Business - Real Estate

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  • Judge: Evidence allowed in ex-KB home chief trial

    AP – Mon Nov 9, 8:22 pm ET  

    LOS ANGELES - A federal judge in Los Angeles has rebuffed an effort by the former chief executive of building giant KB Homes to exclude materials related to his marriage settlement and other evidence during his upcoming trial for allegedly manipulating stock options. Full Story »

  • Judge: Evidence allowed in ex-KB Home exec's trial

    AP – Mon Nov 9, 8:19 pm ET  

    LOS ANGELES - A federal judge in Los Angeles has rebuffed an effort by the former chief executive of building giant KB Home to exclude materials related to his marriage settlement and other evidence during his upcoming trial for allegedly manipulating stock options. Full Story »

  • Fannie Mae tax credit decision could cost $5.2 bln

    AP – Mon Nov 9, 5:52 pm ET  
    FILE - In this July 11, 2008 file photo, a sign in front of the... AP

    WASHINGTON - Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. Full Story »

  • 4 NYC homeowners sue over mortgage program

    AP – Mon Nov 9, 4:32 pm ET  

    NEW YORK - Four New York City homeowners have filed a lawsuit charging they were denied access to a federal home-refinancing program. Full Story »

  • Trial of ex-Bear Stearns execs goes to jury

    Reuters – Mon Nov 9, 6:47 pm ET  
    Former investment bank Bear Stearns hedge fund managers, Ralph... Reuters

    NEW YORK (Reuters) - Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis. Full Story »

  • Fla. AG sues 2 companies in alleged mortgage scams

    AP – Mon Nov 9, 1:07 pm ET  

    TALLAHASSEE, Fla. - The state is suing two central Florida companies for allegedly scamming homeowners trying to rescue their properties from foreclosure. Full Story »

  • Office shooting suspect's life spiraled downward

    AP – Sat Nov 7, 6:19 pm ET  
    Jason Rodriguez makes his first appearance before Circuit Judge... AP

    ORLANDO, Fla. - Jason Rodriguez's marriage long ago went sour, his home taken in foreclosure, his job lost to incompetence, his finances sunk in bankruptcy. It was a "stress overload" for the man accused of a deadly shooting rampage at his former office, his lawyer said Saturday. Full Story »

  • Freddie Mac loses $6.3B in 3Q

    AP – Fri Nov 6, 7:35 pm ET  
    FILE -  In this July 13, 2008 file photo, the Freddie Mac's corporate... AP

    WASHINGTON - Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion. Full Story »

  • Freddie Mac posts $5 billion loss

    Reuters – Fri Nov 6, 7:00 pm ET  
    A couple listens as a representative from Freddie Mac talks to... Reuters

    NEW YORK (Reuters) - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. Full Story »

  • Obama signs bill assisting homebuyers, jobless

    AP – Fri Nov 6, 6:56 pm ET  
    White House Press Secretary Robert Gibbs speaks during the daily... AP

    WASHINGTON - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump. Full Story »

  • Earnings roundup: Freddie Mac, PriceSmart

    AP – Fri Nov 6, 6:01 pm ET  

    Among the earnings stories for Friday, Nov. 6, from AP Financial News: Full Story »

  • Defense asks jury to clear ex-hedge fund managers

    AP – Fri Nov 6, 5:48 pm ET  

    NEW YORK - Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday. Full Story »

  • Obama to Sign Bill Extending Homebuyer Credit, Jobless Benefits

    Bloomberg – Fri Nov 6, 12:01 am ET  

    Nov. 6 (Bloomberg) -- President Barack Obama is set to sign into law a bill that extends $8,000 tax credits for first- time homebuyers and unemployment benefits. Full Story »

  • Obama set to sign a big tax break for homebuyers

    AP – Thu Nov 5, 8:43 pm ET  
    Real estate signs are seen in the front yards of houses in this... Reuters

    WASHINGTON - Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000. Full Story »

  • Fannie Mae seeks $15 bln in US aid after 3Q loss

    AP – Thu Nov 5, 7:33 pm ET  
    FILE- In this July 11, 2008 file photo, a sign in front of the... AP

    WASHINGTON - Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising. Full Story »

  • Fannie Mae seeks $15 bln in aid after loss

    AFP – Thu Nov 5, 6:53 pm ET  
    The Fannie Mae headquarters in Washington, DC, 2008. US state-controlled... AFP/File

    WASHINGTON (AFP) - US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds. Full Story »

  • Extended Homebuyer, Jobless Aid Passed by Congress

    Bloomberg – Thu Nov 5, 6:42 pm ET  

    Nov. 5 (Bloomberg) -- Congress gave final approval to legislation expanding an $8,000 tax credit for first-time homebuyers, extending unemployment benefits and providing tax refunds to money-losing companies. Full Story »

  • Fannie Mae posts $18.9 billion Q3 loss, taps Treasury

    Reuters – Thu Nov 5, 6:32 pm ET  
    A woman takes a brochure detailing how homeowners can make their... Reuters

    NEW YORK (Reuters) - Fannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a hole in its net worth. Full Story »

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