You may have heard this term in the aftermath of the real estate bubble. So what is an underwater mortgage? CNBC explains.
Sometimes financial terms sound exactly like what they are. That's the case with a jumbo mortgage. CNBC explains.
The Case-Shiller Index tracks changes in the value of residential real estate, both nationally and in 20 metropolitan regions.
The term is short for Other Real Estate Owned (OREO), but that may be too confusing with the cookie.