Foreclosures can do a number on your credit report, and here's what you can expect when that happens. Continue Reading »

2012 will probably be considered the year that a sinking housing market finally hit bottom and began to rise again. Home prices, home sales and new home construction all substantially increased amid shrinking inventory and record-low mortgage rates. Adding to the drama (and perhaps aiding the recovery): Lenders finally ... Continue Reading »

By Jim Avila and Serena Marshall Linda and Jim McMahan said that they could not believe their luck in 1993 when they found their dream house. "We loved it," she said. "It wasn't a huge house, but it was a nice size. ... It had the big trees in the yard. And we have deer in the yard every day, and wild turkeys. ... Continue Reading »

By Samantha Debianchi Finding your dream home is truly a special and momentous occasion, but sometimes the honeymoon doesn't last. Just as money is the root of many divorces, it is also the root of many foreclosures. But once the long and tedious process is finalized, how do you get back in the game and find a new match? ... Continue Reading »

Low mortgage rates have helped boost sales of homes all year, as well as spur refinancing. Continue Reading »

There have been numerous improvements in the economy and the housing market, specifically in the last few years, and that is reflected in the type of credit ratings carried by potential homebuyers nationwide through the end of last year. With the slowly improving economy and jobs numbers, many consumers are now finding ... Continue Reading »

It hardly seems possible that mortgage rates can get much lower, but they have. Homeowners are taking notice and refinancing their mortgages. But if you're afraid that refinancing (again) will hurt your credit score, relax. Continue Reading »

Adding a mortgage to your credit report will usually drop your score, but it doesn't have to stay that way. Continue Reading »

Like millions of Americans have done in recent years, the Facebook founder decided to refinance his mortgage. But the average homeowner probably shouldn't try what he did to get it a rock-bottom interest rate. Continue Reading »

A report recently released by the Federal Reserve offers new figures that capture the full scope of the housing bust's devastating impact on household wealth. Median family net worth plunged by close to 40 percent during the economic crisis, the report found. The study shows that the real estate market's collapse was ... Continue Reading »

By Ismat Sarah Mangla, Money Magazine Finding an affordable house is no longer a problem but qualifying for a mortgage can be. Here are six tips to getting a mortgage and a good rate. 1. Put your credit on ice. The higher your credit score, the lower your rate: The best rates go to those with a 760 or more, says ... Continue Reading »

By Kerri Panchuk The average loan size that lenders issued to borrowers in the past three months grew by $20,000, suggesting a thawing in mortgage lending, Capital Economics said Wednesday. While the report, which was released by Capital Economics analysts Paul Dales, Paul Diggle and Amna Asaf, stopped short of ... Continue Reading »

This $6.785 million residence, located in the luxurious Martis Camp community of North Lake Tahoe, Calif., boasts four bedrooms, 5½ baths, and an incredible array of cutting-edge amenities -- including a home iPad interface system and hydronic heating throughout the flooring. The master suite, which offers ... Continue Reading »

By Jon Prior Freddie Mac CEO Charles "Ed" Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by the government-sponsored enterprises. In January, the Treasury said it would triple incentive payments to mortgage investors ... Continue Reading »

It didn't take long before the carnage in the hit house-party movie "Project X" spilled onto the real real estate market. Thirteen teenagers are being questioned for their possible involvement in a wild house party that will cost the builder nearly $100,000 in repairs, reports KHOU in Houston, Texas. "It's ... Continue Reading »