January 10, 2013 The Consumer Financial Protection Bureau's new rules that are scheduled to be released Thursday come at a time when regulators and banks are trying to find a middle ground between overly lax and overly tight lending standards. The rules will go into effect next January.
January 7, 2013 Some borrowers who were mistreated during foreclosures will receive compensation. The payments will range from hundreds of dollars to $125,000. The agreement ends a case-by-case review of the banks' actions.
January 7, 2013 The agreement resolves claims against the bank about mortgage-backed securities it sold before the housing bust. Many weren't worth what was promised. Also today, BofA and other banks are expectd to settle claims related to alleged foreclosure abuses.
December 20, 2012 The housing sector continues to recover. Sales rose 5.9 percent last month. It's the second new piece of positive news about the economy. Earlier, gross domestic product growth for the third quarter was revised upward.
November 19, 2012 Sales of existing homes rose again in October. Meanwhile, home builders are the most confident they've been in more than six years. Taken together, the reports are the latest signs that the housing sector is on the mend.
November 16, 2012 An audit found that the agency is on pace to run out of money by September. The Obama administration, however, announced a series of steps to increase revenue.
November 16, 2012 A program that backed lots of mortgages during the housing bust may soon need taxpayer money to make good on its promises.
November 14, 2012 Most lenders require borrowers to wait seven years before securing a new mortgage after losing a home to foreclosure. But in the wake of the housing crisis, millions of families have a recent foreclosure on their record — and some are finding ways to buy a new home in as few as three years.
November 5, 2012 And they're rising in many states where it's hard to foreclose. States face a tradeoff between protecting homeowners and getting through the foreclosure crisis.
October 19, 2012 While the number of homes sold was down 1.7 percent from August, the median selling price has now risen for seven straight months. That hadn't happened since 2005-2006.
October 12, 2012 Willow Tufano's life over the past few months was sort of surreal. She got caught up in two dramas: America's housing market and America's media circus. Now she's trying to get her own reality show.
October 11, 2012 RealtyTrac, a foreclosure tracking firm, says the foreclosure filings dropped significantly in September. But the report shows they have gone up in states that hadn't had problems until now.