It is one step forward, one step back for the housing market. The mortgage bankers association says this morning applications for home mortgages were up 3.3 percent last week but demand for refinancing dropped for the sixth straight week.
Bank of America is launching a pilot program where homeowners who are at risk of foreclosure would hand over the deed to their house and then rent it back from the bank.
The number of new homes starts last month fell, but a rise in future home-construction plans gave economists hope that the housing market has stabilized
Some of Wall Street's biggest firms want to bid on pools of foreclosed properties being sold by Fannie Mae to rent them out. What does that mean for investors and how might it affect homeowners?
