| Jul 6, 2014
| 9:32 AM
The baby boomer who's itching to ditch the responsibility of a single-family home and move into an apartment – now, there's a relatively rare bird.
That may be something of a surprise, given the media reports and demographic prognostications that...
| Jul 31, 2014
| 9:50 AM
It may still be hard to find the home of your dreams with the limited inventory for sale. But at least when it comes to getting a mortgage, you might have more options as lenders loosen some of their standards.
Here are some of the housing trends you...
| Jul 30, 2014
| 10:55 AM
A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit.
The decision by U.S. District Judge...
| Jul 6, 2014
Thomas Motamed, fresh out of law school, found the legal profession too dry.
So at a friend's suggestion, he tried another field he thought might be more interesting: peddling life insurance.
But that got old fast.
"I really didn't like sitting...
| Jul 8, 2014
| 10:44 PM
Chicago will be the second city for the federal government's Neighborhood Stabilization Initiative, Mel Watt, director of the Federal Housing Finance Agency, announced Tuesday.
The pilot program, announced for Detroit in May, is designed to help...
| Jul 16, 2014
| 9:29 AM
Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas.
Bank of America said...
| Jul 17, 2014
| 7:31 AM
The cost of getting a mortgage has leveled off, with Freddie Mac saying lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.12%. That rate is little changed from the average of 4.15% over the last 10 weeks.
| Jul 10, 2014
| 2:30 AM
By Ilyce Glink and Samuel J. Tamkin
Q: Can you list any court cases where HUD has prosecuted/filed suit against buyers of HUD houses under the owner-occupant program or where the owners of a HUD house have filed suit to be released from HUD's...
| Jul 11, 2014
Imagine that you were at home on a weekend afternoon and the doorbell rang and a representative from Boeing stood at the door with a tin cup asking you to contribute $10 to the Fortune 100 company so it can sell more products overseas. It's a good bet you...
| Jul 20, 2014
| 5:00 AM
WASHINGTON — For many home buyers, qualifying for a mortgage not only is a tough challenge but one that ends unhappily: They get rejected.
The reasons for the turndowns typically involve multiple factors, including below-par credit scores,...
| Jul 15, 2014
Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
| Jul 14, 2014
Scott and Caroline Schmauderer know all the acronyms and the nitty-gritty details of the federal government's various programs to help homeowners like themselves, whose plans were derailed by the housing bust.
They read up on loan modifications, but...