Housing

4:13pm

Tue June 18, 2013
The Two-Way

'We Were Told To Lie,' Say Bank Of America Employees

Employees say Bank of America encouraged them to lie and falsify records to push more accounts into foreclosure.
Chuck Burton AP

Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.

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3:14pm

Fri June 14, 2013
Business

Housing Market Watchers Edgy As Mortgage Rates Keep Climbing

Originally published on Fri June 14, 2013 4:12 pm

Home values have been rising in recent months, but mortgage rates have taken a rapid turn upward as well. Some investors are worried that the housing recovery may stall if mortgage rates jump too quickly.
Gene J. Puskar AP

Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.

The Federal Reserve has two main missions: to maximize employment and minimize inflation. Right now, there are few, if any, signs that prices for goods are spiking, and the job market is still crawling out of its long, deep slump.

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7:21am

Tue June 4, 2013
The Two-Way

Another Report Shows Home Prices Taking A Big Jump

Originally published on Tue June 4, 2013 8:18 am

A sale pending sign in front of a home in San Francisco on May 28.
Justin Sullivan Getty Images

One week after the S&P/Case-Shiller indices showed a 10.9 percent jump in U.S. home prices from March 2012 to March 2013 — the biggest year-over-year gain in that data since April 2006 — there's another report showing a similar jump in April.

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4:54pm

Thu May 30, 2013
Wildfires

Waldo Canyon Home Rebuilding Efforts Soar Above 50 Percent

President Barack Obama views fire damage with firefighters and elected officials at the Waldo Canyon Fire in Colorado Springs, Colo., June 29, 2012.
Pete Souza Official White House Photo

7:32am

Tue May 28, 2013
The Two-Way

Home Prices Post Biggest Jump Since 2006

Originally published on Tue May 28, 2013 9:18 am

This single family home was for sale last week in Encinitas, Calif.
Mike Blake Reuters /Landov

Home prices in major cities across the nation were up 10.9 percent in March from March 2012, the biggest year-over-year increase since April 2006, according to the data trackers who put together the S&P/Case-Shiller Home Price Indices.

Their surveys show that:

-- While prices rose 10.9 percent on average across 20 metropolitan areas, the strongest gains were in Phoenix (22.5 percent), San Francisco (22.2 percent) and Las Vegas (20.6 percent).

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