Real Estate: Real Estate Industry
S&P downgrades subprime securities
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Real estate: More price drops, more layoffs
For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break. Read more…
Paulson: Subprime help needed - no bailout
Treasury Secretary Hank Paulson is walking a fine line, pushing the need to help troubled mortgage borrowers without rewarding risky behavior in the past. Read more…
Panel grills Northern Rock
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SoCal home sales collapse to 20-year low
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Junk mortgages under the microscope
It's getting hard to wrap your brain around subprime mortgages, Wall Street's fancy name for junk home loans. There's so much subprime stuff floating around - more than $1.5 trillion of loans, maybe $200 billion of losses, thousands of families facing foreclosure, umpteen politicians yapping - that it's like the federal budget: It's just too big to be understandable. Read more…
Goodbye subprime, hello FHA
If your credit is weak or your savings anemic, here are two phrases you're likely to hear from mortgage loan officers in the next few years: FHA and mortgage insurance. Read more…
Dems OK on Fannie, Freddie caps
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September foreclosures fall
The number of foreclosures across the country dropped in September, falling 8 percent from a 32-month high in August, according to a regular monthly survey. Read more…
Mortgage rates edge up
Mortgage rates climbed this week following the release of employment figures, Freddie Mac reported Thursday. Read more…
