Lenders initiated foreclosure action against 52,826 U.S. homes in November, down 10 percent from the previous month and a drop of 32 percent from November last year, according to new data from foreclosure listing firm RealtyTrac Inc.. Foreclosure starts increased last month on an annual basis in 15 states, including Pennsylvania, Delaware, Maryland and Oregon.» Read More
The housing market is one of the pillars of the U.S. economy and there may be no better indication of how the market is doing than housing starts.
You may have heard this term in the aftermath of the real estate bubble. So what is an underwater mortgage?
Sometimes financial terms sound exactly like what they are. CNBC explains jumbo mortgages.