Aug 17, 2012 Fannie Mae and Freddie Mac get some slack on repaying government bailout funds. But they’ll have to shrink their businesses faster than planned.
Aug 20, 2012 An LAPD police officer gives a tour of his precinct in Watts and the blight foreclosed homes have wrought upon the neighborhood. The City of Los Angeles says the banks who own the homes should be responsible for the upkeep of the foreclosures.
Aug 13, 2012 Your friends and you have been through a lot together -- but do you think you can buy a house with them?
Aug 10, 2012 The Consumer Financial Protection Bureau today proposed new rules for the companies that service your mortgage. The proposed reforms seem to mandate a big upgrade in customer service.
Aug 8, 2012 Rising home prices contribute to profits for the bailed-out mortgage lenders. Higher home prices should help the real estate market and homebuyers, too.
Aug 1, 2012 A federal housing regulator is rejecting a White House plan to help borrowers who are underwater on their mortgages. That means they owe more than their homes are worth and there are about 11 million people in that category. The Federal Housing Finance Agency said the potential benefits of cutting mortgage balances for those people don't outweigh the costs.
Heidi N. Moore
Jul 24, 2012 Housing prices continue to firm up, but banks still aren’t confident in the housing or job markets to loan to anyone but the safest borrowers.
Jul 13, 2012 After the Justice Department announced a $175 million settlement with Wells Fargo for alleged discrimination against thousands of African American and Hispanic borrowers, the bank looks to cease operations with independent mortgage brokers, whom they blame for the prejudicial lending.
Jul 12, 2012 We're getting some new data this morning about the housing market. The foreclosure listing company RealtyTrac says there was an uptick in foreclosure activity last month, but it's down compared with a year ago. Which brings us to the eternal question: Has the housing market finally hit bottom?