A new report found "significant deficiencies" in DOJ's ability to report accurately on its mortgage fraud efforts, including a lack of data.» Read More
WASHINGTON, Nov 12- A regulator of the top U.S. banks on Tuesday published new ground rules over when it would tell banks to hire outside consultants, after critics accused it of botching a review of past home foreclosures.
Fewer U.S. homeowners are falling behind on their mortgage payments, aided by rising home values, low interest rates and stable job gains.
Contracts to buy homes dropped sharply in September from October, reflecting higher mortgage rates and home prices that have made purchases more costly.
Foreclosure scams are up 58 percent, and the state that's tops in mortgage fraud investigations has held its lead for the fifth straight year.
According to a new report, more than 1.34 million homes are in foreclosure. CNBC's Diana Olick looks at where investors can get the best deals.(Honolulu is on the list.)
NEW YORK, Sept 23- Oaktree Capital Group is leading an effort to put up for sale roughly 500 fully-leased homes, an indication some early investors are looking to cash-out on the recovery in U.S. housing prices, according to sources familiar with the market.
Britain's Foxtons priced its London listing at the top of its range, valuing the estate agent at $1 billion, and defying concerns the property market is overheating.
New home prices in China rose in 69 of 70 major cities in August from the previous year, official data showed on Wednesday, same showing as in July, backing the case for more cooling measures from the government.
CNBC's Diana Olick looks back at the collapse of the housing market five years ago and whether it could happen again.
American Campus Communities' shares are down 28 percent this year as investors worry there's a glut in student housing and that enrollments will drop.
There were fewer U.S. foreclosures in July than a year ago, while properties in the foreclosure pipeline also fell, according to CoreLogic data.
Shari Olefson, author of "Foreclosure Nation," and Tanya Marchiol, CEO of Team Investments, discuss the decline in recent housing data and what it indicates about the recovery.
"That seems to me to violate the Constitution," said Judd Gregg, SIFMA CEO, discussing the "Golden State's" plans to become the first nation to use "eminent domain" as a way to stop foreclosures.
Shari Olefson, author of "Foreclosure Nation", tells CNBC that the biggest problem in the US is still inventory but some of those foreclosures are starting to work through the system.
Nearly half of the mortgages modified in 2009 under the Obama administration's signature homeowner rescue effort are in default again, according to a new report.
New foreclosures are falling, reports CNBC's Diana Olick, and bank repossessions are down 35 percent from a year ago.
Fewer foreclosures were completed in May compared to a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal, according to a new study.
Singapore's central bank on Friday introduced rules to ensure that a property buyer's monthly payments do not exceed 60 percent of his income, a move aimed at cooling the housing market.
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.
CNBC's Diana Olick looks at the growing market for jumbo loans. Fred Glick, US Loans Mortgage president, and Christopher Mayer, real estate professor at Columbia University, discuss the Fed's impact on jumbo loans and why they're increasing.