FHA Clamps Down on Risky Government-Backed Mortgages

FHA Clamps Down on Risky Government-Backed Mortgages

Tim Boyle/Getty Images The federal agency that insures mortgages for first-time home buyers is tightening its standards, concerned it is allowing too many risky loans to be extended. The Federal Housing Administration told lenders this month it would begin flagging...
U.S. Existing Home Sales Jumped 11.8% in February

U.S. Existing Home Sales Jumped 11.8% in February

FREDERIC J. BROWN/AFP/Getty Images WASHINGTON—Sales of previously owned homes rose strongly in February, a sign that demand for housing picked up as mortgage rates eased last month. Sales rose 11.8% in February from the prior month to a seasonally adjusted annual rate...
Kushner Relists Puck Penthouse for 36% Less

Kushner Relists Puck Penthouse for 36% Less

Kushner, the company once led by President Donald Trump’s son-in-law and senior advisor Jared Kushner, is dramatically lowering the price of the last remaining apartment at its Puck Penthouses condo project in New York. The company plans to relist the sprawling duplex...
California Has the Jobs but Not Enough Homes

California Has the Jobs but Not Enough Homes

Francesco Vaninetti/UIG/Getty Images SAN FRANCISCO—California’s economy is adding jobs far faster than affordable places to live, forcing some employers to leave the state as they expand. Companies that move from California have historically left behind its diverse...
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