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.
Filed under: Moving Service |
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.
Filed under: Moving Service |
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.
Filed under: Moving Service |
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.
Filed under: Moving Service |
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.
Filed under: Moving Service |
AP - Going into its second quarter, KB Home had everyone wondering whether the homebuilder could duplicate the standout performance of its first quarter posting a 26 percent year-over-year increase in new orders for the first time in more than three years.
Filed under: Moving Service |
U.S. News & World Report - As the historic real estate bust continues to gut home prices throughout the country, property owners everywhere are scrambling to attract buyers. For some home sellers, that might mean chipping in for closing costs; others might try to sweeten the deal by handing out perks, like a free parking spot. But for many homeowners, the most efficient way to sell a home in a depressed market is to simply drop the listing price. …
Filed under: Moving Service |
Reuters - KB Home , the No. 5 U.S. homebuilder, posted a wider-than-expected quarterly loss on Friday and reported a year-over-year decline in orders, sending its shares down nearly 8 percent.
Filed under: Moving Service |
Reuters - Freddie Mac , the second-largest U.S. home funding company, on Friday said its mortgage investment portfolio shrank by an annualized 9.9 percent rate in May, while delinquencies on loans it guarantees accelerated.
Filed under: Moving Service |
AP - Stuart Miller, CEO of Lennar Corp., tried to temper enthusiasm about a housing market recovery, but investors zeroed in on one number: a 63 percent spike in new home orders between the builder’s first and second quarters.
Filed under: Moving Service |
