Housing’s Big “Shadow”?

Could the bubble get worse as supply of homes for sale increases?

With mortgage rates still near generational lows, national home prices down more than 20% from the peak and the government providing tax incentives for homebuyers, it seems like a great time to buy a house; at least, that’s what your friendly neighborhood […]

America's Most Underwater Housing Markets

Negative equity–what you have when you owe more on your home loan than the property is worth–is one of the defining features of the still-unfolding mortgage crisis. It’s a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole.

Having negative […]

What do you get for seeking mortgage relief? Lower Credit Scores!

WASHINGTON (AP) — Some homeowners who sign up for the government’s mortgage assistance program are getting a nasty surprise: Lower credit scores.

For borrowers who are making their payments on time but are on the verge of default, the Obama administration’s loan modification program can reduce their credit score as much as 100 points. That […]

Delinquencies, foreclosures likely to put a damper on 2010 recovery

March is usually the month when people in the real estate business start getting hopeful. Spring usually brings out both buyers and sellers and, along with them, higher values for most homes.

But for some of the biggest housing markets in the country, those hopes look to be in vain this year. The problem is […]

Falling home prices through 2011 predicted!

Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year and next.

The average home price in the United States will fall by about 6% by September 2011, according to a joint report between Fiserv and Moody’s Economy.com. And that’s after plunging more than 27% in […]

About 5.1 million will own a home valued below 75 percent of what is owed

Home Under Water?

No help in sight, more homeowners walk away

In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.

“People like me are beginning to feel like suckers,” […]

Mortgage markets brace for future without federal aid

WASHINGTON — For more than a year, the government pulled out the stops to revive home buying by driving down mortgage rates.

Now, whether the housing market is ready or not, the government is pulling out.

The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test of […]

More refinancing homeowners put cash in, not take it out

WASHINGTON — Thinking of cashing out some equity when you refinance your mortgage? Sure, that used to be what millions of homeowners did when they needed extra money.

But now get ready for the post-boom, post-crash trend that’s really hot: “Cash-in” refis — the diametrical opposite of cash-outs.

“It almost sounds un-American,” quipped Frank Nothaft, […]

Fannie, Freddie regulator to offer housing goals soon

The federal regulator of Fannie Mae and Freddie Mac, the largest U.S. sources of mortgage money, said his agency will propose new rules requiring them to provide financing to the affordable-housing market.

The Federal Housing Finance Agency plans to act “shortly” on the goals, Edward DeMarco, FHFA’s acting director, said in a letter to lawmakers […]

Mortgage lenders pursue homeowners even after foreclosure

As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right?

Wrong.

Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell it for at auction. […]

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