3 Tips on Buying a Foreclosed Home Money Magazine (June 20, 2008)
Banks are anxious to sell foreclosed properties and you can get a decent price. Here's what you need to know before you shop.
Veto Threatened for Housing Bill The Washington Post (June 20, 2008)
The White House issued a fresh veto threat yesterday against a plan to rescue hundreds of thousands of homeowners from foreclosure, raising objections to Senate negotiators' proposal to fund the program.
U.S. Housing Market Weakness Long-Term - Survey Forbes (June 20, 2008)
U.S. consumers expect housing market weakness to linger for longer than they did a few months ago, a survey showed Friday.
The Reuters/University of Michigan Surveys of Consumers Home Prices Report for June also cited a broad gulf between buyers and sellers in the housing market.
Rates Improve For Some Loans On Pricey Homes The Wall Street Journal (June 19, 2008)
Interest rates are finally becoming more attractive on certain types of so-called jumbo mortgages. This could provide a boost to home sales, but the number of borrowers benefiting from the program is likely to be limited.
30-Year Mortgage Rates Near Nine-Month High CNBC (June 19, 2008)
U.S. 30-year mortgage rates rose to an average of 6.42% from 6.32% last week, and 15-year mortgages rose to an average of 6.02% from 5.93%. One-year adjustable rate mortgages, or ARMs, jumped to an average of 5.19% from 5.09%.
Hundreds Swept up in Mortgage Fraud Arrests ABC News (June 19, 2008)
More than 400 real estate industry players have been indicted since March - including dozens over the last two days - in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisis.
Senate Considers Broad Housing Bill Time Magazine (June 19, 2008)
The Senate began considering a broad housing package Thursday after clearing away conservative GOP objections, paving the way for votes this week on the election-year foreclosure rescue that could help hundreds of thousands of struggling homeowners.
Should You Pay Off Your Mortgage Before You Retire? U.S. News & World Report (June 19, 2008)
Should you own your home free and clear before you retire? Or is it better to keep your mortgage and invest the money elsewhere at perhaps a higher return while reaping the mortgage-interest tax break? Here are factors to weigh when deciding which path is right for you.
Tapping Home Equity for No-Debt Cash Reuters (June 19, 2008)
Several new products have entered the housing market that use a shared equity or shared appreciation concept. They all have differences in the way they are structured, but all aim to replace interest payments (and high reverse mortgage costs) with an unknown share of future profits. It's a risk for the issuers, but homeowners who enter these agreements have risks too.
Your Lifestyle May Hurt Your Credit BusinessWeek (June 19, 2008)
Credit card lenders may be monitoring your bar tab or marriage counseling bill and punishing consumers who use their credit cards for certain purposes.
Senate Is Set to Weigh Housing Initiatives The Wall Street Journal (June 18, 2008)
The Senate is poised to vote on a package of housing initiatives to deal with record numbers of foreclosures. The package includes a regulatory overhaul and a $300 billion refinancing program for struggling borrowers.
When Builders Go Broke BusinessWeek (June 18, 2008)
Chicago-based Neumann Homes went bankrupt last November, leaving a trail of wreckage in its path. Its worst victims? Homeowners.
Bank Economists Say Home Prices Yet to Bottom The San Jose Mercury News (June 17, 2008)
U.S. home prices are only about halfway through their decline and most of the further erosion should occur this year, major bank economists said today.
Real Estate Agents Court Gen Y USA Today (June 17, 2008)
The housing slump has made real estate agents so hungry for business that many have decided to go after a group not known for its home-buying habits: Twentysomethings.
Suburbs a Mile Too Far for Some The Wall Street Journal (June 17, 2008)
The driveable suburb is under assault as a new generation has combined with baby boomers to rekindle demand for urban living. The mortgage crisis and $4-a-gallon gasoline are delivering further gut punches.
Employers Offer Aid To Avert Foreclosures The Wall Street Journal (June 17, 2008)
In the wake of the mortgage crisis, a small but growing number of workers are getting help avoiding or coping with foreclosure from an unlikely source: their employers.
Your Debt-to-Income Ratio BusinessWeek (June 17, 2008)
If personal debt is inevitable, make sure you don't get in over your head. This video will help you review your debt-to-income ratio and show you ways to keep your credit in check.
Cities Help Residents Facing Foreclosure AOL Money & Finance (June 16, 2008)
Worried about the blight of vacant housing and the economic impact of residents losing their homes, Philadelphia, Los Angeles and other areas around the nation are taking their own steps to blunt the foreclosure epidemic in their cities.
Home-Loan Aid Responses Speed Up Time Magazine (June 16, 2008)
Mortgage companies are pledging to let troubled borrowers know whether they're approved for help within 45 days of receiving a homeowner's application. The promise is expected to be announced Tuesday by the Hope Now Alliance, a Bush administration-backed industry group.
3 Landscaping Tips for a Down Housing Market SmartMoney (June 16, 2008)
In a down housing market, good landscaping can increase a home's selling price. Discover three lawn care tips that will increase your home's curb appeal.