No shame in walking away from mortgage

Borrowers who “strategically default” and walk away from mortgages with the thinking  they're better off taking the risk aren't abusing system. They're using it the way it's designed to be used.

Home sales grew in second quarter in 39 states

U.S. home sales grew in the second quarter in 39 states, another sign that the ailing housing market is finally coming to life.

Mortgage rates climb to 5.29 percent

Rates on 30-year mortgages rose this week, remaining above 5 percent after reaching a record low earlier this year, Freddie Mac said Thursday.

Foreclosures rise 7 percent in July from June

The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the foreclosure crisis continued to outpace government efforts to limit the damage.

Mortgage demand drops as loan rates rise

U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June.

Man attempts to raffle his Jackson Hole home

A Jackson Hole man is attempting to raffle off his $735,000 home after it languished on the market for more than a year.

Luxury-home sales showing signs of life

Ultra-luxury home sales are picking up, and some of the priciest homes are located in gold-standard beachfront locations.

Help slow to arrive for homeowners

After over a year of various industry initiatives, the slow pace of rewriting unaffordable loans remains at a crawl, threatening a fragile recovery. By's John W Schoen.

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