Real Estate: Real Estate Industry
Roadblock to a subprime solution
A sweeping solution to the subprime lending crisis could get snagged by a big sticking point at the end of the mortgage chain. Read more…
Home prices see biggest drop in 25 years
National home prices showed their biggest quarterly drop in 25 years during the third quarter of 2007, said a report Tuesday. Read more…
Foreclosure rescue: No help for you
Already behind on your mortgage payments? No help there. Read more…
Paulson: Subprime help on the way
The U.S. government is working hard to give relief to struggling mortgage holders, Treasury Secretary Henry Paulson said Monday. Read more…
Padding your retirement with real estate
Question: I have a chance to pick up two ocean-front condos on the east coast of Florida for about $85,000. I was thinking of buying them in an all-cash deal with my IRA account, but I'm not sure whether you're allowed to own real estate inside an IRA. Can I do this? - Bernard Grossman, Hallendale Beach, Florida Read more…
Labor union announces Countrywide boycott
A national labor union launched a campaign Monday against Countrywide Financial Corp., calling on members and other consumers to boycott the mortgage lender's banking subsidiary until it guarantees it won't foreclose on borrowers who have fallen behind on adjustable rate loans. Read more…
Countrywide CEO seeks government help
Read full story for latest details. Read more…
U.S. subprime pain - courtesy of London bankers
Read full story for latest details. Read more…
Lennar, Morgan Stanley in real estate deal
Homebuilder Lennar Corp. has sold a property portfolio to a new venture mostly owned by an affiliate of Wall Street bank Morgan Stanley for $525 million. Read more…
Rate freeze plan for ARMs gains traction
If you've got a 7% adjustable mortgage that's about to skyrocket past 10%, getting a break may get a lot easier. One solution to the foreclosure problem gaining traction would freeze rates at lower levels. Read more…
