Mortgage Meltdown - Real Estate

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New home construction rises in April

8:40am: Surprise boost in total housing starts last month, but single-family construction falls to 17-year low. (more)

Elusive housing bill inches forward

May 15: Key members of Senate Banking Committee try to hash out proposal to offer help for at-risk homeowners and overhaul how Fannie Mae, Freddie Mac are regulated. (more)

Why more homeowners aren't getting help

May 15: The firms that service mortgages are central to whether or not efforts to prevent foreclosures work. But their role is shrouded in mystery. (more)

Housing rescue stokes partisan split

May 14: GOP pushes back against Dodd bill to expand government role in helping at-risk borrowers and tighten control over big mortgage players. (more)

Foreclosure filings hit record in April

May 14: Survey sees more than 243,000 filings, up 65% from a year earlier, creating problems for local governments. (more)

Mortgage in trouble? How Congress wants to help

May 13: Should Uncle Sam insure mortgages? That's the big debate. But the devil is in the details and nobody is talking about them. Here's how the plan would work. (more)

Housing rescue: Fighting over best fix

May 12: Bush administration broadens its program to back troubled loans, as critics say the agency is not doing enough. (more)

House OKs controversial housing plan

May 8: Lawmakers approve expansion of federally backed loan program for troubled borrowers despite White House opposition. (more)

Housing inventory rises again in April

May 8: The number of homes on the market remains high, as the housing crisis continues and the Spring selling season approaches its peak. (more)

Housing-rescue bill: 'Something for everyone'

May 7: The House takes up a housing bill that Financial Services Chairman Barney Frank has bet would reel in Republicans who have called its main provision a bailout. The White House isn't biting. (more)

Pending home sales hit another low

May 7: Realtors' group says index of homes under contract fell to a record low for the second straight month, but the future looks a little bit brighter. (more)

White House threatens veto of FHA-rescue bill

May 7: The House takes up a housing bill with sweeteners meant to reel in Republicans who have called its main provision a bailout. The White House isn't biting. (more)

Bulletproof housing markets get hit

May 6: The mortgage meltdown has finally gotten to Seattle, Charlotte and and other cities where prices had been holding up. (more)

Countrywide reduced to junk

May 2: Standard & Poor's cuts battered mortgage lender's credit rating to junk. (more)

Homebuilders: No recovery until 2009

Apr 24: Economists give tepid outlook for housing prices and construction, which will continue to drag on economy. (more)

No help for 70% of subprime borrowers

Apr 22: State regulators say efforts to help at-risk borrowers are barely keeping pace with rising delinquencies. Many borrowers are left out. (more)

Hope Now's numbers don't add up to much help

Apr 10: The coalition says it's helped 1.2 million home owners, but not everyone is convinced that it's doing enough to keep troubled borrowers out of foreclosure. (more)

The futile $100M foreclosure fix

Apr 8: A new bill would allocate millions for foreclosure counseling. But is that enough to help keep at risk borrowers in their homes? (more)

Senate takes up $15 billion housing fix

Apr 2: Lawmakers begin consideration of compromise measure aimed at averting foreclosures and helping those hurt in housing crisis. (more)

Democrats seek quick strike vs. foreclosure

Mar 31: Key leaders say they'll seek a vote aimed at keeping families in their homes. (more)

New home sales hit 13-year low

Mar 26: There are more signs of housing weakness, as sales slip despite a big dip in prices. (more)

Home prices: Down record 11%

Mar 25: The residential real estate market continues to deteriorate in 2008, with 20 key markets reporting steep drops. (more)

Home sales rise on biggest-ever price drop

Mar 24: Realtors' group sees record 8.2% decline in year-over-year prices in February. (more)

The foreclosure bailout that almost blew up

Mar 20: Gail Burks, who counsels troubled Las Vegas homeowners, says she encounters endless obstacles as she tries to get people the help they need. (more)

New foreclosure rescue plan offers 'Help Now'

Mar 13: Supporters say the proposal will help rescue more home owners faster than Hope Now, a rescue coalition that some critics say hasn't done enough. (more)

Mortgage application fees may rise on appraisal reform

Mar 12: A new agreement between the NY Attorney General and Fannie and Freddie should promote independence and accuracy of appraisals. But it's going to cost buyers. (more)

Subprime alternative: FHA reform deal close

Mar 10: Lawmakers say they're optimistic that they'll be able to send a bill to President Bush for his signature by April. (more)

High-cost mortgages just got cheaper

Mar 6: Freddie and Fannie can now purchase loans worth as much as $793,000, while the FHA can insure loans for up to $729,000. (more)

