Housing Market, Homeowner | featured news

Home equity lines have dried up across U.S.

Home equity lines have dried up across U.S.

Borrowing on the home for quick cash is a lot harder than it used to be in the United States, and it's causing headaches for homeowners, banks and the economy.

 

Pay the Mortgage or Walk Away?

A growing number of homeowners are considering a "strategic default," walking away from their mortgages not out of necessity but because they believe it is in their best financial interests.

 

Rates Are Low, but Banks Balk at Refinancing

Rates Are Low, but Banks Balk at Refinancing

The plight of homeowners unable to refinance despite massive aid to banks is a volatile political issue.

 

Making a $698,000 mistake

Daverena White took a chance on the American dream of homeownership -- and lost big.

 

Housing plan reaches 1 in 5 borrowers

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says.

 

Fannie to Rent Foreclosed Homes

Fannie to Rent Foreclosed Homes

Fannie Mae plans to allow homeowners facing foreclosure to stay in their homes and rent them for up to one year in a new program to help troubled borrowers.

 

Refinancing aid reaches few ailing homeowners

Refinancing aid reaches few ailing homeowners

Less than 3 percent of "underwater" borrowers decide that the benefits of a new loan through government program are worth the closing costs.

 

Obama’s mortgage relief plan falling short

The Obama administration’s effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers, a government watchdog group says.

 

Get The Feds To Slash Your Mortgage Payment

Rates can fall to 2%--if you know how to play the game.

 

Don't Sell, Rent

Don't Sell, Rent

Homeowners who don't want to lose money are renting out their houses rather than selling them. It could be a creative new income stream.

 

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