Home sales have been on a tear for the past six months, but the sales could slow more dramatically in some of the hottest markets come winter.» Read More
Fannie Mae’s general counsel will become the mortgage giant’s new chief, sources say -- and will do so with less pay. Congress has slammed Fannie's salaries in the past.
It is not exactly a trend, but for the second-straight month, U.S. home prices saw year-over-year gains.
“The May 2012 jobs report was a step backward for housing in every way,” says Trulia.com’s Jed Kolko, who pinpoints what he calls “clobbered metros.”
As lenders continue to try to modify delinquent mortgages or offer foreclosure alternatives, like short sales or deeds-in-lieu of foreclosure, the number of loans entering the foreclosure process are falling.
The unexpected drop in signed contracts to buy existing homes in April should have come as no surprise. It is all about price point, supply, and where the action is/has been.
“We have encouraging signs in the market," S&P/Case Shiller's Robert Shiller told CNBC Tuesday. "We are seeing some signs of hope.”
The "shadow banking" system has been massively curtailed and is now half as big as it was before the 2008 crisis, a new report for the sector shows.
The Federal Housing Administration is often credited with saving the home finance market during the worst of the latest housing crash, but that was not without a very high price.
Numbers showing the biggest price jump in housing prices since January of 2006 are different. That jump was real, this latest spike is not.
The government is about to make refinancing FHA mortgages more affordable — and potentially easier — for hundreds of thousands of homeowners.
As real estate investors rush to buy distressed properties and reap the rewards of a still-heating rental market, two distinct phenomena are suggesting caution, perhaps extreme caution.
Months after the first invitations were mailed, only a small percentage of eligible borrowers have accepted a chance to have their foreclosure cases checked for errors and maybe win restitution. USA Today reports.
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. The Christian Science Monitor reports.
Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis.
A new report came out this morning with a curious headline: “Foreclosure Activity Declines, Hurting Investors.” I read it twice. You would think declines in foreclosure activity would be a good thing, that is, would help, not hurt. Not in this bizarre housing market.
Builder confidence jumped five points in May, which is a sign that the nation’s homebuilders are feeling far better again, after an unusually warm winter wreaked havoc with the usual traffic and sales trends.
President Obama has visited a “responsible” couple who owe more on their mortgage than their Nevada home is currently worth. But did they act responsibly?
The Realtors say it, the home builders say it, and now the chairman of the Federal Reserve is saying it: “Some creditworthy borrowers are still having trouble getting a mortgage.”
Breaking down the details of Bank of America's mortgage reduction plan, with Diana Furchtgott-Roth, Manhattan Institute and Susan Wachter, Wharton University of Pennsylvania.
CNBC's Diana Olick reports on a widespread, but controversial new move by Bank of America to try and keep thousands of homes from foreclosure. CNBC's Rick Santelli weighs in.