3 CEOs made $460 million - House panel

Mar 6: House oversight committee prepares to investigate why executives at companies battered by the mortgage crisis were awarded big payouts. (more)

Foreclosures hit all-time high

Mar 6: Over 900,000 borrowers are losing their homes, up 71% from a year ago, and a record number of home owners are behind on payments. (more)

Home sales stay weak in Realtors' report

Mar 6: Homes under contract flat in January but remain near record low, showing continued weakness in market. (more)

Housing: Best time to buy in four years

Mar 4: Home values have declined across the country, giving homebuyers the best buys they've had since 2004. (more)

Hope Now: We've helped 1M home owners

Mar 3: The coalition, which has been criticized for failing to truly make loans more affordable, says it has reduced the balance or interest rates for many borrowers. (more)

Home price plunge accelerates

Feb 26: 2007 year-end results are in and the news is bad: Major housing markets were down even more than anticipated. (more)

January foreclosures up 57%

Feb 26: Filings saw yet another big jump last month, compared to levels a year ago; 45,327 homes were lost to bank repossessions. (more)

Foreclosure bill faces Senate test

Feb 25: A vote Tuesday could indicate whether mortgage bankruptcy reform proposal will proceed. (more)

Foreclosure prevention plan under attack

Feb 21: Lenders trying to derail legislation that would allow bankruptcy judges to reduce mortgage balances for home owners. (more)

Mortgage crisis: Don't forgive debt, just postpone repayment

Feb 20: A new plan from the Office of Thrift Supervision would have lenders reduce mortgage balances, but let them collect the difference later. (more)

Subprime loans defaulting even before resets

Feb 20: It turns out that massive interest rate spikes aren't the problem -- many borrowers couldn't afford these mortgages even at the low, introductory interest rates. (more)

Home builder outlook remains dim

Feb 19: Homebuilders group reports increased traffic by potential buyers, but the outlook for the near future is darkening. (more)

Home prices in steepest quarterly drop

Feb 14: Realtors say prices fell faster and in more places over last part of 2007. (more)

Hope Now: When loan workouts don't work out

Feb 14: Many troubled mortgage borrowers end up in foreclosure, even after their lender has cut them a deal. Here's why. (more)

Beating foreclosure: Who to call

Feb 13: Homeowners in trouble have to wade through many options to see whether they qualify for any assistance from their lender. (more)

Rust and Sun Belt cities lead '07 foreclosures

Feb 13: Detroit, Stockton and Las Vegas are top activity centers for troubled homeowners, according to a new study. (more)

Major lenders put freeze on foreclosures

Feb 12: Banks will halt foreclosure proceedings to give lenders time to work out delinquency solutions. It's the latest attempt to tackle the housing crisis. (more)

6 big lenders to offer broad mortgage relief

Feb 11: Homeowners behind in payments will get 30 days to work out problems; program expected to be unveiled Tuesday. (more)

Countrywide expands mortgage workout scope

Feb 11: Under a broader plan, subprime borrowers with fixed rate loans will be eligible for restructured loans. (more)

Refinancing: Only for the privileged few

Feb 8: Sure, now is a great time to refinance - that is, if you can still qualify. Here is what lenders are looking for. (more)

Freddie, Fannie debt may pose risk to economy

Feb 7: The housing slump has compelled the two entities to buy up mortgages on the secondary market that banks are backing away from. But that could end badly, charges one regulator. (more)

Homeowners: Can't pay? Just walk away

Feb 6: More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? Skip out on the mortgage all together. (more)

Las Vegas tops foreclosure list

Feb 5: The Nevada area has seven of the top ten zip codes hardest hit by the housing meltdown. (more)

New $20B subprime bailout on the table

Jan 31: Senator Chris Dodd proposes setting up a fund that would buy defaulting subprime mortgages and restructure loans for borrowers. (more)

Most middle class still can't buy a house

Jan 30: Prices have fallen but not by enough to make it possible for nurses, fireman or teachers to buy homes of their own says a new report. (more)

Home price drop is biggest ever

Jan 29: The S&P Case/Shiller report shows the biggest year-over-year price decline on record. (more)

Foreclosures up 75% in 2007

Jan 29: Defaults are way up for the year, with once red-hot Sun-Belt markets reporting the worst losses. (more)

Foreclosures spike - and will get much worse

Jan 28: Defaults are on the rise according to a new report, and the trend could last for years. (more)

New home sales: Biggest drop ever

Jan 28: Weak December sales caps 2007's record slide, with prices for the month off sharply from a year earlier. (more)

