Tag Archives: Foreclosure

‘Underwater Mortgage’ Refis Get Fresh Push in Congress

A slight improvement in home prices has helped to pull some U.S. homeowners back above water on their mortgages, but the gains are small, and the problem is still epidemic.  As of July, 22.4 percent of homeowners with a mortgage … Continue reading

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San Francisco Area Home Prices Jump to a Four-Year High

The median home price in the San Francisco Bay area climbed to the highest level in almost four years as more expensive properties made up a larger portion of transactions, according to DataQuick. The median paid last month was $421,000, … Continue reading

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Home Improvement Shows Gains—But May Not Last

The nation’s largest home improvement retailer, Home Depot, surprised the Street on Tuesday, beating profit estimates for the last quarter. It is also raising earnings outlooks for fiscal 2012. It’s banking on continued improvement in market share and in the … Continue reading

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Big Banks Pushed to Outsource Mortgages

In the wake of the financial crisis and still in the midst of the foreclosure mess, the Consumer Financial Protection Bureau announced new rules for mortgage servicers designed to protect borrowers and get them faster, more effective and informative service.  … Continue reading

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Why Rise in Home Prices May Not Mean Much—Yet

Average home prices through May increased for the second month in a row, according to the latest SP/Case-Shiller Home Price Indices, which measure both the top ten and top twenty housing markets in the US. Prices are still down from … Continue reading

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