Federal regulators unveiled a major overhaul of an underused mortgage-refinance program designed to help millions of Americans whose home values have tumbled.

Arizona regulators have taken over PMI Group and put restrictions on its claims payments, the latest indication that the housing bust is not finished taking casualties.

The $1 billion-plus East Coast project, a massive, 7-building residential complex in Long Island City that has been two decades in the making, is just past half-done.

Sales of previously owned homes slipped in September as Americans were hit by economic uncertainty, high unemployment and tight lending.

The firm is paying Duke Realty $1.08 billion for 82 buildings in seven markets, a contrarian move at a time when most real-estate investors have been focusing on major coastal cities.

Fixed mortgage rates in the U.S. were relatively unchanged over the past week after economic reports gave mixed signals on the health of the U.S. economy.

Sales of previously occupied homes in the U.S. fell last month, a sign of continuing weakness in a depressed part of the economy.

CIM Group, a Los Angeles real-estate company, has emerged as one of the country’s most active property buyers. Now it is poised to unveil plans for its main showpiece: New York’s tallest residential tower.

The highest court in Massachusetts ruled that a homeowner who bought a foreclosure that hadn’t been properly conducted by the foreclosing bank in 2006 didn’t have legal ownership of the property.

Home builder Hovnanian Enterprises extended and sweetened the terms of a plan to refinance up to $220 million in debt, after the company’s creditors failed to show much interest in a previous offering.