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Hedge funds crowd first-time buyers out of housing market
David Weinberg Dec 10, 2012
Hedge funds and private-equity funds are buying up hundreds of foreclosed homes at a time, turning them into rentals, crowding out first-time home buyers looking for bargains.
Fannie Mae, big banks halt holiday evictions
Dan Bobkoff Dec 7, 2012
Fannie Mae, Freddie Mac and some big banks will halt evictions from foreclosed homes during the holidays. Is this altruism or a publicity stunt?
After all those foreclusures, not so many houses for sale
David Weinberg Dec 27, 2012
Some cities with high foreclosure rates actually have housing shortages now, not a glut of foreclosed houses on the market. President Obama's mortgage-relief plan has helped, but another factor is hedge funds investing in houses to rent out.
What's helping the housing market bounce back?
Tony Cox Dec 7, 2012
Things are looking up in the housing market. People are starting to buy houses again. Mortgage rates are at an all-time low and there's lots of inventory. Or is there?
Homeownership sparks economy in many ways
Sally Herships Dec 6, 2012
Home prices are up nationwide. The recent demand has been good for more than just realtors and lenders.
Citigroup announces 11,000 layoffs
Jeff Horwich Dec 5, 2012
This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
Shining a light on the shadow inventory
Paddy Hirsch Nov 27, 2012
The housing market looks better, but what about the so-called shadow inventory?
What's behind the high fallout rate for mortgage contracts?
David Nogueras Nov 23, 2012
Some analysts believe home buyers' willingness to take out mortgages might be running ahead of banks' willingness to lend to them. But there are likely other factors at play.
Explaining the FHA with help from Uncle Charlie
Paddy Hirsch Nov 20, 2012
What is the Federal Housing Administration and how does it work? Uncle Charlie and Sr. Producer Paddy Hirsch explain.
Whither the mortgage interest tax deduction?
Nancy Marshall-Genzer Nov 16, 2012
Tweaks to homeowner deduction -- seen as cornerstone of American Dream -- could be part of 'cliff' deal.
