real estate and housing news

The Fed rolled out the bailout plan to rescue the sub-prime mortgage borrowers who have fallen behind. The place is called: FHASecure.

Builders start to put homes with smaller floor plan on the market. Is it because the higher price or tougher financing? Or just simply because people are more realistic with their living space now?

Nevada, California and Florida had the highest foreclosure rates in the country last month, Georgia, Ohio, Michigan, Arizona, Colorado, Texas and Indiana rounded out the 10 states with the highest foreclosure rates.

In some markets, builders have started to slash prices up to 6 digit to clear up the inventory. What about the owners who purchased during the boom? It's definitely not a good feeling when seeing the new homes with the same floor plan are 50k or 60 lower than yours.

Rounding out the states with the top 10 foreclosure rates last month were Michigan, Arizona, Georgia, Ohio, Colorado, Texas and Indiana.

No. 1 mortgage lender announces program to refinance $16 billion in loans for 80,000 borrowers facing much higher home payments.

This is a tough market for home owners who try to sell their homes. This article shows some pointers for those who plan to sell their homes going the FSBO route.

Overall, residential foreclosure filings nearly doubled in the third quarter from a year earlier, RealtyTrac reported earlier this month.



Cities in California, Ohio and Florida, accounted for more than two-thirds of the top 25 metro foreclosure rates.



As for areas with the biggest number of foreclosure filings, Riverside-San Bernardino, Los Angeles, Detroit and Atlanta le...

The plan will freeze certain subprime mortgages for 5 years, a compromise hammered out with mortgage lenders and banking regulators.

Owners beware:

"The FBI expects more foreclosure scams as criminals prey on growing numbers of people desperate to keep their homes while interest rates balloon on adjustable rate mortgages."

Foreclosures spike - and will get much worse!

Defaults are on the rise according to a new report, and the trend could last for years.

More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? Skip out on the mortgage all together.

Plan said to involve major lenders who agreed to widen efforts to help borrowers.

The nation's foreclosure crisis has led to a painful irony for homeless people.

$4 billion housing bill is too expensive for the administration and would 'slow the recovery of the housing sector.'

With home prices falling and families losing their homes to foreclosure, some people who under other circumstances would be looking to buy their first home now see greater security in renting.

The home price has been continuing to drop across the country. It probably won't stop until the foreclosure rate stabilize. In the meantime, the February sales of existing homes posted a surprising gain, which is probably due to the price drop.

Late on the mortgage, stay put, banks may be too busy to kick you out...
The US foreclosure crisis is still unfolding...

Greedy lenders, naive buyers, and sinking home values have driven millions into foreclosure. What it means for you, your community, and your own financial health. Some sad stories, but definitely a lesson learned for some.

Foreclosure prevention is a messy business - more art than science. Here, an inside look at why some people get a loan workout and others don't.

Bush, Paulson outline powerful steps targeting troubled mortgage-related assets weighing down the finance industry. Plan could cost hundreds of billions.

Wide-ranging $75 billion plan will use government money to subsidize rates and insure servicers against falling home prices.