In wake of huge losses, Fannie Mae announces changes that will make home loans harder and more expensive to obtain.
The good news: Mortgage giant Fannie Mae is taking steps to shore up its finances. ...Click here to read the full story.
30 year fixed holds fast
WASHINGTON - Rates on 30-year mortgages didn’t budge this week, while rates on other home loans were a mixed bag.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortg...Click here to read the full story.
How to buy a foreclosed home
NEW YORK (CNNMoney.com) -- Hoping to score a house on the cheap by buying a foreclosed property? There are good deals out there, but the process is complicated and risky. Here's what you need to know....Click here to read the full story.
New home sales rise slightly
WASHINGTON - Sales of new single-family U.S. homes rose 1.7 percent in October from a September level that was revised down sharply while the median sales price plunged, according to a government repo...Click here to read the full story.
Mortgage rates at more than two-year low
WASHINGTON - Mortgage rates fell sharply this week with rates on 30-year mortgages dropping to the lowest level in more than two years.
Freddie Mac, the mortgage company, reported Thursday that 30-...Click here to read the full story.
America's big, fat housing inventory
Houston, you have a problem � with housing inventory. And as the number of homes for sale in the country continues to creep upward thanks to waning demand, many other major U.S. cities are dealing wit...Click here to read the full story.
Hard times costing many people their homes
ROCHESTER HILLS, Mich. - At 14, Joan Cyman hauled wood and clutched a hammer with her father to build a deck on the back of their house.
It was one of many projects to turn the already attractive f...Click here to read the full story.
Home sales rebound
WASHINGTON - Sales of new homes posted an unexpected gain in September although the improvement came after sales had fallen to the slowest pace in more than a decade.
The Commerce Department report...Click here to read the full story.
Mortgages rates up after 3 weeks of declines
WASHINGTON - Rates on 30-year mortgages edged up slightly this week after falling for three straight weeks.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages a...Click here to read the full story.
Buffett could buy parts of Countrywide
NEW YORK - Billionaire investor Warren Buffett may buy parts of beleaguered mortgage lender Countrywide Financial Corp, some investors are speculating, according to The Wall Street Journal.
Country...Click here to read the full story.
