Home equity lenders are throwing roadblocks in front of their clients who want to refinance their primary mortgages. In some cases, they delay refinances for a month or more. In other cases, they block homeowners from refinancing altogether -- all because of something called...
The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market's best-known economists said..jpg)
With more than 44,000 vacant properties, and nearly 7,000 homes in foreclosure, the Detroit real estate market is not for wimps. Just ask Shanika Strickland.
The idea is being launched by the Mortgage Foreclosure Pro Bono Project, which started last May as a partnership between several governmental agencies, the Nassau County Bar Association and nonprofits to help distressed homeowners.
Gov. Charlie Crist has emerged as one of the biggest Republican champions of President Barack Obama's economic-stimulus package, but he said Sunday he's not yet signed on to the administration's bid to rescue struggling homeowners...
Obama described the collapse of the housing market as "a crisis unlike any we've ever known" and proposed throwing hundreds of billions of dollars into a pot to help an estimated 9 million homeowners...
The data from early February suggested the 13-month-old U.S. recession was deepening, a conclusion supported by a report that showed factory activity in the country's Mid-Atlantic region contracted sharply in February.
The lending plan, a full $25 billion bigger than the administration had been suggesting, aims to prevent as many as 9 million homeowners from being evicted and to stabilize housing markets that are at the center of the ever-worsening U.S. recession...
President Barack Obama was set on Wednesday to unveil a plan to stabilize the troubled housing market, a main cause of the economy's deepening slump.
In one neighborhood here, every block has at least two for-sale signs out front. Many homes have broken porch lights and crispy brown lawns. One house has graffiti on the door.
Obama will also be tackling the home mortgage foreclosure crisis. The direct appeals for public support follow scant GOP backing in Congress for his agenda and increasing partisan bickering...
There was little detail on Tuesday of how the rescue plan would address one of the most pressing problems for many Americans: how to prevent mortgage foreclosures and keep families in their homes.
The White House says President Barack Obama will outline his plan to help struggling homeowners on Wednesday. Press secretary Robert Gibbs said Friday that the president will detail his ideas in a speech in Arizona...
"This is fantastic," said Rick Williams, who has watched thousands of heartbroken homeowners struggle and fail to pay ballooning mortgages over the last few years as president of the nonprofit Home Ownership Center of Greater Cincinnati...
According to a recent survey by online real estate marketplace Zillow.com, 57 percent of surveyed homeowners nationwide believe their own home lost value in 2008.
As Congress prepares for a fight over its two versions of the economic stimulus bill, some small and large home builders are battling behind the scenes over a key tax break in the legislation that would benefit their industry.
Among its many provisions is a $7,500 tax credit for first time home buyers.
The stimulus package temporarily raises the maximum size of mortgages that government-sponsored mortgage companies Fannie Mae and Freddie Mac can purchase and market as securities from $417,000 to as high as $729,750 in expensive parts of the country such as New York and California...
The changes expected to be considered Wednesday afternoon by the House Financial Services Committee come as Congress and President Barack Obama refine the most dramatic steps yet to boost the ailing U.S. housing market.
The Senate voted Wednesday night to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry, a victory for Republicans eager to leave their mark on a mammoth economic stimulus bill at the heart of President Barack Obama's recovery plan.....
Obama is considering a moratorium on foreclosures, among other steps.
Requirements that lenders reach out to borrowers are credited with a drop in the last quarter of 2008. But job losses and shaky mortgages are expected to lead to high foreclosures in 2009. A new California law meant to slow down the foreclosure process seems to be doing the trick...