| Sep 9, 2013
| 11:26 AM
Regulators plan to lower the maximum size of mortgages that can be backed by Freddie Mac and Fannie Mae, which is now $417,000 in much of the country and $625,500 in expensive areas such as San Francisco, Los Angeles and Orange County.
| Aug 27, 2013
| 2:20 PM
I have a confession to make: I am a homeowner.
That's a dangerous thing to say. We homeowners are getting blamed for a lot of today's economic ills, and labeled dupes besides.
It's said that we profiteer from an undeserved tax break. That our...
| Aug 23, 2013
| 3:51 PM
WASHINGTON — Do you feel that hint of a chill starting to swirl through the housing market? The cooling is slight, but it's real.
Home prices are not rising as fast in most metropolitan areas as they did earlier this year and much of 2012....
| Aug 22, 2013
| 6:06 PM
Six years after the mortgage meltdown, delinquencies and foreclosures are way down. Millions of borrowers have cut their housing costs by refinancing at the lowest interest rates ever recorded.
That's great for borrowers and bank balance sheets, but bad...
| Jul 11, 2013
| 7:12 PM
The stock market streaked to new highs Thursday as investors remained hopeful that the Federal Reserve's easy money policies will continue to drive the U.S. economy.
The Dow Jones industrial average and the Standard & Poor's 500 index, the two most...
| Aug 30, 2013
| 6:09 PM
In a new legal challenge, financial industry opponents of the city of Richmond's plan to seize underwater home loans call the gambit a disguised attempt to profit at the expense of everyday investors.
Richmond is threatening to use eminent domain to...
| Aug 26, 2013
| 1:59 PM
WASHINGTON -- The U.S. will run out of borrowing authority under the nation's $16.7-trillion debt limit in mid-October, Treasury Secretary Jacob J. Lew formally told Congress on Monday as he implored lawmakers to act soon to avoid a government default....
| Aug 16, 2013
| 11:43 AM
California shed thousands of construction jobs last month, another sign that the resurgent housing market has so far failed to translate into widespread building.
The construction industry lost 7,300 jobs in July, the largest decline of any industry,...
| Aug 8, 2013
| 7:28 AM
WASHINGTON -- Boosted by the housing market rebound, bailed-out mortgage-finance giant Fannie Mae posted its sixth straight quarterly profit in the April-June period and will pay an additional $10.2 billion in dividends to the federal government.
| Aug 8, 2013
President Obama this week joined lawmakers from both parties in calling for Congress to wind down Fannie Mae and Freddie Mac, the privately owned but government-backed companies that supply most of the funding for home mortgages in this country. There...
| Aug 15, 2013
| 6:04 PM
The city of Richmond recently asked financial institutions to sell 624 troubled mortgages — and threatened to seize them through eminent domain. Now the city has its answer: We can't help you.
The city aims to provide its residents mortgage relief...