U.S. foreclosures fall second time in 3 months: report
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Home foreclosure filings fell in November from October, though they may remain at elevated levels as rising payments on adjustable loans pressure borrowers, a real estate data company reported on Wednesday.
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Pending sales of previously owned homes plunged 12.2 percent in July and planned lay-offs by companies surged 85 percent in August due to turmoil in the subprime mortgage market, independent reports showed on Wednesday.
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Late payments and new foreclosures on U.S. homes rose in the third quarter and are likely to grow as a massive wave of adjustable-rate mortgages reset at higher interest rates, the Mortgage Bankers Association said on Wednesday.
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The National Association of Realtors reports sales of previously owned US homes fell 2.9 percent in July. The Realtors said resales in July fell to 6.72 million single-family
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U.S. housing starts plunged to a   more than three-year low in August, while falling new vehicle   costs kept producer prices unexpectedly weak, government   reports showed on Tuesday, bolstering views the economy is   cooling.
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U.S. mortgage applications fell for   the first time in four weeks even as interest rates dropped to   a six-month low, an industry trade group said on Wednesday,   offering more evidence the country's housing market slump is   deepening.
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Foreclosure filings rose 36 percent in August from July and 115 percent from a year ago, hit by declines in once-hot housing markets such as California, Nevada and Florida, according to a report released on Tuesday.
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Home foreclosure filings fell in  November from October, though they may remain at elevated  levels as rising payments on adjustable loans pressure  borrowers, a real estate data company reported on Wednesday.
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New orders for U.S.-made durable   goods fell unexpectedly in August and mortgage applications   declined last week in spite of dropping interest rates, reports   pointing to economic weakness showed on Wednesday.
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Pending sales of existing U.S. homes in May unexpectedly fell to their lowest level in more than 5-1/2 years, data from a real estate trade group showed on Tuesday in a sign of continued weakness in the housing sector.
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Sales of new U.S. homes fell more  than expected in June to a seasonally adjusted annual 1.131  million rate and the median home price fell for the second  month in a row the government reported on Thursday, as the U.S.  housing market showed more signs of cooling.
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U.S. home sales will be a good deal   weaker this year than earlier forecast and prices are likely to   fall below year-ago levels temporarily as buyers stay on the   sidelines, a realtors group said on Thursday.
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U.S. mortgage applications last week  sank to their lowest level in over four years, as home purchase  loan demand tumbled for the third straight week, an industry  trade group said on Wednesday.
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The percentage of U.S. mortgages entering foreclosure in the first three months of the year was the highest in more than 50 years. according to the Mortgage Bankers Association.
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New mortgage lending in the UK falls for the third month in a row in April to the lowest in a year, the Bank of England says.
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U.S. mortgage applications fell for   the first time in four weeks even as interest rates dropped to   a six-month low, an industry trade group said on Wednesday,   providing further evidence the country's housing market slump   is deepening.
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The pace of existing home sales in the United States fell in April to a 5.99 million-unit annual rate while inventories swelled, the National Association of Realtors said in a report on Friday that showed more weakness than analysts had expected.