The weak housing market continued to plague home sellers in February as home prices extended their losing streak to 31 consecutive months, according to a report issued Tuesday.

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WASHINGTON - The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their second mortgages as well as a set of measures to help underwater borrowers stay in their homes.

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to three storm-ravaged counties in Arkansas and provide support to homeowners and low-income renters forced from their homes following last month's severe storms and tornadoes.

Sales of newly constructed homes are showing indications, ever so slight, that the housing decline may be near an end, a government report showed Friday.

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 27 storm-ravaged counties in Georgia and provide support to homeowners and low-income renters forced from their homes from severe storms, flooding, tornadoes, and straight-line winds.

Sales of existing homes fell in March, according to an industry report released Thursday, but analysts say the housing market is showing signs of stabilization.

When Richard Dugas, the president and CEO of Pulte Homes Inc. recently talked about his company's $3.1 billion purchase of rival Centex Corp., he added fuel to the fire for a possible wave of consolidation in the battered homebuilding sector.

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The 26 cities with the highest foreclosure rate in the nation are all located in 4 hard-hit states, with Las Vegas topping the list, according to a report released Wednesday.

On paper it seems like the perfect time to refinance. The average rate on a 30-year fixed mortgage recently hit a 20-year low when it fell below 5% in mid-March. And the Fed has said that it will spend $300 billion to buy back government-backed Treasury bonds; that will probably keep loan rates low for months to come.

Mayfair Mall owner files for bankruptcy
Milwaukee Small Business Times, WI
The company intends to pursue a plan of reorganization that extends mortgage maturities and reduces its corporate debt and overall leverage. This will establish a sustainable, long-term capital structure for the company." General Growth also announced ...

Kalamazoo-area home sales off again in March
Kalamazoo Gazette - MLive.com, MI
Real estate officials attribute the price decline to the flood of foreclosure homes hitting the market, which are often sold at deep discounts. "Though average residential sale prices have dropped significantly since March of 2008, local Realtors ...

'We're close to bottom' of recession, Corzine says
NJBIZ, NJ
He said new-car sales numbers are stronger, used-car sales are up, mortgage modification programs are kicking in and the federal stimulus money is leading to road, bridge and energy-related infrastructure projects “that will create a lot of jobs this ...

ESPN Will Air Music City Bowl From
SportsBusiness Daily (subscription), NC
Meanwhile, Organ notes the '09 Music City Bowl will be the "final game in which Gaylord Hotels is the title sponsor," as Franklin American Mortgage "will become the lead sponsor for the bowl game" in '10 (Nashville TENNESSEAN, 4/16). ...

Experts: Some Foreclosed Homes So Badly Damaged They Can't Be Sold
KYTX, TX
"About a third of all of the foreclosed properties nationwide have been so damaged, either by the previous owners or by criminal gangs coming in after the foreclosure, that they no longer qualify for standard mortgage financing," Thomas Popik told CNN. ...

Jobless claims top 6 million; housing starts plummet
Pittsburgh Post Gazette, PA
By Christopher S. Rugaber, AP WASHINGTON -- The number of people receiving jobless benefits exceeded 6 million for the first time, the government reported today, and housing construction unexpectedly plunged to its second-lowest level on record ...

Home Capital Group Inc. to announce first quarter results
Trading Markets (press release), CA
Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and ...

Local brokers need to expand to compete: Woori CEO
중앙데일리, South Korea
After that, we will be able to explore new niches in overseas markets while global investment banks are still painfully trying to solve the credit crunch. What are your targets for the company's investment banking operations? ...