How will the subprime mortgage mess, high mortgage rates, falling home prices and tougher standards for equity lines of credit impact you? We're tracking all of it, providing the latest, most comprehensive information.
- Is This How You Solve The Housing Crisis?
There are about a million different ideas out there on how to solve, and profit from, the housing meltdown. Here's the newest. The FDIC cut a first-of-its-kind deal to sell a portfolio of bad residential mortgages from a failed bank to a private equity group, while still maintaining an interest in those loans.
- Fannie And Freddie: The Old Ways Can't Go Forward
I’ve got to give it to Treasury Secretary Henry Paulson; he’s not going out without fightin’ words over Fannie and Freddie. Today Paulson used his now very temporary podium to offer advice to the new Congress and the Administration on the future of the GSE’s.
- US Mortgage Applications Dipped Before Fed Move
Applications for U.S. residential mortgages slipped from a five-year last week as homeowners delayed refinancing ahead of expected federal action to lower housing costs, an industry group said on Wednesday.
- Pending Home Sales Plunge to Seven-Year Low
Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
- Manhattan Apartment Prices Fall Nearly 4%
Prices of existing Manhattan apartments fell nearly 4 percent in the fourth quarter, two reports showed, and analysts warned of much deeper declines in coming months in the wake of turmoil on Wall Street and financial sector layoffs.
- Jumbo Loans: They Should Get Some Refi 'Love' Too
I’m not exactly sure why jumbos seem to be in the news this week. Two different articles, one in the Washington Post and one in the Boston Globe, show seeming surprise at the fact that jumbo loans are far more expensive than conforming loans.
- Home Prices Falling Fast: The Silver Lining
If you're a qualified buyer with cash to put down, now's the time to act.
- New York Fed Launches Effort to Cut Mortgage Costs
The New York Federal Reserve started an effort to drive down mortgage costs on Monday by buying fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the bank said.
- As Vacant Office Space Grows, So Does Lenders’ Crisis
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.
- Economy May Be Worse A Year From Now: Feldstein
The US economy is likely to be in worse shape a year from now and will require aggressive government spending and intervention to stem the damage, economist Martin Feldstein told CNBC.
- Is This How You Solve The Housing Crisis?
YOU & YOUR HOME
- US Mortgage Applications Dipped Before Fed Move
Applications for U.S. residential mortgages slipped from a five-year last week as homeowners delayed refinancing ahead of expected federal action to lower housing costs, an industry group said on Wednesday.
- Pending Home Sales Plunge to Seven-Year Low
Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
- Manhattan Apartment Prices Fall Nearly 4%
Prices of existing Manhattan apartments fell nearly 4 percent in the fourth quarter, two reports showed, and analysts warned of much deeper declines in coming months in the wake of turmoil on Wall Street and financial sector layoffs.
- Home Prices Falling Fast: The Silver Lining
If you're a qualified buyer with cash to put down, now's the time to act.
- New York Fed Launches Effort to Cut Mortgage Costs
The New York Federal Reserve started an effort to drive down mortgage costs on Monday by buying fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the bank said.
- Your First Move for 2009
From mortgages to credit to jobs to investing, we all have some important choices to make with our money in 2009.
- Dow Tops 9,000 Amid New Year Optimism
Stocks rebounded Friday as investors displayed some optimism for the new year, scooping up bargains in the consumer discretionary and energy sectors. The Dow ended above 9,000 for the first time since early November.
- US Mortgage Applications Dipped Before Fed Move
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