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  • New Law Cuts LA Foreclosures 50% Tuesday, 4 Nov 2008 | 6:23 AM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    Los Angeles home foreclosures fell sharply in October from September as a new California law came into effect, while the number of foreclosures in Miami continued to grow at a slower rate, real estate research website PropertyShark.com said Tuesday.

  • Greenspan, Others Face Grilling Over Financial Crisis Thursday, 23 Oct 2008 | 4:30 AM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the mess.

  • Homebuilders' Confidence Falls to Record Low of 14 Thursday, 16 Oct 2008 | 1:15 PM ET

    The National Association of Home Builders says its housing market index hit a record low this month as the U.S. financial crisis shook builders' confidence in the prospect for improved sales of new homes.

  • 30-Year Mortgage Rates Jump after 5 Weeks of Declines Thursday, 25 Sep 2008 | 3:10 PM ET
    Mortgage

    Rates on 30-year mortgages, which had been falling for five weeks, jumped sharply this week, reflecting the turbulence in global credit markets.

  • Housing Rescue Package -- Whats In It For You Wednesday, 24 Sep 2008 | 8:03 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    How the housing bill signed into law Wednesday by President Bush affects homeowners.

  • Bush Signs US Housing Rescue Plan into Law Sunday, 7 Sep 2008 | 12:32 PM ET

    U.S. President Bush Wednesday signed into law a housing rescue plan passed by Congress as foreclosures rise and property values slump, including emergency backstop credits for the big mortgag elenders.

  • Australia's Centro Posts $1.8 billion Year Loss Thursday, 28 Aug 2008 | 8:38 PM ET

    Centro Properties Group, an Australian victim of the subprime crisis that is struggling to restructure, reported a $1.8 billion full-year loss on Friday, including more than A$1 billion in property revaluations.

  • US Home Builder Sentiment Still at Record Low Monday, 18 Aug 2008 | 3:08 PM ET
    A foreclosed home for sale.

    U.S. home builder sentiment was stuck at a record low in August, as stringent lending and a flood of foreclosed homes dragged on the real estate market, according to data from the National Association of Home Builders released Monday.

  • Fannie, Freddie Stocks Plunge on Investor Worries Monday, 18 Aug 2008 | 1:00 PM ET

    Investors dumped the stocks of Fannie Mae and Freddie Mac after Barron's reported the increasing likelihood of a U.S. Treasury bailout that would approach nationalization of the two housing finance titans.

  • Judge Rejects Countrywide Settlement Friday, 15 Aug 2008 | 9:51 AM ET

    A federal bankruptcy judge has rejected a settlement involving Countrywide Financial, saying he wasn't convinced it was fair to nearly 300 borrowers allegedly hurt by the mortgage lender's abusive practices.

  • Home Prices Fall Further, But Sales Start to Rise Thursday, 14 Aug 2008 | 10:51 AM ET

    Home prices in US metropolitan areas fell 7.6 percent in the second quarter, though sales climbed in some areas as buyers took advantage of the discounts.

  • Foreclosure Filings Surge 55%, Buyers Still Shy Thursday, 14 Aug 2008 | 4:04 AM ET
    Foreclosure Sign

    The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data released Thursday.

  • Japan Property Stocks Slide After Urban Failure Thursday, 14 Aug 2008 | 12:59 AM ET

    Investors dumped stocks in Japanese property and builders Thursday after developer Urban Corp failed in the biggest collapse by a listed Japanese company in six years.

  • Home Sales Rebound in Hard-Hit California County Wednesday, 13 Aug 2008 | 9:51 AM ET
    Foreclosed California home

    It may be just a blip in the housing downturn, but even a temporary rebound in home sales is a welcome respite for California's Riverside County, one of the places hardest hit in the U.S. mortgage and foreclosures crisis.

  • Mortgage Applications Fall as Loan Rates Jump Wednesday, 13 Aug 2008 | 7:03 AM ET

    Applications for U.S. home mortgages edged lower last week as home loan rates jumped, an industry group said on Wednesday.

  • Toll Brothers Sees Drop in Home-Building Revenue Wednesday, 13 Aug 2008 | 6:02 AM ET

    Toll Brothers said quarterly home-building revenue dropped about 34 percent, less sharply than analysts were expecting, but it did not provide an earnings outlook because of the current state of the market.

  • Fed's Lacker: Inflation Bigger Risk than Recession Tuesday, 12 Aug 2008 | 5:51 PM ET
    Federal Reserve

    The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the "exceptionally'' stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said Tuesday.

  • Home Prices Start to Show Signs of a Turnaround Tuesday, 12 Aug 2008 | 2:25 PM ET

    The United States is still suffering the worst housing market downturn since the Great Depression, but a slew of factors suggest the worst may soon be over.

  • More Homeowners Have Problems Paying Mortgage Tuesday, 12 Aug 2008 | 2:13 PM ET

    Borrowers with $25.4 billion of option adjustable-rate mortgages owe almost as much as their homes are worth, and one in eight is at least 90 days late on payments, according to Countrywide Financial, the lender bought by Bank of America  last month

  • Beazer Shares Rise as Loss Shrinks, Revenue Beats Friday, 8 Aug 2008 | 2:43 PM ET
    Beazer Home

    Beazer Homes posted a smaller quarterly loss on higher-than-expected revenue despite the housing slump and a federal investigation of its accounting practices. Its shares rose nearly  9 percent.

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