Housing Market | featured news

The Securities and Exchange Commission on Monday accused a New York firm that helped manage complex mortgage securities of defrauding investors as the housing market collapsed.

In a nationwide effort, officials file criminal charges against individuals allegedly responsible for $2.3 billion in fraud. 'These schemes are despicable; they are dangerous to our economy,' Atty. Gen. Eric Holder says.

A grand jury has indicted the chief executive of what was once among the nation's largest independent home-loan providers on 16 counts of bank, securities and wire fraud.

US home loan giants Fannie Mae and Freddie Mac are to cease trading on the New York Stock Exchange (NYSE).

Extending the homebuyer tax credit won't avoid a possible double-dip, only delay it.

What to do when one owner wants out, one doesn't.

The stock market rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.

New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month.

U.S. home prices fell by 0.5% in March as compared to February, according to the S&P/Case-Shiller home price index. The index measures average home prices in 20 major US cities. On a positive note, prices were up 2.3% versus March of 2009.

Home sales surpassed expectations for April as government incentives provided a temporary boost to the housing market.