PHOENIX - Arizona legislators began a special session Tuesday mostly aimed at reducing the state's $2 billion budget shortfall but also to resolve issues related to foreclosures and research funding. Full Story »
AFP/File
WASHINGTON (AFP) - US housing starts unexpectedly slumped in October as the economy struggles to emerge from a recession sparked off by a home mortgage meltdown, government data showed Wednesday. Full Story »
AP
WASHINGTON - Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers. Full Story »
WASHINGTON - New home construction likely inched higher in October as builders seized on the promise of more orders due largely to a federal tax credit for first-time homebuyers. Full Story »
FORT COLLINS, Colo. - Foreclosure proceedings involving The Promenade Shops at Centerra in northern Colorado have begun. Full Story »
AP
NEW YORK (Reuters) - Don't expect the expanded home buyer tax credit to be a permanent cure for the U.S. housing market. It won't. Full Story »
LOS ANGELES - The median home price in Southern California rose nearly 2 percent last month from September, as the inventory of homes for sale continued to shrink and lenders worked to avoid fresh foreclosures, a tracking firm said Tuesday. Full Story »
Reuters
WASHINGTON (Reuters) - U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers. Full Story »
AP
LOS ANGELES - A key gauge of homebuilders' confidence held steady in November, reflecting a cautious outlook from residential developers as they waited to learn whether Congress would extend a homebuyer tax credit. Full Story »
Reuters
WASHINGTON (Reuters) - U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers. Full Story »
LACONIA, N.H. - A mortgage company in Meredith that closed suddenly last week is undergoing a criminal investigation by the FBI. Full Story »
GREENBELT, Md. - Federal prosecutors say a woman has been sentenced to more than 12 years in prison for her role in a mortgage fraud scheme. Full Story »
Reuters
ZURICH (Reuters) - UBS boss Oswald Gruebel set an ambitious target for annual pretax profit of $15 billion, vowing to rebuild the loss-making bank and win back clients after the subprime crisis and a bitter U.S. tax row. Full Story »
AP
NEW YORK - The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows. Full Story »
NEW YORK - Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says. Full Story »
WASHINGTON - The Federal Reserve is proposing to exempt some investors from a requirement that consumers receive notice within 30 days after their home loan is sold or transferred to a new mortgage company. Full Story »
FALL RIVER, Mass. - Rep. Barney Frank said Monday he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed homeowners struggling to pay the mortgage. Full Story »
AP
NEW YORK - Lowe's Cos. said Monday it is expecting consumers will spend cautiously this holiday season on trees and gifts like power tools but said it sees signs the housing market is slowly improving. Full Story »
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