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Yahoo! News: Business - Real Estate
Justice unit to probe mortgage-backed securities (AP) 1/27/2012 1:00 PM

Attorney General Eric Holder announces the formation of the Residential Mortgage-Backed Securities Working Group, Friday, Jan. 27, 2012, during a news conference at the Justice Department in Washington. President Barack Obama directed Holder to collaborate with several state attorneys general and other federal entities to investigate those responsible for misconduct contributing to the financial crisis through the pooling and sale of residential mortgage-backed securities. This working group will be operated out of the President's Financial Fraud Enforcement Task Force, which is chaired by Holder. (AP Photo/Cliff Owen)AP - Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.


D.R. Horton profit beats on higher home orders (Reuters) 1/27/2012 7:11 AM
Reuters - D.R. Horton Inc , the top U.S. homebuilder, posted a first-quarter profit that beat market expectations, helped by a surge in orders indicating a stabilizing housing market, and said it was looking at spring selling season with "cautious optimism."
World stocks slide as US growth data disappoint (AP) 1/27/2012 11:15 AM

Traders work on the floor of the New York Stock Exchange January 27, 2012. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)AP - World stocks turned lower on Friday after official data showed the U.S. economic recovery was not as fast as many had hoped.


Gingrich, Romney attack each other on foreclosures (AP) 1/26/2012 7:47 PM
AP - Rivals Newt Gingrich and Mitt Romney are trading barbs over their income from mortgage firms Fannie Mae and Freddie Mac.
Rate on 30-year fixed mortgage rises to 3.98 pct. (AP) 1/26/2012 4:39 PM
AP - The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.


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