It seemed as if Canada had avoided the excesses of the housing bubble that hit so many nations. But now it may be catching up.» Read More
It seemed as if Canada had avoided the excesses of the housing bubble that hit so many nations. But now it may be catching up.
Steve Eisman, the hedge fund manager who famously bet against mortgages in the United States, has recommended investors now bet against Canada's mortgage lenders and banks.
Vacation home sales last year rose 10 percent, but one Hamptons realtor says her clients "have given up on getting mortgages — totally."
Several of the largest U.S. public home builders will report earnings next week, and analysts are looking for guidance as to whether the housing recovery may be stalling.
The U.S. housing market will see no surge at the start of spring, as fewer buyers signed contracts to purchase existing homes in February.
Lenders are increasingly approving low down payment loans, and government sponsored mortgage giant Fannie Mae is buying more of them.
In October 2007, the housing market was in the direct path of a massive foreclosure storm. Today, it is still picking up the pieces.
Are student loans the new subprime? There's about $1 trillion worth outstanding, reports CNBC's Scott Cohn.
Foreclosure-related sales made up 21 percent of all U.S. sales in 2012 and short sales made up 22 percent, according to a new report from RealtyTrac.
Rough winter weather across much of the US at the start of this year apparently did not keep home buyers away. Contracts to buy existing homes in January rose to the highest reading since April 2010.
Home sales are slowly climbing back thanks in some part to the so-called "strategic defaulters" - investors and homeowners who once walked away from their commitments but are now coming back to the market.
Fewer U.S. homeowners owe more on their mortgages than their homes are currently worth, according to a new report.
Brian Taylor, Pine River founder, CEO & CIO, discusses his company's strategy of investing in the sub-prime market.
President Obama says he wants more Americans to be able to save money by refinancing their mortgages. The trouble is that mortgage rates are rising.
As housing and the greater economy improve, a shift in demographic trends will likely favor the rental apartment market for the foreseeable future.
The number of homeowners behind on their mortgages has now fallen to the lowest rate in four years.
As the housing market imploded, the gallows humor at S&P intensified. The New York Times reports.
CNBC's Scott Cohn and David Faber discuss the latest moves in Standard and Poor's parent company McGraw Hill, after a civil lawsuit was declared on S&P by the DOJ.
The Department of Justice targeting Standard and Poor's with a civil lawsuit, with CNBC's Scott Cohn; and James Gellert, Rapid Ratings International CEO, provides perspective.
The Department of Justice is seeking more than $5 billion from Standard and Poor's. CNBC's Scott Cohn has the details.