The long-anticipated settlement is expected to consist of a penalty of $9.6 billion and a package of consumer-relief measures valued at $7 billion.» Read More
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.
U.S. home prices are suddenly soaring again and raising some serious red flags.
More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report, but not where you might expect; investors should take note.
A mortgage analyst says, "The thought is that there are a bunch of homeowners on the fence who haven't refi'd who will all jump in thinking they will miss out. The theory is 100 percent nonsense."
Signed contracts to buy existing homes fell 4.3 percent in December from the previous month, according to a monthly index from the National Association of Realtors.
Adam Slater, managing director at Laxfield Capital, tells CNBC that their program will lend outside of prime central London but will focus on good quality properties with resilient valuations.
Faced with heavy competition from a hot rental market, some of the nation’s home builders are turning some of their resources to building multi-family, rental apartment buildings.
"The greatest concern in the market is the inventory situation," said Lawrence Yun, chief economist for the National Associate of Realtors.
New rules could make mortgage servicing more expensive, especially for those specialty servicers and level the playing field between them and the big bank servicers.
For nine straight months, national home prices have been in the positive, and the gains are only getting larger.
This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.