Home Mortgage

U.S. Home Builder Optimism Slipped in July

U.S. home builders said they lost a bit of confidence in July due largely to uncertainty over how the housing market will perform in the next six months, though they maintained a positive outlook overall as sales strengthen.

Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America

A federal appeals court on Monday reversed a lower court order that Bank of America Corp. pay a $1.27 billion penalty in connection with mortgages sold by its Countrywide unit., a major blow to the government which had won the high-profile financial crisis case at trial.

Construction Spending Falls 0.8 Percent in May

U.S. construction spending fell for a second straight month in May after the biggest drop in more than five years in April, which could prompt economists to lower their second-quarter growth estimates.

Construction Spending Falls 0.8 Percent in May

U.S. construction spending fell for a second straight month in May after the biggest drop in more than five years in April, which could prompt economists to lower their second-quarter growth estimates.