Yahoo! News: Business - Real Estate

Business - Real Estate

Foreclosures up in 75 percent of top U.S. metro areas (Reuters)

An estate agent's board showing is pictured outside a south-east London house in April. British home prices fell for the first time in five months during July when they dropped 0.5 percent compared with June, a key survey by home-loans provider Nationwide has shown.(AFP/File/Ben Stansall)Reuters - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.




France Telecom first half net profit up 45 pct (AP)

AP - France Telecom SA said Thursday that first half net profit rose 45 percent due to a one-off gain, although revenue and margins were eroded by regulatory costs and competition in the home market in France.

Foreclosure activity up across most US metro areas (AP)

Demonstrators, whose homes are under foreclosure or lost their homes to foreclosure, holds signs during a foreclosure rally in front of JP Morgan Chase Bank in Oakland, Calif., Wednesday, July 28, 2010. The rally demanded banks to stop foreclosing on families. (AP Photo/Paul Sakuma)AP - Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows.




Calif. revokes real estate licenses at record pace (AP)

AP - The California Department of Real Estate said Wednesday it revoked a record number of real estate licenses in its most recently completed fiscal year.

Mortgage lenders must register in database (AP)

AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble.

Treasury says latest mortgage-aid report flawed (AP)

AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified.

Summary Box: Mortgage applications down percent (AP)

AP - MORTGAGE APPLICATIONS DOWN: Applications for home loans fell 4.4 percent last week despite the lowest mortgage rates in decades, according to the Mortgage Bankers Association.

Fed says some districts report slowing economy (Reuters)

Customers shop during the grand opening of the Forever 21 flagship store in New York's Times Square June 25, 2010. REUTERS/Lily BowersReuters - The economy kept growing overall in recent weeks, but unevenly and it actually slowed in a few regions as housing markets softened after the end of a popular tax break, the Federal Reserve said on Wednesday.




Mortgage brokers to be fingerprinted and registered (Reuters)

A view of a home for sale in Los Angeles February 24, 2010. REUTERS/Mario AnzuoniReuters - Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.




Mortgage applications fall 4.4 percent last week (AP)

AP - Applications for home loans fell last week despite the lowest mortgage rates in decades.

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