The House on Wednesday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.
Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.
A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage securitization market.
Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.
Existing-home sales resumed falling in June, dropping 2.6% from the previous month, and the median price dropped from a year earlier as inventories crept higher. Meanwhile, jobless claims jumped last week......
A sprawling bill that reaches deep into the U.S. housing industry is close to becoming law. The bill, which began seven months ago as a modest attempt to help struggling homeowners, will now likely touch a vast array of borrowers, lenders and investors......
Infestations of Japanese beetles have spread to more than 30 states, wreaking havoc on the foliage of trees and crops. Gardener Steve Stecklow is waging a biological war against these predators......
The credit crunch caught up with the top end of London's home market in the second quarter, when the price per square meter of residential space in the capital's prime locations fell more sharply than in the U.K. as a whole......
The chief of the mortgage industry's most powerful lobby group, Jonathan Kempner, resigned Tuesday, just as the industry is defending itself from a hostile Congress and a punishing housing slump......
Bank examiners from the Federal Reserve and the Office of the Comptroller of the Currency are looking at the books of mortgage investors Fannie Mae and Freddie Mac......
Many mass-market home builders are getting into the custom-home game -- once almost entirely the province of boutique builders. The reason is simple: Custom-home building is more profitable for builders and the big attraction for home buyers is the cheaper price......
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