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Federal regulators have banned eight individuals and companies from selling mortgagerelief services settling charges that they used false advertising to deceive homeowners facing foreclosure

Sales of new homes rebounded strongly in June from Mays record low pushing the number of houses on the market to the lowest level in nearly 42 years

The Obama administration which has been under fire for not developing a concrete plan for mortgage giants Fannie Mae and Freddie Mac says it will hold a conference next month to discuss their future

With the overhaul of financial regulation in the bag the Obama administration Tuesday said itll focus next on housing finance another key cause of the recent deep economic downturn with an eye to deciding the fate of mortgage finance titans Fannie Mae and Freddie Mac

In the latest sign of renewed turbulence in the housing market an industry group said Thursday that sales of existing homes fell 51% in June

Existing US home sales fell for the second straight month in June an industry group said Thursday reflecting weakness in the housing industry which was at the epicenter of the financial crisis

Although economists have grown increasingly concerned that the real estate market may slip into a doubledip recession todays consumers are being handed a tempting incentive to buy property or refinance their home loans ultralow mortgage rates

Sales of previously owned US homes hit a threemonth low in June while new claims for jobless benefits surged last week the latest indications that the economy is on the ropes