February 23, 2012 Big banks and other large investors are buying up tens of thousands of foreclosed rental properties across the country. According to tenants and regulators, they're not model landlords. Some fail to follow housing codes, leaving tenants to live without even a number to call in the most dire situations.
February 9, 2012 Foreclosures slowed as big banks waited for the details of the settlement to become clear. Now, they're likely to pick up the pace.
February 9, 2012 Officials have been pressing five banks to offer mortgage relief and some financial aid to homeowners who got crushed when the housing bubble burst or were caught up in the "robo-signing" scandal that sped up the foreclosure process.
February 8, 2012 California, New York and a handful of other states have yet to sign on to a deal with mortgage lenders that would resolve the "robo-signing" issue. Lenders have pledged $25 billion to reduce outstanding mortgages, but some states say the deal doesn't go far enough to protect consumers.
January 23, 2012 When President Obama delivers his annual State of the Union address Tuesday, the economy will be a top issue — as will the housing market, which is still at the heart of the country's economic problems. New housing starts are still low and foreclosure prevention efforts haven't done as much as hoped.
January 23, 2012 WNYCAttorney General Eric Schneiderman joined with other state attorneys general last year who were suing five large mortgage servicers. But he was disturbed by the shape of the agreement, and says banks wanted broad protection from lawsuits over other mortgage practices. So he started his own investigation.
January 20, 2012 WCPNMillions of homeowners are finding out that their property taxes are either holding steady or rising. Their houses, however, may be worth much less, and there may not be much they can do about it. The economic downturn, state laws and property appraisals have created some surprises.
January 19, 2012 The U.S. housing industry has yet to recover from the last recession, but you wouldn't know that by looking at rising home prices in California's still-prosperous Silicon Valley. By being conservative with his ventures, James Witt has made a successful business out of rebuilding Palo Alto homes.
January 6, 2012 Of all the good news in the December unemployment report, perhaps the most encouraging sign for the 2012 labor market was the increase in construction jobs. That sector has lost more than 2 million jobs as the housing market imploded, but increases in construction could be a cautious sign of a turnaround, analysts say.
January 2, 2012 In almost one-third of private home loan modifications, big banks are now slashing what homeowners owe. It's overdue housekeeping for America's economy, says one investor: Banks clear their balance sheets, investors get a predictable stream of income, and homeowners stay homeowners.
December 27, 2011 Home prices have fallen 35 percent from their peak about six years ago and continue to drop. That makes lenders and potential homebuyers nervous, so sales aren't picking up much despite the lowest interest rates in decades. And the unsolved foreclosure mess continues to push prices down even more.
November 29, 2011 The worst may be over for the housing market, but a "sustained recovery" is unlikely until the economy gains strength, according to the latest S&P/Case-Shiller Home Price Indices report.
November 14, 2011 One family submitted necessary paperwork for a loan modification to Bank of America but was told it wouldn't qualify — until a letter arrived recently that admitted the bank had made a mistake. Regulators are now trying to address the problem on a large scale.