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Trying to End the Mortgage-Rate Lag

A slew of dour economic reports make safe Treasury bonds the asset of choice for conservative investors, but lowering home lending rates is another matter. more...

Mortgage Applications More Than Double

NEW YORK (CNNMoney.com) -- Mortgage applications more than doubled last week, a mortgage bankers' group said Wednesday, as government bailouts led to sinking interest rates that made refinancing especially more attractive. more...

Citi Announces New Preemptive Initiatives to Help Homeowners Remain in Their Homes

Initiatives build on and accelerate Citi's comprehensive loss mitigation efforts, which have prevented approximately 370,000 foreclosures representing over $35 billion in loans since early 2007 more...

Southland Home Sales Up, Prices Down; Foreclosures Now Half he Market

La Jolla, CA---Southern California home sales shot up by an unprecedented 65 percent last month from the dismal, record lows of a year ago, when a credit crunch slammed the brakes on home financing. September sales also posted a rare gain over August as price cuts lured more buyers. Foreclosure resales rose to half of all transactions. more...

JPMorgan Chase Expands Housing Rescue Plan

The bank will put a moratorium on foreclosures until its new program can be implemented in about 90 days. more...

Rep. Frank to Banks: Modify Mortgages

U.S. Rep. Barney Frank, D-Mass, sent a letter to the country's largest banks urging them to take a lesson from Bank of America and work with troubled homeowners to restructure loans. more...

McCain Mortgage Plan Shifts Costs to Taxpayers

Under McCain's newly announced plan, the government would take the hit for writing down mortgage balances for at-risk borrowers. more...

Mortgage Rates Slip to 5.94%

Rates on 30-year fixed mortgages were down for the first time in three weeks, as loan applications grew slightly. more...

Bank of America to Slash Mortgage Payments

The foreclosure prevention program is the most aggressive initiative undertaken yet to help stem the housing crisis. more...

President Bush Signs Historic $700 Billion Plan Aimed at Stemming Credit Crisis

NEW YORK (CNNMoney.com) -- After two weeks of contentious and often emotional debate, the federal government's far-reaching and historic plan to bail out the nation's financial system was signed into law by President Bush on Friday afternoon. more...

U.S. seizes Fannie and Freddie

NEW YORK (CNNMoney.com) -- Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back. more...

Mortgage Volume Up 7.5%, Rates Down

The Mortgage Bankers Association reports a 7.5-percent increase in home loan demand during the week ended Aug. 29. more...

Falling Home Prices Curb Divorce Rate

The sluggish housing market in the U.K. has an upside: The divorce rate is falling. In fact, national figures for the U.K. published in late August show the divorce rate last year was the lowest since 1981. more...

Police Arrest Couple in CraigsList Rental Scam

A Las Vegas man claiming to be a licensed real estate practitioner and a female assistant have been arrested and jailed for renting out vacant homes belonging to seasonal residents. more...

Atlanta Named Best City for Singles

Forbes magazine has for the eighth year rated the nation’s largest urban areas in terms of how friendly they are to the country’s 74 million single adults. more...

Home Prices Are Down, but Stabilizing

U.S. home prices appear to be stabilizing even as foreclosures increase, says First American CoreLogic, a mortgage analysis company that released its home price index Monday. more...

Presidential Candidates Spar Over Homes

Presidential candidate John Mc Cain triggered a media fuss this week when he couldn’t immediately answer a question about how many homes he and his wife own. more...

Fannie, Freddie Woes Raising Mortgage Rates

Stock prices slump as investors speculate government rescue likely more...

Mortgages Get More Expensive - Again

In wake of huge losses, Fannie Mae announces changes that will make home loans harder and more expensive to obtain. more...

How to Buy a Foreclosed Home

Sure, there are bargains to be had, but there are also plenty of pitfalls awaiting anyone brave enough to wade into real estate's maelstrom. Here's what to consider. more...