Home construction near record low in 2010

Builders began work last year on the second fewest number of homes in more than half a century, as the weak economy kept people from buying houses.

Mortgage News Daily – BofA Settles GSE Buyback Requests for Pennies on the Dollar

http://www.mortgagenewsdaily.com/01032011_gses_settle_with_boa_ally.asp BofA Settles GSE Buyback Requests for Pennies on the Dollar by Jann Swanson The Federal Housing Finance Agency (FHFA) has approved agreements reached by Freddie Mac and Fannie Mae (the Enterprises) with two of the enterprises’ counterparties, Bank of America (BofA) and Ally Financial Capital, LLC. The agreement with Ally also resolves a dispute [...]

Home prices are down, so why not insurance?

The average cost of insuring a home has been rising in recent years, even as home prices have fallen sharply in the wake of the severe housing bust.