The first official report is out on how big banks have changed or not changed their lending practices since the revelation of robosigning and other foreclosure problems, reports CNBC's Diana Olick.» Read More
There has been a sudden rise in bank repossessions, which is the final stage of a foreclosure when the bank takes your home, reports CNBC's Diana Olick.
Investors have been instrumental in the housing recovery. CNBC's Diana Olick reports on the rate of home price appreciation.
New York state plans to sue HSBC for allegedly ignoring a law designed to protect homeowners from being thrown into foreclosure without chance to renegotiate their mortgages.
US home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes.
WASHINGTON, May 30- The Obama administration on Thursday said it was extending the life of its signature foreclosure-prevention program by two years to help more struggling borrowers keep their homes.
NEW YORK, May 30- Sales of U.S. homes in foreclosure fell in the first quarter, a report from RealtyTrac showed on Thursday, the latest data to suggest the housing market is on the mend.
CNBC's Rick Santelli, and Robert McKendry, TJM Institutional Services, compare the advantages and disadvantages of multi-family versus single-family housing.
In Western U.S. states such as California, Nevada and Arizona, the housing crash and resulting foreclosure crisis was particularly acute, and played a large part in the 2008 economic crash. Prices in Phoenix, Arizona rose 22.5 percent in the past 12 months- the biggest gain among all U.S. cities- followed by 22.2 percent in San Francisco and 20.6 percent in Las Vegas.
Tanya Marchiol, CEO of Team Investments, highlights the positive signs in the U.S. housing market, but warns that there is still a long way to go and that the picture is different in separate states.
"Accidental landlords" emerge as people decide to rent their homes instead of doing a short sale or a foreclosure. CNBC's Diana Olick, offers insight.
A group led by hedge-fund manager Bill Ackman is reportedly set to buy a Manhattan penthouse for more than $90 million.
Morningstar reports that Canada's banks and its housing finance agency may take serious losses if Canada's home prices decline.
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.
CNBC's Diana Olick has the latest details on foreclosures from the Mortgage Bankers Association.
Five years after the mortgage meltdown sparked a wave of foreclosures, millions of Americans are still fighting to save their homes. That is hurting a broader housing recovery.
NEW YORK, May 9- Foreclosure activity fell in April to its lowest level in more than six years, the latest sign the recovery in the housing market is on track, a report from RealtyTrac showed on Thursday. It was the lowest level since February 2007.
Hedge fund managers are shifting strategies to make more money on foreclosures, reports CNBC's Diana Olick.
Underwater homeowners who were given help with loan modifications are still defaulting in big numbers, with CNBC's Diana Olick.
WASHINGTON, April 22- U.S. home resales edged downward in March, even though the housing market recovery that has helped boost the economy has shown strength in recent months and is expected to continue.