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Hooray? Higher mortgage rates spurred home sales uptick

The country's economic engine seems to be running in reverse as more expensive borrowing spurs home sales, and an uptick in borrowing sends mortgage rates back down. The recent surge in mortgage rates,...

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Housing fixes could hit house prices

Mending the broken U.S. housing finance system won't be painless. Costs on some mortgages will rise this fall as part of the Obama administration's proposal to reform housing finance, including the...

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Treasury tiptoes toward housing exit

Don't look now, but the government is gingerly tugging at one of the smaller slats propping up the mortgage market. Treasury said Monday it will sell a big portfolio of mortgage-backed bonds over the...

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Feds take billion-dollar whack at Deutsche Bank

The Justice Department wants to take a billion-dollar chunk out of the Wall Street mortgage-kiting machine. The U.S. attorney for Manhattan sued Deutsche Bank (DB) Tuesday, claiming its MortgageIT unit...

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Freddie Mac and Fannie Mae: Too little, too late for struggling borrowers?

Lending giants Freddie Mac and Fannie Mae are swooping to the rescue just as the housing market turns the corner. FORTUNE -- Freddie Mac and Fannie Mae announced this week they were making it easier...

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Banks may need to raise $4.5 billion

Fed votes to up the amount of capital banks have to have to cover loan losses, but leaves rules for subprime mortgages mostly in place. FORTUNE -- The Federal Reserve voted Tuesday to approve rules...

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Default would be catastrophic for big banks

If you think the JPMorgan and Wells Fargo earnings reports were disappointing, just wait until the fourth quarter if the shutdown continues and a debt default occurs. By Cyrus Sanati FORTUNE --...

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Home values rise at fastest pace since bubble years

But other data suggest that the real estate market is finally cooling off.

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It's still a lot cheaper to buy than rent

That is, if you can afford a down payment and qualify for financing. FORTUNE -- Home prices have been rising steadily for more than year, with the most recent Case-Shiller index reading showing the...

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SunTrust to pay nearly $1 billion to settle mortgage abuse allegations

SunTrust Banks has agreed to pay $968 million to settle a federal probe into its mortgage practices from before and after the housing crash, the U.S. Department of Justice said Tuesday. SunTrust, which...

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Goldman Sachs in $3.15 billion settlement with federal regulators

Goldman Sachs GS has agreed to pay $3.15 billion to repurchase mortgage-backed securities from Fannie Mae and Freddie Mac to settle accusations that it misstated the quality of the investments. The...

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HSBC settles mortgage case for $550 million

By Nate Raymond, REUTERS HSBC Holdings will pay $550 million to resolve a U.S. regulator’s claims that the British bank made false representations in selling mortgage bonds to Fannie Mae and Freddie...

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Time to give the housing market a shot of adrenaline

My kids once dragged me onto a gut-wrenching amusement-park ride called Pharaohs Fury. It consisted of a large, Egyptian-style boat that swung on a 40-foot-long pendulum. It took about two terrifying...

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Why Fannie Mae and Freddie Mac should stop refinancing mortgages

As mortgage giants Fannie Mae and Freddie Mac near a deal that could lower barriers and restrictions on borrowers with weak credit, it's hard not to wonder if Americans have learned anything from the...

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U.S. mortgage applications reach six-year high

Applications for U.S. home mortgages surged by the most in more than six years last week as 30-year mortgage rates dropped below 4 percent for the first time since May 2013 on the back of falling U.S....

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Lots of us have almost nothing saved for retirement

Haven't saved enough for your golden years? You're not alone. A new survey has found that nearly one-third of workers have less than $1,000 in savings and investments, USA Today reports. The Employee...

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These Will Be the Hottest Real Estate Markets in 2016

We’re nearly a decade removed from the peak of the real estate bubble, and the U.S. housing market has finally returned to some semblance of normalcy. If you take a look at the Case-Shiller home price...

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Wells Fargo Agrees To Blockbuster Mortgage Settlement

(Reuters) – Wells Fargo admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice...

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Warren Buffett and the Founder of Quicken Have a Business Connection Beyond...

The connection between Quicken Loans founder Dan Gilbert and billionaire magnate Warren Buffett became evident last month with news that Buffett was backing Gilbert’s surprise bid for Yahoo yhoo . But...

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5 Things You Need to Know About Donald Trump’s Debt

Over his long career, Donald Trump has frequently stumbled by amassing mountainous debt. Excessive borrowing forced him to the brink of personal bankruptcy in the real estate depression of the early...

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