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How will the subprime mortgage mess, high mortgage rates, falling home prices and tougher standards for equity lines of credit impact you? We're tracking all of it, providing the latest, most comprehensive information.
- Property Tax Appeals Take Toll on Governments
Homeowners across the country are challenging their property tax bills in droves as the value of their homes drop, threatening local governments with another big drain on their budgets.
- US Home Prices Seen Falling 40% Overall: Analyst
US housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010.
- Realities of the New Obama Refis
Government officials claim the refi plan has been extremely successful, far moreso, they admit, than the modification program. But clearly it wasn't doing enough, or they wouldn't have widened the parameters of elligibility.
- Mortgage Rates Fell in Latest Week: Freddie Mac
U.S. mortgage rates dropped in the latest week, a move that bodes well for the hard-hit U.S. housing market, which has been showing signs of a recovery.
- NY City Apartment Sales Down More Than 50%
Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.
- GMAC Becomes a Corporation, Allowing Share Sales
GMAC said on Wednesday that it has converted to a corporation from a limited liability company, a move that could allow the auto and mortgage lender to sell shares to the public.
- Criminal Charges Filed Against Beazer Homes
Federal prosecutors in North Carolina filed criminal fraud conspiracy charges against Beazer Homes USA on Wednesday, but they agreed to dismiss the case if the company complies with an agreement accepting responsibility for certain wrongdoing and pays millions to victims.
- A Bigger Housing Bailout for Obama
That's right, your loan can be a full 25 percent more than the current value of your home, and Fannie and Freddie will gladly buy and/or back your new refi.
- Refinance Rules Expanding to 125% Loan-to-Value
Homeowners taking part in the Obama administration's housing rescue program through Fannie Mae and Freddie Mac will now be eligible even if their loan-to-value ratio is up to 125%. That means they can have up to 25% negative equity and still get a refinance.
- Freddie Mac Receives $6.1 Billion in New Funds
Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
- Property Tax Appeals Take Toll on Governments
YOU & YOUR HOME
- Property Tax Appeals Take Toll on Governments
Homeowners across the country are challenging their property tax bills in droves as the value of their homes drop, threatening local governments with another big drain on their budgets.
- US Home Prices Seen Falling 40% Overall: Analyst
US housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010.
- Tony Fratto: A Ticking Fiscal Clock
When you throw in a short-armed consumer and the massive deleveraging of both households and businesses, an ugly fiscal picture begins to take shape with deficits exploding beyond the already huge projections put forth by the White House.
- Mortgage Rates Fell in Latest Week: Freddie Mac
U.S. mortgage rates dropped in the latest week, a move that bodes well for the hard-hit U.S. housing market, which has been showing signs of a recovery.
- NY City Apartment Sales Down More Than 50%
Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.
- GMAC Becomes a Corporation, Allowing Share Sales
GMAC said on Wednesday that it has converted to a corporation from a limited liability company, a move that could allow the auto and mortgage lender to sell shares to the public.
- Market Insider: Thursday Look Ahead
Despite the anxiety around the June employment report Friday, traders say the market's reaction could be muted.
- Property Tax Appeals Take Toll on Governments
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