U.S. Home Prices Surge 10.5% in March
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
housing bubble
BofA, MBIA Reach Settlement in Mortgage Dispute
Bank of America agrees to pay MBIA $1.6 billion to settle a dispute over soured mortgage securities issued during the U.S. housing boom.
Surge in New-Home Sales Signals Reviving Housing Market
Sales of new homes rebounded in March to the second fastest sales pace in three years, adding evidence of a sustained housing recovery.
Existing Home Sales Edge Down as Prices Rise
U.S. home resales edged downward in March, pointing to some slowdown in the housing market recovery pace as overall economic activity cools.
16 Big Bubbles That Are Getting Ready to Pop
With stocks markets soaring, many wonder if equities will be the next bubble to burst. But stocks aren't the only assets that look frothy: These are showing danger signs too.
Her Financial Goal: Getting an Underwater Mortgage Afloat Again
Everyone has things they want to improve about their financial lives -- and we at DailyFinance are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: A photo editor looking to modify an underwater mortgage.
Guess What Wall Street's Doing With Foreclosed Homes?
Despite the new housing construction boom, there are still lots of empty foreclosures out there, which banks have been trying to rent. But now, Wall Street wants to bundle those rental properties into securities and sell them to investors. Does this sound disturbingly familiar?
More States Join Lawsuit Challenging CFPB and Dodd-Frank
Eight more states have joined a lawsuit aimed at challenging the constitutionality of parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the creation of the Consumer Financial Protection Bureau.
Fed Governor Signals Strong New Stance on Economic Bubbles
In the past, the Fed believed it had no business trying to deflate asset bubbles -- even though when they pop, they can wipe an economy out almost overnight. But a speech made by recently appointed Federal Reserve Governor Jeremy Stein suggests that policy may be about to change.
Home Prices Rose in December by Most Since May 2006
U.S. home prices rose 8.3 percent in December compared with a year earlier, according to data Tuesday from CoreLogic, a real estate data provider. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.
CFPB Unveils New Federal Rules to Curb Risky Mortgages
The Consumer Financial Protection Bureau is laying out the nation's first rules aimed at ensuring that mortgage borrowers can afford the loans they take out. Among the new regulations are bans on the risky "interest-only" and "no documentation" loans that helped inflate the housing bubble.
Homebuilder Confidence Hits Highest Level Since 2006
Confidence among U.S. homebuilders remains at its highest level in six years, reflecting improved optimism over the strengthening housing market this year and a pickup in visits by prospective buyers to builders' communities.
Vegas Realty Crisis, Meet Reality TV: CNBC Flips Over Foreclosures
If America's subprime mortgage crisis was an earthquake, Las Vegas would be the epicenter: No U.S. city has suffered more. But all that devastation makes for great TV. Or at least CNBC hopes so, because it's mining that economic disaster for "Flipping Wars: Vegas."
Americans Are Still Paying the Tab for Countrywide's Misdeeds
Once, Countrywide Financial was the biggest U.S. mortgage lender, and the bloated appraisals it gave on homes were a root cause of the housing bubble. Here's why we're all still paying for Countrywide's bad behavior.
Fannie Mae Earned a Profit in Q1, Says It Doesn't Need More Aid
Mortgage giant Fannie Mae says it made $2.7 billion in the first quarter, the first time it has had a net income gain since it was taken over by the government during the 2008 financial crisis.