profiles
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- Illinois developer worked with Wisconsin contractor to build 258-unit Wauwatosa apartment complex
- VJS Construction raises the roof for Bruce Guadalupe Community School expansion project
- Microgrid pilot project will store energy for village affected by outages
- Dane County sees uptick in highway work zone crashes, on track to exceed last year
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- FPC Live slims venue proposal to 1 downtown building
- Children’s Hospital urgent care center in Milwaukee gets first round of city approval
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