Speech at the Haas School of Business, University of California, Berkeley, Berkeley, California

The Fed could keep interest rates exceptionally low through early 2016 if it followed a so-called optimal policy path, according to a senior Fed official.

MCLEAN, Va., Nov. 13, 2012 /PRNewswire/ -- In the third quarter of 2012, 29 percent of borrowers that refinanced an existing mortgage chose to shorten their loan term, based on the Freddie Mac (OTC:...

Allianz Warns of Bond Market Bubble as It Grows Real Estate Bloomberg Allianz SE (ALV), Europe's biggest insurer, said low interest rates have caused a bubble in the government bond market and may do the same to equities unless central banks tighten monetary policy. "We have a bubble in sovereign debt, looking at German ...

(Reuters) - Bank of America Corp plans to reduce its mortgage servicing portfolio to about 6 million loans, down from about 8 million now and 12 million at its peak, Chief Executive Officer Brian Moynihan said Tuesday.

U.S. markets are undervalued as the fiscal cliff - the $600 billion of automatic tax hikes and spending cuts due at the end of this year - is "simply not going to happen", Senator Bob Corker told CNBC.

Home Depot reported better-than-expected earnings and revenue Tuesday and raised its guidance for the current quarter, citing signs of a housing recovery.

On this day — Veteran’s Day — let us raise our flags, not only because we love the United States of America, but to honor those who have risked their lives, lost their lives, to provide us access to the liberties we enjoy everyday. This country was built upon the shoulders of men and women [...]

Seattle Region September Home Sales Seattle-area home sales rose above a year earlier for the 12th consecutive month in September, reaching the highest level for that month in five years. The median sale price rose year-over-year for the sixth consecutive month. The median has risen because of price hikes as well as a big shift in market mix, where activity in mid- to high-end neighborhoods has picked up at the same time foreclosure resales and sub-$200,000 deals have declined sharply, a real estate information service reported. A total of 3,988 new and resale houses and condos closed escrow during September in the Seattle-Tacoma-Bellevue metro area encompassing King, Snohomish and Pierce counties. September's total sales fell 19.2 percent from the month before and increased 6.1 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. A dip in sales between August and September is normal, with that decline averaging 11.1 percent since 1994, when DataQuick's complete Seattle-area statistics begin. The number of homes sold this September was the highest for that month since September 2007, when 4,577 homes sold. However, this September's sales total was still 21.8 percent below the average number of homes sold during the month of September since 1994. The Seattle-area resale market - existing single-family houses and condos combined - posted a 5.2 percent sales gain from a year earlier, while sales of newly built homes logged a 12.2 percent increase. September sales of new Seattle-area houses and condos combined were the highest for that month in three years. The year-over-year increase in total September sales was the result of more activity above $200,000. The number of homes that sold for less than $200,000 fell 15.5 percent from a year earlier. Sales above $200,000 rose 19.6 percent, while $300,000-plus sales rose 30.2 percent from a year ago. The number of homes that...

NEW YORK (Reuters) - Lawyers delivered closing arguments in a closely watched U.S. case brought by Assured Guaranty Ltd against Flagstar Bancorp Inc over claims the quality of loans underlying $900 million in mortgage-backed securities were misrepresented.

Home Depot reported quarterly earnings that exceeded analysts' predictions on Tuesday.