The CEOs of some of the nation’s biggest homebuilding companies said Thursday that they feel the housing market has stabilized, but they were careful not to be overly optimistic even with the spring home-selling season coming up.
The Illinois Attorney General has filed a lawsuit against Standard & Poor’s, claiming that the agency gave fraudulently high ratings to risky mortgage-backed investments in the years prior to the 2008 housing market crash
During his State of the Union address last week, President Obama announced the creation of a new unit that will investigate financial institutions suspected of improperly bundling home loans into securities for investors, according to a New York Times st
The third quarter of 2011 saw more than 200,000 foreclosed homes purchased nationwide, which accounted for 20 percent of all sales in that period, according to a CNNMoney story based on RealtyTrac data.
The latest edition of the Pending Home Sales Index indicates that sales declined in December 2011 but were still significantly higher than the previous year, according to the National Association of Realtors.