Higher real estate investment trust purchases of Fannie Mae and Freddie Mac mortgage bonds kept yields higher for the market over the past year.
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The Federal Housing Administration may ease restrictions on financing purchases of condominium units, which has troubled a recovery in many markets.
The Clinton Group also asked for financial guarantee books and information on private equity firms and potential strategic buyers who might be interested in bidding for the mortgage insurer.
Total mortgage delinquency rate hits 7.12% in the U.S. That is up 0.4% from the prevous month and down 10.6% from year ago levels.
A crucial handbook that provides general guidance for tasks associated with the Department of Housing and Urban Development's involvement in multifamily projects will be revised by October. The book hasn’t been updated since 1992.
A federal district court judge in New York dismissed a lawsuit filed against Citigroup and its CEO Vikram Pandit. Sheldon Solow claimed he had to sell his Citi shares at a loss of 87% in March 2009.
The latest National Association for Business Economics report forecasts housing starts to rise 18% to 720,000 from 2011, a slight upward revision from its February analysis, with continued growth to 850,000 in 2013.
A covered bond framework for U.S. banks continues to hit roadblocks in Congress. But the SEC made way for a foreign bank program over the weekend.
Lowe's first quarter profit was 14% higher year-over-year due to unseasonably warm weather in the quarter, but the company lowered its expectations for 2012, citing "a cautious view of the housing and macro demand environment."
Lockhart spoke to the Institute of Regulation & Risk in Tokyo, telling the audience his economic outlook shows modest growth over the next few years. And while there is no need for QE3 right now, it is too soon to say the Fed will never acquire large assets again as a tool for economic stimulus.