Finance :: Real Estate

Rural Areas Seek Piece of Subprime-Loan Settlement

By Hope Yen | Oct 24
Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging regulatory attention and financial help.

Top Mortgage Firm Accused of Abuses

By Alex Veiga | Oct 23
One of the nation's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged.

New Rules Adopted in Hopes of Spurring Home Loans

By Marcy Gordon | Oct 22
Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules.

Apartments Pushed Up US Homebuilding in September

By Josh Boak | Oct 20
Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.

America's Most Expensive Home

By EDGE | Oct 16
Even in South Florida, $139 million is a lot of money for a mansion. That is the price tag on the most expensive home currently for sale in the United States. Le Palais Royal is now under construction.

San Francisco Lawmakers OK Airbnb Rentals

Oct 9
San Francisco lawmakers have tentatively approved a measure that would allow city residents to rent out their homes to travelers on sites such as Airbnb.

Average US 30-Year Mortgage Rate at 4.20 Percent

Oct 3
Average long-term U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week.

US Existing Home Sales Fall in August

By Josh Boak | Sep 24
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million.

Once-Troubled Reverse Mortgages Poised for Rebound

By Hope Yen | Sep 18
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.

Average US 30-Year Mortgage Rate at 4.12 Percent

Sep 12
Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week.