Wednesday, June 18, 2008

Housing rescue group steps up efforts

Hope Now members agree to more streamlined, uniform approach to foreclosure prevention. But community advocates say it isn't enough.


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Mortgage industry blasts Senate bill

Six trade groups representing lenders said parts of the Senate housing bill are too restrictive and will expose lenders to lawsuits.



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Tuesday, June 17, 2008

Housing rescue group steps up efforts

Hope Now members agree to more streamlined, uniform approach to foreclosure prevention. But community advocates say it isn't enough.



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Mortgage lenders vow quick response

Bush-backed industry group promises to respond to troubled borrowers within 45 days, but lawmakers call the plan inadequate.


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Monday, June 16, 2008

73,000 homes lost to foreclosure in May

Filings for the month jumped by 48%. Nevada, California, and Florida continue to bear the brunt of the crisis.


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Property-flipping rule suspended

The White House temporarily suspends a rule that imposes a 90-day waiting period before foreclosed homes can be sold to receive government loans.



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6 real estate bargains

The housing downturn's upside? You don't have to go overseas anymore for your dream retirement home. We found the six best markets for deals.


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Housing: It'll get worse

Hard hit cities like Sacramento, Phoenix and Las Vegas are set for more steep losses. Some real estate experts are bracing for price drops of as much as 50%.



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For this broker, foreclosures spell boom

David McIlvaine has the right specialty in a housing crisis: He sells homes that banks have taken back from borrowers who can't pay their mortgages.



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Where home prices are headed next

Want to know what your home will be worth this time next year? Check out these home price forecasts for the 100 largest U.S. markets, from Money Magazine.


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Housing crunch, 90210

Places like Beverly Hills, Calif. and Greenwich, Conn. have been hit by steep price declines, and a jump in foreclosures.


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Mortgage applications show rebound

Mortgage Bankers Association reports 10.9% rise in applications for week of June 6.


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We redid our kitchen for $6,000

How one couple created a luxe, low-cost kitchen with quality secondhand stuff and sweat equity.



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