With home prices up, investors saw a path to own cheap properties in the $34.7 billion of bad mortgages sold last year.
Between San Francisco's hot real estate market and its dwindling teacher pay, not one home or apartment is listed on the market there at a price a typical teacher can afford.
Freddie Mac says it will soon send the U.S. Treasury a $10.4 billion dividend, putting taxpayers further into the black on their bailout of the mortgage giant.
Mortgage applications fell last week to the lowest level in nearly two decades, a clear sign of weakness in buyer demand heading into the usually busy spring housing season.
Buying a new home in a new neighborhood can be great. But if you try to sell too soon, you'll be competing with newer homes, and that can be an expensive trap to escape.
More bad news for the housing market as data show new-home starts and permits tumbled in January and applications for new mortgages fell in the latest week.
Lenders repossessed fewer U.S. homes in January, bringing the number of completed foreclosures down to the lowest level in more than six years.
U.S. home resales rose slightly in December as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market.