Applications for home mortgages dropped last week for a second-straight week as a spike in interest rates stymied demand for refinancing, the Mortgage Bankers Association says.» Read More
The percentage of homes bought in the United States by first-time buyer will rise significantly this year, helped by a popular $8,000 tax credit, the National Association of Realtors predicted Friday.
A photographer and an architect plan to freeze one Detroit's thousands of abandoned homes this winter, encasing it in ice to draw attention to foreclosures that have battered the region.
Housing has been struggling to recover this year following the worst collapse in decades, which helped pull the overall economy into the longest recession since the 1930s.
Federal marshals say Bernard Madoff's Long Island beach house has sold for $9.41 million.
A mortgage fraud crackdown announced Thursday resulted in the arrests of dozens of people, including six lawyers, seven loan officers and three mortgage brokers in four states.
Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.
Federal authorities are cracking down on two companies that promised homeowners help with their mortgages, accusing them of posing them as government agencies.
A bargain hatched by two school administrators over lunch will give a private Michigan university space to grow and local students a significant perk if they attend their hometown college.
Halting the financial sector's death plunge is arguably the government's most measurable achievement this year. Yet as President Barack Obama observes the one-year anniversary of Lehman Brothers' collapse, his administration's increasingly sunny assessment of Wall Street's rebound faces a hard sell.
More than 1.3 million Americans' unemployment insurance benefits will run out by the end of the year, placing extra strain on an economy that is just starting to recover from the worst downturn in a generation.
Those who see Bernard Madoff as an evil purveyor of excess might be disappointed by his beach house: It's not that palatial.
House prices in Britain rose by 1.6 percent in August, slowing the annual fall in prices as low interest rates helped support the market, a major mortgage lender said Thursday.
The federal agency that regulates Fannie Mae and Freddie Mac named Thursday an interim replacement for its director, who is stepping down at the end of the month.
The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes to foreclosure.
Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust stabilized in June, offering fresh hope that the worst is over.
New-home sales rose by the largest amount in nearly nine years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.
Ameriprise Financial Services on Friday agreed to pay more than $17 million to settle federal regulators' charges that it failed to disclose nearly $31 million received for selling certain investments to its brokerage customers.
With bad home mortgages on the back burner, the big threat to the economy is now believed to be troubled credit card, commercial real estate and commercial industrial debt.
A floor used by Madoff in the midtown Manhattan high-rise known as the Lipstick Building has been emptied out and put up for lease.
The developer of the World Trade Center site has threatened to go to arbitration to settle a monthslong impasse to rebuild ground zero.