Finance Homeowners

Ohio Homeowners Receive $280 Million in Help

Ohio homeowners have received $280 million worth of help with their mortgages through a national settlement struck last year with five banks.

Calif. Share of Mortgage Settlement Put at $46 Billion

After suffering some of the biggest losses from the housing crash, Californians are getting the lion's share of a $46 billion nationwide settlement from top mortgage lenders.

Banks Report $350 Million in NC Mortgage Relief

The five banks involved in a sweeping national mortgage settlement reported providing $350 million in mortgage relief to 7,500 borrowers in North Carolina through the end of last year, according to a report released Thursday by the settlement's monitor.

Mortgage Settlement Sends Money Flowing to Calif. Homeowners

Nearly 72,000 Californians have had their mortgages reduced or forgiven under terms of a multistate mortgage settlement with six major banks, according to a report Thursday from the state appointee monitoring the banks' compliance.

El Paso Home Resales Outperform US Market

Sales of resale, or used, El Paso homes, reported by the Greater El Paso Association of Realtors, increased almost 12 percent last year compared with 2011 to 3,492 homes.

Bank Helps Find Jobs for Troubled Homeowners

Fifth Third has teamed with re-employment company NextJob to offer job-search assistance to clients who are having trouble making mortgage payments.

Moneyed Buyers Snap Up Mega-mansions in Coastal Florida

Pat Riley, president of basketball's Miami Heat, sold his spectacular bayfront mansion in gated Gables Estates for $16.8 million last March.

Ranch Sales Rise for Wealthy Investors

In 2011 and 2012, Hall and Hall realty based in Billings had back-to-back record years, according to director Jim Taylor. Last year, he said, the company did about $330 million in sales.

Securing Shore Homes After Sandy an Expensive Job

The post-Sandy rebuilding of the Jersey Shore is well under way, and companies that specialize in elevating houses are in high demand, despite a price tag well into the tens of thousands.

Foreclosure Ruling Disappoints, Lawyers Say

The Florida Supreme Court on Thursday declined to send a message to lenders that file fraudulent documents in foreclosure cases, local attorneys say.

Median Home Prices See Largest Year-over-year Increase in 9 Years

Southern Nevada's housing market began 2013 with mixed results last month, with rising prices, shrinking inventory and an uptick in nondistressed sales.

Housing Recovery Still a Long Way from Normal

"Economists are broadly in agreement that housing is no longer weighing against economic growth and will actually be a positive contributor in 2013.... Sounds good, but there is a sobering footnote."

Fannie Mae, Lenders Financed $33.8 Billion in Multifamily Loans

Fannie Mae has relied on its Delegated Underwriting and Servicing (DUS) program to play a significant role in the multifamily housing market for twenty-five years.

Upstate Real Estate Agents, Builders Eye Low Interest Rates

Phil Aquil, general manager of M.J. Peterson Co., aand others say mortgage rates below 4 percent continue to create an attractive sales climate. All they need, they say, is more buyers and sellers to start taking advantage of the rates.

Chicago Home Price Recovery Lags Other Major Cities

The Chicago area's housing recovery continued to lag behind other cities and the nation, as prices in November fell 1.3 percent from a month earlier, according to a widely watched barometer of the housing market.

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