REAL ESTATE

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U.S. seeks public comment on Fannie, Freddie

The Obama administration is asking for public comment on seven broad questions about the future of housing finance that will provide a framework for reforming Fannie Mae and Freddie Mac.

Home loan demand slumps to lowest in 3 months

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U.S. mortgage applications fell for a second straight week, with a slump in demand for government loans driving activity to its lowest level in three months, data from an industry group showed on Wednesday.

U.S. morgtage bonds at risk from Treasury yield rise

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U.S. mortgage bonds backed by government agencies Fannie Mae, Freddie Mac and Ginnie Mae have so far handily navigated the waters without the recent support of the Federal Reserve, but it may not be smooth sailing for long.
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Trump, bondholders win Atlantic City casinos

Real estate mogul Donald Trump and a group of bondholders won control of the three Atlantic City casinos of Trump Entertainment Resorts Inc, a bankruptcy court judge ruled on Monday.
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Distressed home sales levels near 2009 peak

Sales of foreclosed or other distressed homes are flirting with the peaks of the housing crisis in early 2009 when heavy inventory was pressuring home prices lower, according to First American CoreLogic.
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Canadian home prices rose in Q1, survey shows

A continued rise in consumer confidence helped push up Canadian home sales and prices in the first quarter, but interest rate hikes expected later this year should cool the market.
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Home purchase loan demand steady as refis sink

U.S. mortgage rates spiked last week, slashing refinancing demand, while requests for home purchase loans held steady amid a final rush for federal tax credits, Mortgage Bankers Association data showed on Wednesday.
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Retail property gouged by record vacancies

Vacancy rates at U.S. shopping centers and malls rose to the highest levels in at least 10 years in the first quarter, accompanied by a drop in rents that wiped out years of growth, research firm Reis Inc said on Wednesday.
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Most Americans say now is time to buy a house: poll

Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the same or higher over the next year, according to a Fannie Mae survey released on Tuesday.
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Ten indicted on NY home mortgage fraud charges

Two real estate brokers, three lawyers and five others were charged with fraudulently obtaining more than $10 million in home loans from American Home Mortgage Investment Corp and BNC Mortgage, a subsidiary of Lehman Brothers Holdings Inc, U.S. prosecutors in New York said on Tuesday.
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Mortgage insurer stocks rally but worries remain

U.S. mortgage insurers' stocks have touched new year-highs on confidence about success of the government's plan to let homeowners keep their homes, but the big question is how much steam the rally has left.
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Office vacancy rate hits 16-year high

The U.S. office vacancy rate in the first quarter reached its highest level in 16 years, but the decline in rents eased and crept closer to stabilization, according to a report by real estate research firm Reis Inc.
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Architect Visit: Peter Himmelstein in NYC

This five-story Gramercy Park townhouse is owned by Carin van der Donk and actor Vincent D'Onofrio (of Law and Order fame) who enlisted architect Peter Himmelstein to completely renovate the structure in 2007.
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Obama admin expands housing hardest hit fund

The Obama administration on Monday unveiled another bailout program for troubled homeowners, pledging to divert $600 million in housing rescue funds to 5 more states on its list of hardest-hit markets.
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Banks' mortgage cuts walk consumer tightrope

Bank of America Corp has agreed to forgive some bad mortgage loans and the government is pushing other lenders to follow suit, but on a scale too small to make much of a dent in the nation's huge pile of bad debt.
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Amid housing downturn, Toll downsizes its homes

Toll Brothers Inc, which dominates the market for large, expensive houses known as McMansions, is shrinking its square footage as the worst housing market downturn since the Great Depression grinds on.
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Mortgage rates rise 2nd straight week: Freddie Mac

U.S. mortgage rates rose for a second straight week, a trend that could continue as key support from the government ceases at the end of the month, a closely watched mortgage survey showed on Thursday.
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Serious mortgage delinquencies jump in Q4

Serious delinquencies among mortgages jumped in the fourth quarter from the previous quarter, led by a sharp increase in serious delinquencies by the most credit-worthy borrowers, U.S. banking regulators said on Thursday.
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Greenspan says U.S. house prices still fragile

Former Federal Reserve Chairman Alan Greenspan said on Wednesday U.S. house prices appeared to have bottomed out but were still fragile and that the country would not be out of crisis until prices stabilized.
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U.S. new home sales unexpectedly fall in Feb

Sales of newly built U.S. single-family homes fell for a fourth straight month to a record low in February, a government report showed on Wednesday, heightening fears of renewed weakness in the housing market.
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BofA to start reducing mortgage principal

Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding negative amortization loans.
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Home loan modification program oversold: watchdog

A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in 2012, a report from the watchdog overseeing the $700 billion bank bailout said on Tuesday.
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Home loan demand down 2nd week as rates rise

U.S. mortgage applications fell for a second straight week, with demand for home loan refinancing sinking to its lowest level in a month as interest rates jumped, data from an industry group showed on Wednesday.
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Geithner: Keep public role in housing finance

The government should continue to play a role in any new system of housing finance Congress develops, Treasury Secretary Timothy Geithner told lawmakers on Tuesday as they began to debate an overhaul of the way Americans buy their homes.

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