Regulator opposes stimulus plan's mortgage fix

Jan 26: Government agency takes stand against letting Freddie Mac and Fannie Mae buy higher-cost loans. (more)

Stimulus plan also sparks housing market

Jan 25: The measures would make mortgages easier to get and reduce borrowing costs -- especially in hard-hit, high-cost housing markets. (more)

Stimulus plan also sparks housing market

Jan 25: The measures would make mortgages easier to get and reduce borrowing costs -- especially in hard-hit, high-cost housing markets. (more)

Pain relief for mortgage flare-ups

Jan 24: Those resets for adjustable rate mortgages may be a little easier to take as interest rates fall. (more)

Mortgage meltdown: Now the rents

Jan 16: More fallout from the current housing slump - the cost of renting a home stagnated in 2007, according to an exclusive report for CNNMoney. (more)

Builders' confidence edges up from record low

Jan 16: Most builders still see weak housing market, but there are signs of hope for the not so distant future. (more)

Cleveland sues lenders over subprime

Jan 11: City says 21 banks and mortgage companies signed off on deals they knew they shouldn't have made. (more)

Housing: No room for bulls

Jan 10: Three bears took on a lone bull at a real estate conference debate in New York this week. Guess who won? (more)

Bush on housing: Congress should do more

Jan 3: The president calls on lawmakers to 'act quickly' on his proposals to ease the mortgage crisis, but not all of them have an equal chance of passage. (more)

Manhattan home prices: Still crazy

Jan 3: It's a seller's market in the Big Apple as overseas buyers, empty nesters and Wall Street workers compete for the few homes for sale. (more)

How they got housing wrong

Dec 28: Experts thought 2007 would bring a real estate recovery - not the worst collapse on record. What does that say about forecasts of a turnaround next year? (more)

Home prices post record decline

Dec 26: S&P/Case-Shiller index of 10 major cities fell 6.7% in October. Housing markets remain 'grim.' (more)

Mortgage mess has government scrambling

Dec 24: A look at the moves needed to ward off recession and foreclosures in 2008. (more)

Pain Street USA: '08 housing outlook

Dec 21: The forecast is for a longer, deeper home-price slump than previously expected, with double-digit declines in many markets. (more)

November foreclosures take a dip

Dec 19: Filings post biggest monthly decline since April '06; even with drop, foreclosures leap 68% from a year ago. (more)

Fed tightens up lending rules

Dec 18: The central bank is proposing regulations that offer greater protections for home buyers and curtail abusive lending. (more)

Next steps for FHA bills

Dec 17: Provisions of the Senate bill are less aggressive than the House version. Differences will be reconciled in conference. (more)

A low, low interest rate of 396 percent

Dec 14: Struggling Cleveland homeowners are taking out payday loans when they fall short. Is it a quick source of cash or legalized loan sharking? (more)

Builders' lobbyist: We made too many homes

Dec 13: Chief of National Association of Home Builders says overbuilding by some members was one factor in the housing meltdown. (more)

Subprime creep: From city to burbs

Dec 12: Cleveland's wealthier suburbs are seeing an explosion in foreclosures as the crisis spreads from the city's poorer center. (more)

Americans split on mortgage bailout

Dec 11: Only a slight majority of Americans want to see special treatment for those at risk of default; most blame borrowers for woes. (more)

Subprime freeze plan: Who's left out

Dec 9: The new foreclosure prevention program may leave out most distressed subprime borrowers. (more)

Bush subprime plan offers help to 1.2M

Dec 6: Mortgage interest rates will be frozen only for ARM borrowers who are not yet in foreclosure. (more)

Hope Now faces big challenges

Dec 6: Mortgage counseling is a key leg of the foreclosure prevention plan, but services are already stretched. (more)

Foreclosures reach record high

Dec 6: Lenders report sharp rise in foreclosures along with the highest level ever of homeowners seriously late in payments, and warned worst is still ahead. (more)

Toll Brothers can't stay in black

Dec 6: Luxury home builder posts first loss in more than 20 years after getting hit by property writedown, rising cancellations and falling prices. (more)

Bush to unveil plan to help homeowners

Dec 5: The plan will freeze certain subprime mortgages for 5 years, a compromise hammered out with mortgage lenders and banking regulators. (more)

Clinton calls for subprime rate freeze

Dec 5: The presidential candidate's proposal covers borrowers who are both current and behind on their mortgage payments. (more)

A subprime bailout plan that works

Dec 5: The government's FHASecure program could get a quarter of a million troubled borrowers out of unaffordable loans. (more)

