Responding to critics, officials of the Federal Housing Administration are set to warn in Congressional testimony Thursday that a double-dip decline in housing prices may result from even a slight increase in minimum down payments on FHA-backed loans...Read More
As we reported Wednesday, BofA apologized for an incident in which its contractors entered a woman's home near Pittsburgh while she was out, cut off utilities, padlocked the door and confiscated her pet parrot...Read More
It appears that a family that received an Extreme Makeover home in suburban Atlanta has resorted to raffling off their supersized house to avoid foreclosure...Read More
For those seeking bargains in todays bombed-out housing market, it helps to have strong nerves and a big wad of cash. But do you also need a fancy cellphone...Read More
The Federal Reserve is almost done buying mortgage-backed securities, which has helped lower mortgage rates to near historical lows for much of the past year, but rates appear to be holding steady: they ended the week at a still low 5.01% last week, up slightly from 4.95% the previous week, according to the Mortgage Bankers Association...Read More
Efforts to modify loans and delay foreclosures may have helped hold down the stock of foreclosures for sale in the second half of 2009, fostering home-price stabilization. But that cure could require different medicine: an elevated level of foreclosures for sale over the next three years...Read More
