Real Estate News

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Glimcher offering raises $96M after costs (AP)

7/30/2010 12:36 PM

AP - Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses...Read More

Increase in FHA Mortgage Insurance Premiums Passes in House (CQPolitics.com)

7/30/2010 12:22 PM

CQPolitics.com - The House passed legislation Friday to give the Federal Housing Administration flexibility to raise mortgage insurance premiums on the loans it guarantees...Read More

Reverse Mortgages Aren't Catching On (U.S. News & World Report)

7/30/2010 10:51 AM

U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibili...Read More

Fannie Mae portfolio grows, delinquencies decline (Reuters)

7/30/2010 9:22 AM

Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday...Read More

Citigroup to pay $75 million to settle SEC charges (Reuters)

7/29/2010 8:46 PM

7/29/2010 7:50 PM

7/29/2010 5:30 PM

AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges...Read More

Congress to try to recoup Fannie, Freddie costs (AP)

7/29/2010 5:04 PM

AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac...Read More

Summary Box: Mortgage rates hit low of 4.54 pct. (AP)

7/29/2010 3:25 PM

AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week...Read More

Mortgage rates hit low of 4.54 percent (AP)

7/29/2010 3:09 PM