Rate freeze success: Devil's in the details

Dec 4: Efforts to "fast track" loan modifications may not be as effective as they could be unless a standard of "affordability" is agreed on. (more)

Roadblock to a subprime solution

Dec 4: The biggest obstacle to a mortgage bailout plan could be the investors who wound up with the bad debt. (more)

Foreclosure rescue: No help for you

Dec 3: A plan put together by U.S. Treasury Secretary Henry Paulson to stave off foreclosures leaves out a lot troubled borrowers. (more)

Paulson: Subprime help on the way

Dec 3: Treasury secretary says the government is working harder than ever to help troubled homeowners. (more)

Paulson confident of rate freeze plan

Dec 3: Secretary says Treasury Department working 'aggressively and quickly' to hammer out shield for homeowners struggling with higher payments. (more)

Builder dumps homes in Morgan Stanley deal

Dec 3: Lennar sells portfolio previously valued at $1.3 billion for $525 million to joint venture owned 80% by Morgan Stanley. (more)

Rate freeze plan for ARMs gains traction

Nov 30: Plans to suspend interest rate increases for resetting adjustable rate mortgages are moving forward. (more)

Foreclosure impact: Next stop, tax drop

Nov 29: Soaring foreclosures will result in lower tax collections for hard-hit cities. (more)

October foreclosure filings surge

Nov 29: More than 50,000 lost their homes in October; foreclosure rates expected to rise in 2008 as adjustable-rate mortgages reset. (more)

Foreclosure's other victims - those left behind

Nov 28: When every second house sits vacant, home values plummet and neighborhoods deteriorate. (more)

Countrywide faces foreclosure probe

Nov 28: Report says bankruptcy court regulator looking into whether mortgage lender is tacking on improper fees and charges to loans in foreclosure. (more)

Home prices take steeper downturn

Nov 27: Third-quarter home prices dropped 1.7% from prior quarter, largest drop in 21-year history - S&P Case/Shiller. (more)

Foreclosures: Mayors see major hit to economy

Nov 27: A group representing more than 1,100 U.S. cities predicts declines in local industry and tax collections. (more)

Foreclosure rescue: Saving a home

Nov 21: How a Cleveland family got into a mortgage mess and what they did to keep their house. (more)

Home prices drop for fourth straight quarter

But the latest home prices from Realtors show losses seem to be easing. (more)

Latest home prices

Second quarter numbers are in from the National Association of Realtors - 149 markets tracked. (more)

California cities fill top 10 foreclosure list

Stockton, Calif. records highest foreclosure rate among nation's metro areas according to a new survey. (more)

Countrywide forced to turn to banks for help

Leading mortgage lender tightens lending standards, turns to more expensive $11.5 billion line of credit to maintain liquidity; chairman cashing out of stock. (more)

Housing starts at decade low

Starts and permits both fall more than forecasts as builders pull back from troubled market. (more)

Paulson: Market turmoil to slow U.S. growth

But strength of markets, economy should prevent a recession, Treasury Secretary tells Wall Street Journal. (more)

Dems take on mortgage meltdown

Clinton, Dodd, Obama and Edwards take aim at reforming lending practices. (more)

Mortgage meltdown contagion

A grim forecast has economists more pessimistic over how far the collapse will spread to the rest of the economy. (more)

Will the Fed save the day?

Bernanke & Co. did not signal an imminent rate cut at the Fed's last meeting, but some think the Fed will take emergency action as the credit crunch gets worse. (more)

Credit turmoil throws deals in jeopardy

As financing markets seize up, investors are growing more skeptical that some buyout deals will happen. (more)

Who can't get a mortgage now

Buyers with good credit and a down payment will make out well - all others, prepare to pay. (more)

Rate jump for big mortgages

The cost of financing an expensive home purchase is jumping, making high-end buyers the latest victims of the mortgage meltdown. (more)

Subprime problems spread

AIG sees uptick in defaults in more credit categories. European investors feel the pain too. (more)

Mortgage resets: Record bill coming due

Billions in subprime ARMs will be subject to higher payments. (more)

Foreclosures drift to Sun Belt from Rust Belt

A new survey shows foreclosure clusters are on the move from industrial centers to coastal and southern states. (more)

If your mortgage lender goes under...

More and more mortgage companies are closing shop as the subprime loan saga continues. Here's what to do if yours shuts down. (more)

About to retire? It's all about the 'safe money'

If you're on the cusp of retirement and feel rattled by the recent volatility in stocks, here's a way to protect your portfolio (more)

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