Latest Real Estate News
Home prices at lowest point in more than 10 years
Wed, 22 Feb 2012 10:34:04 EST
Home prices fell to their lowest point in more than a decade in January, but that helped to lift the pace of home sales, according to a report from an industry trade group.
Fannie, Freddie legal fees: $110 million and counting
Wed, 22 Feb 2012 06:11:03 EST
A watchdog agency said Wednesday that the legal tab for former leaders of mortgage finance giants Fannie Mae and Freddie Mac is at least $110 million.
The other foreclosure settlement
Tue, 21 Feb 2012 08:45:46 EST
Millions of borrowers who suffered financial losses because their mortgage lenders played fast and loose while processing their foreclosures now have two ways of getting a payback.
Home buying: Most affordable in decades
Fri, 17 Feb 2012 12:10:49 EST
Buying a home is now more affordable than it has been in the last twenty years.
New York apartment sells for a record $88 million
Fri, 17 Feb 2012 09:39:50 EST
The most expensive apartment ever sold in Manhattan went for a cool $88 million this week.
Fewer homeowners missing mortgage payments
Thu, 16 Feb 2012 12:24:52 EST
The mortgage meltdown that began five years ago appears to be reversing course as the percentage of loans that fell into delinquency slowly returned to normal rates and fewer loans fell into foreclosure.
New home construction starts strong in 2012
Thu, 16 Feb 2012 09:34:26 EST
New home construction got off to a strong start for the year, with housing starts and building permits rising in January on a monthly and annual basis -- another sign that the U.S. housing market and broader economy are headed in the right direction.
Foreclosures climbed in January
Thu, 16 Feb 2012 05:34:27 EST
Foreclosures picked up in January, yet another sign that the nation's huge glut of delinquent homes may soon start making their way onto the market.
Banks pay homeowners $35K to sell
Wed, 15 Feb 2012 20:29:07 EST
In an effort to cut their losses, banks are paying some struggling homeowners as much as $35,000 to sell their homes before they end up in foreclosure.
Citi fined $158 million for gaming federal housing program
Wed, 15 Feb 2012 15:38:28 EST
Citigroup will pay $158 million to settle charges that its mortgage unit defrauded the Federal Housing Administration by inaccurately claiming that certain mortgages were eligible for government insurance, government officials announced Wednesday.
Mortgage deal could bring billions in relief
Wed, 15 Feb 2012 15:17:57 EST
In the largest deal to date aimed at addressing the housing meltdown, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders.
Tue, 14 Feb 2012 05:34:20 EST
When it comes to dating, homeownership can be the ultimate aphrodisiac.
Mortgage deal means more foreclosures
Fri, 10 Feb 2012 17:13:02 EST
Even as the $26 billion mortgage settlement helps hundreds of thousands of troubled homeowners, it will bring a wave of new forclosures.
What the foreclosure settlement means for you
Thu, 09 Feb 2012 17:50:39 EST
The nation's five largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008.
30-year mortgage rate holds at record low
Thu, 09 Feb 2012 12:39:05 EST
Rates on 30-year fixed mortgages remained at an all-time record low for the second week in a row.
Homes in foreclosure decline by 130,000
Wed, 08 Feb 2012 09:09:12 EST
Slowly, but surely, the foreclosure crisis seems to be abating.
Home repairs: Which jobs come first?
Fri, 03 Feb 2012 05:27:41 EST
Lean times call for budgetary triage. But while you should clearly opt for orthodontics before Disneyland, the choice is tougher when it comes to home maintenance.
Housing: The one bailout America could really use
Tue, 17 Jan 2012 19:20:23 EST
Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for big investment banks. She's long been a star among Wall Street insiders, however. She holds the record for the most top rankings for fixed-in-come research from the trade bible Institutional Investor.