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Foreclosures

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  • As Home Prices Fall Further, Is It Time to Buy? Tuesday, 28 Feb 2012 | 12:05 PM ET
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    Housing appears to be rated a “buy” these days, especially among investors, who see a ripe and rising rental market and big potential for income. But is it the right time yet for so-called “organic” buyers to get in?

  • California’s attorney general, Kamala D. Harris

    Fannie Mae and Freddie Mac are under more pressure to allow debt forgiveness since the announcement of a multibillion-dollar foreclosure abuse settlement  requiring banks to write down mortgage debt, the New York Times reports.

  • 2,500 Government Foreclosures Up for Bulk Sale Monday, 27 Feb 2012 | 3:32 PM ET
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    Barely six hours after billionaire investor Warren Buffett said that if he could he’d like to buy “a couple of hundred thousand single family homes”, the regulator of Fannie Mae and Freddie Mac put about 2500 of theirs up for sale.

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    Sales of newly built homes are still stumbling along at historically low levels, but builders claim they are beginning to see the light at the end of a very long tunnel. Sales may not be surging back, but in some of the better local economies, buyer interest is.

  • Some Doubt a Settlement Will End Mortgage Ills Tuesday, 21 Feb 2012 | 4:16 AM ET
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    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.

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    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.