Clippers' Chris Paul Scores House From Avril Lavigne" alt="Clippers' Chris Paul Scores House From Avril Lavigne" />

By Ann Brenoff Clippers point guard Chris Paul just made good use of some of his $68 million contract. He plopped down a good chunk of it to buy pop diva Avril Lavigne's Bel-Air house that's been on the market since last spring at $9.8 million. Lavigne listed the house after her split from Sum 41 frontman Deryck Whibley. ... Continue Reading »

Report: Down Payment Changes Could Hobble Minority Buyers" alt="Report: Down Payment Changes Could Hobble Minority Buyers" />

Nearly three-quarters of African-American and Latino mortgage borrowers could be excluded from affordable homeownership if federal regulators approve a proposal to require 20 percent down payments, according to a study released Wednesday. Co-authored by the UNC Center for Community Capital and the Center for Responsible ... Continue Reading »

Homeless Face Eviction From Tent City" alt="Homeless Face Eviction From Tent City" />

By Jaweed Kaleem It was not long ago that most Americans would envy Marilyn Berenzweig. A textile designer, she earned $100,000 a year and lived a comfortable New York City life with her husband, a former radio producer. They paid $2,000 month for their apartment, kept a vegan diet, and had had a soft spot for pet ... Continue Reading »

Government Trying to Repay 200,000 Minority Borrowers" alt="Government Trying to Repay 200,000 Minority Borrowers" />

By Bonnie Kavoussi The government would like to repay more than 200,000 minority borrowers who allegedly paid unfairly high interest rates and fees on mortgages, but first the government needs to find them. After a historic $335 million settlement with Bank of America's Countrywide unit -- the largest housing ... Continue Reading »

Study: Foreclosure Process Time Has Doubled Since 2007" alt="Study: Foreclosure Process Time Has Doubled Since 2007" />

By Alexander Eichler If the American housing market is ever to recover -- and provide some momentum to a broader economic turnaround -- it needs to work its way through the millions of foreclosed properties that have yet to be processed and auctioned off. But those cases are taking longer and longer to get through. ... Continue Reading »