U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations of a slight gain.» Read More
A new study found, "foreclosed homes go through more than a year of very high vacancy rates following the auction and are substantially more likely to be vacant up to 60 months after the foreclosure."
CNBC's Diana Olick reports weekly mortgage applications fell last week, the sale prices for distressed properties continues to fall, and mortgage delinquency rates are predicted to fall in Q2.
South Florida is the default capital of the country. Here in Miami-Dade County, one out of five households with mortgages is in foreclosure. Nearby Broward and Palm Beach counties are not far behind. Nearly 200,000 South Florida families are stuck in the mire of default the New York Times reports.
Looking for the silver lining in today's housing market, with Darius Bozorgi, Veros Real Estate Solutions CEO, and Fred Glick, US Loans Mortgage CEO.
CNBC's Diana Olick reports housing starts jumped 14.6% in June; legacy mortgage issues continue to hit BofA's bottom line, and mortgage default rates fell 2.02% last month.
Fame ain't no thing for JPMorgan.
Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country’s largest mortgage servicer, and investors in its troubled mortgage securities.
CNBC's Diana Olick reports the number of foreclosure sales fell in May; PMI is paying underwater borrowers to stay current on their loans; and the Fed MBS portfolio shrunk by $11 billion.
Barry Habib, RPM Mortgage, explains why he is bullish on the long-term mortgage market.
A settlement over foreclosure practices between the nation's five largest mortgage servicers and the states attorneys general will not be reached by next Tuesday.
abstract goes here
Investors pushed Phoenix home sales to a 6-year high in May, but all on the low end, reports CNBC's Diana Olick.
As millions of Americans struggle in foreclosure, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, the NY TImes reports.
CNBC's Diana Olick has the data on May pending home sales up from last year.
CNBC's Rick Santelli & Diana Olick have the data on new home sales.
Analysis of the U.S. housing market , with Susan Wachter, Wharton professor of real estate & finance, and Patrick Newport, IHS Global Insight.
Sales of existing homes fell 3.8 percent in May, not as deep a drop as some had forecast, to a seasonally adjusted annual rate of 4.81 million units.
CNBC's Diana Olick has the details on slowing investor traffic.
Many distressed homeowners have spent years wondering when they’re going to get kicked out. But the backlog of foreclosures has provided a reprieve. In New York, for example, it would take 62 years to process them all.
CNBC's Diana Olick reports signs of life in the housing market.