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Foreclosures

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  • Some Doubt a Settlement Will End Mortgage Ills Tuesday, 21 Feb 2012 | 4:16 AM ET
    bank-owned-sign-2-200.jpg

    Members of a House-Senate committee charged with writing a measure to extend a payroll tax reduction and provide added unemployment benefits reached a tentative agreement Tuesday evening, with Republicans and Democrats claiming a degree of political victory in a fight with significant election-year implications, the New York Times reports.

  • Lenders Paying Borrowers to Do Short Sales Monday, 20 Feb 2012 | 11:34 AM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    Short sales have been increasing for months, but the financial incentives — which Realtors say are random and infrequent — are a newer wrinkle. USA Today reports.

  • Bonds Backed by Mortgages Regain Allure Sunday, 19 Feb 2012 | 10:25 AM ET
    Foreclosure

    Big-money investors are returning to the same complex loan pools that nearly washed away the financial system. Why? They're cheap.

  • Job Growth From Foreclosures   Friday, 17 Feb 2012 | 10:34 AM ET
    Job Growth From Foreclosures

    Morgan Stanley says as many as 1.8 milion real estate related jobs will be created as investors convert foreclosed homes to rentals. Insight with Oliver Chang, Morgan Stanley head of U.S. housing strategy/research.

  • US Housing Among Most Attractive Assets: Marc Faber Friday, 17 Feb 2012 | 4:02 AM ET
    Home with foreclosure sign

    The housing market in the south of the United States is among the most attractive asset classes in the world, Marc Faber, the editor of the Gloom Boom & Doom Report, told CNBC on Friday.

  • Mortgage Delinquencies Down   Thursday, 16 Feb 2012 | 10:05 AM ET
    Mortgage Delinquencies Down

    CNBC's DIana Olick has the details on mortgage delinquencies and foreclosures.

  • Foreclosures on the Rise Again Thursday, 16 Feb 2012 | 12:04 AM ET
    Home with foreclosure sign

    After a year-long reprieve from rising foreclosures, the numbers are going up again.

  • February Home Builder Sentiment Up   Wednesday, 15 Feb 2012 | 10:00 AM ET
    February Home Builder Sentiment Up

    CNBC's Diana Olick has the details on the National Association of Home Builder's monthly sentiment index showing a big jump from 25 to 29.

  • Private Homebuilders: Dead Men Walking Friday, 10 Feb 2012 | 2:33 PM ET
    Home Construction

    2011 was the worst year on record for the nation's builders, in sales and starts, but demand is slowly returning, and the concern is that when demand really surges in the coming years, there will be too little supply to meet it.

  • Public Builders Use Cash to Buy Land   Friday, 10 Feb 2012 | 10:35 AM ET
    Public Builders Use Cash to Buy Land

    CNBC's Diana Olick takes a look at the top issues for builders, which include financing for future developments.

  • HUD Secretary on $25B Mortgage Deal   Thursday, 9 Feb 2012 | 4:30 PM ET
    HUD Secretary on $25B Mortgage Deal

    Shaun Donovan, the Secretary of the U.S. Department of Housing & Urban Development, discusses the "landmark" $25 billion mortgage settlement with top U.S. banks to help homeowners who have gone underwater on their mortgage payments.

  • Top 10 Turnaround Towns Thursday, 9 Feb 2012 | 3:37 PM ET
    Just a few years ago, when foreclosures were coming fast and furious, some cities experienced more than their fair share of the pain. It stood to reason that the harder hit a city was, the less likely it was to make a hasty recovery. However, according to  the official site of the National Association of Realtors, some of the cities whose housing markets bore the brunt of the foreclosures are now leading the way toward recovery.Using data from Realtor.com, CNBC.com ranks the cities with the most

    When foreclosures were fast and furious, some cities experienced more than their share of the pain. Check out which American cities made this year’s list of the top 10 turnaround towns.

  • Obama Lauds Mortgage Settlement As 'Landmark Event' Thursday, 9 Feb 2012 | 1:16 PM ET
    President Barack Obama

    President Barack Obama addressed the biggest federal/state settlement in U.S. history, in which U.S. banks will provide $26 billion in relief to distressed homeowners and states.

  • Robo-Deal Is All About Lowering Mortgage Principal Thursday, 9 Feb 2012 | 12:37 PM ET
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    It took more than a year to strike a deal, but here it is, the biggest government-industry settlement in history, surpassing even big tobacco.

  • housing_government_200.jpg

    Homeowners who kept up on their payments would lose while those who fell behind would win under an apparent deal between big banks and state governments, banking analyst Dick Bove said.

  • Richard Bove: Mortgage Deal Unfair   Thursday, 9 Feb 2012 | 10:08 AM ET
    Richard Bove: Mortgage Deal Unfair

    The assumption from this deal is that the government should give away houses for free, says Richard Bove, Rochdale Securities vice president of equity research. Bove adds the mortgage deal is unfair to those who pay their bills.

  • As Mortgage Refinancings Surge, Banks Struggle Wednesday, 8 Feb 2012 | 12:58 PM ET
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    Barely two weeks into a new government program that allows severely underwater borrowers with loans backed by Fannie Mae and Freddie Mac to refinance their loans to lower rates, the numbers are surging.

  • Foreclosure Sign

    Attorneys general from more than 40 states have signed on to a proposed settlement agreement with five of the nation's largest mortgage servicers over “robo-signing” foreclosure processing abuses, according to the lead negotiator, Iowa Attorney General Tom Miller.

  • A Mortgage Tornado Warning, Unheeded Sunday, 5 Feb 2012 | 7:49 AM ET
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    When home prices were flying high, one sports marketing executive compiled a dossier of improprieties on one of the giants of the business, Fannie Mae, and share it with the mortgage giant. But there is little evidence that Fannie Mae’s management or board ever took serious action, the New York Times reports.

  • Romney Debate Coach Dumped?   Friday, 3 Feb 2012 | 7:46 PM ET
    Romney Debate Coach Dumped?

    CNBC's Larry Kudlow reports, according to Politico, Mitt Romney's debate coach was dumped due to internal tensions; Micron Technology's CEO, Steve Appleton died when the experimental plane he was piloting crashed; New York's AG is suing three big banks for an using electronic mortgage registry to fake documents in foreclosure proceedings; and the Susan G. Komen Foundation has reversed its decision to cut funding of Planned Parenthood.