AFP - Bank of America said Wednesday it would set aside a massive $14 billion to settle claims from angry investors for losses on dodgy mortgage-backed securities in the country’s housing collapse.

AFP - Pending home sales rose in May, a hopeful sign for the beleaguered US housing market, according to a monthly report released on Wednesday.

AFP - Pending home sales rose in May, a hopeful sign for the beleaguered US housing market, according to a monthly report released on Wednesday.

AFP - Bank of America announced Wednesday that it would pay $8.5 billion to settle investor losses on mortgage-backed securities packaged with dodgy loans from Countrywide Financial ahead of the US housing collapse.

AFP - US stocks rallied as markets opened Tuesday after a closely-watched index of the US housing market showed that home prices rose from March to April, giving beleaguered investors reason to cheer.

AFP - A JPMorgan Chase affiliate will pay $153.6 million to settle charges it misled investors in a mortgage securities deal as the housing market bubble was collapsing, regulators said Tuesday.

AFP - A JPMorgan Chase affiliate will pay $153.6 million to settle charges it misled investors in a mortgage securities deal as the housing market bubble was collapsing, regulators said Tuesday.

AFP - Sales of previously owned US homes fell in May amid persistent financing problems in the depressed sector, an industry group said Tuesday.

AFP - Sales of previously owned US homes fell in May amid persistent financing problems in the depressed sector, an industry group said Tuesday.

AFP - Standard & Poor’s on Wednesday downgraded the outlook for Chinese real estate developers to “negative” from “stable” as Beijing restricts lending and limits their access to much-needed credit.