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CNNMoney: Why the mortgage settlement is a fair dealupdated: Fri Feb 24 2012 06:06:00

Shaun Donovan is the Secretary of the U.S. Department of Housing and Urban Development.

CNNMoney: What the foreclosure settlement means for youupdated: Thu Feb 09 2012 17:50:00

The nation's five largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008.

CNNMoney: New-home sales hit a record lowupdated: Thu Jan 26 2012 13:27:00

Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.

How the government can solve the housing crisisupdated: Fri Oct 28 2011 09:38:00

Fannie Mae, Freddie Mac, and the Federal Housing Administration own about 250,000 foreclosed properties awaiting resale. Hundreds of thousands of additional units will likely be taken over by the government and become available in the next few years. At least another 250,000 foreclosed properties are awaiting sale in the private market. This drag on the housing market is one of the reasons why housing prices continue to fall and new housing construction is stalled.

CNNMoney: Mortgage help for unemployed disappearsupdated: Mon Oct 03 2011 05:44:00

The federal government can't even give money away to help the unemployed pay their mortgage.

CNNMoney: Foreclosures fall for 10th straight monthupdated: Thu Aug 11 2011 11:08:00

Foreclosure filings dropped once again in July, hitting their lowest level since November 2007, as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes.

CNNMoney: Obama's housing scorecardupdated: Fri Jul 08 2011 10:57:00

The Obama administration has announced yet another initiative to help struggling homeowners avoid foreclosure.

CNNMoney: Secrets to getting a mortgage with so-so creditupdated: Tue Jul 05 2011 14:40:00

Getting a mortgage can be tough these days -- even people with near-perfect credit have been rejected for loans. But for some lucky borrowers, things aren't as bad as the doom-and-gloom crowd says.

CNNMoney: Mass BlackBerry confusion in looming shutdownupdated: Fri Apr 08 2011 17:27:00

What happens when you apply an 1884 law to BlackBerries? Mass confusion.

Money Magazine: Should I take out a reverse mortgage?updated: Thu Feb 03 2011 13:54:00

My wife and I are 62 and just starting to take Social Security. We're thinking about taking out a reverse mortgage and using it as a line of credit. The extra money could come in handy. What do you think? -- S.W., Red Oak, Texas

Feds: Couple refused to sell home to black radio personality, wifeupdated: Wed Aug 11 2010 12:59:00

A Chicago, Illinois, couple, their real estate agent and a real estate broker face charges of violating the federal Fair Housing Act for refusing to sell a $1.8 million home to black radio personality and comedian George Willborn, the U.S. Department of Housing and Urban Development said.

Blog: Dreamliner's candy-pink screens and huge windowsupdated: Thu Jul 22 2010 08:05:00

When a new aircraft makes its international public debut, it's a big deal -- especially when it's been delayed. The anticipation, the excitement of seeing the plane in the flesh, the way it flies and moves, with your own eyes.

CNNMoney: More families are homeless and on the streetsupdated: Thu Jun 17 2010 08:59:00

The Great Recession drove more families into homeless shelters in 2009, a new federal report has found.

Should public housing projects go smoke-free?updated: Wed Jun 16 2010 18:55:00

Between puffs of his cigarette, Aristo Lizica explains why he's all for a smoking ban in public housing -- including his own housing project on the Upper West Side of Manhattan. "When you smoke indoors, it hurts everybody," the 59-year-old says, leaning against an iron fence outside his building. "It's better for me to just make myself sick."

HUD director in Puerto Rico indicted on corruption chargesupdated: Thu Feb 25 2010 16:41:00

The director of the Puerto Rico office for the federal housing agency has been indicted on 40 counts of corruption, federal prosecutors announced Thursday.

CNNMoney: New and improved mortgage formsupdated: Thu Dec 31 2009 15:39:00

Starting Jan. 1, new rules go into effect that simplify and clarify exactly what mortgage lenders will charge for a loan.

CNNMoney: Want to avoid foreclosure? Go see a counselorupdated: Wed Nov 18 2009 14:48:00

Housing counselors, who've received more than $400 million in federal funds to help mitigate the mortgage crisis, are helping troubled homeowners avoid foreclosure and lower their monthly payments, a study released Wednesday has found.

CNNMoney: Foreclosure blight: The cleanup crawls alongupdated: Tue Sep 29 2009 14:54:00

A controversial $3.9 billion federal program aimed at saving neighborhoods blighted by foreclosure is hitting hurdles that could threaten its effectiveness.

CNNMoney: Homeless families spike in the suburbsupdated: Thu Jul 09 2009 19:38:00

Homeless families in suburban and rural areas jumped by 56% in 2008, according to a government report released Thursday.

CNNMoney: Get your $8,000 HUD tax credit nowupdated: Mon Jun 01 2009 09:22:00

First-time homebuyers will now have access to quick cash to help them with their down payments.

CNNMoney: Renewed HOPE for Homeownersupdated: Thu May 21 2009 07:50:00

One of the biggest disappointments of the foreclosure prevention fight has been HOPE for Homeowners, a plan Congress passed in an attempt to help as many as 400,000 underwater, delinquent borrowers from going into foreclosure.

CNNMoney: $8,000 fast cash for first-time homebuyersupdated: Tue May 19 2009 12:45:00

Home prices are cheap. Affordability is at a record high. And the market is littered with distressed properties looking for a buyer.

CNNMoney: Saving a city - one house at a timeupdated: Tue Apr 14 2009 11:44:00

Suffering from one of the highest foreclosure rates in the nation, Rhode Island is getting nearly $20 million from Washington to rehabilitate neighborhoods most affected by the mortgage meltdown.

CNNMoney: Radical cheap: $1,000 homesupdated: Tue Apr 14 2009 11:37:00

The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.

9 tips for buying a foreclosed homeupdated: Tue Feb 24 2009 11:43:00

A tide of foreclosed properties has been sweeping into the beleaguered housing market, bringing down property values, dislocating families, and sending municipal governments scrambling to manage the crisis. But some buyers see a once-in-a-lifetime opportunity in the gloomy headlines; they are buying up foreclosed properties at ultra-low prices.

CNNMoney: Fannie, Freddie to fund part of planupdated: Sat Feb 21 2009 09:59:00

The White House is using only $50 billion from the $700 billion financial industry bailout package to fund the foreclosure prevention program, a senior administration official clarified Friday.

CNNMoney: Getting your hands on some green ... stimulusupdated: Tue Feb 17 2009 09:50:00

If you want to green-up your home - and get the government to kick in for part of the bill - now may be the time to do it, thanks to the stimulus.

CNNMoney: HUD Secretary: We must limit foreclosuresupdated: Sun Feb 08 2009 13:41:00

With Treasury Secretary Tim Geithner set to unveil a new plan to help banks and homeowners Tuesday, and the Senate tentatively prepared to vote on a $780 billion stimulus bill that day as well, this will a busy week in Washington.

CNNMoney: Post-layoff assistanceupdated: Mon Dec 22 2008 15:39:00

This holiday season folks are thinking more about their bottom line than presents and mistletoe, and some are just struggling to keep their heads above water.

Obama names choice for housing secretaryupdated: Sat Dec 13 2008 13:25:00

President-elect Barack Obama has chosen Shaun Donovan, New York City's housing commissioner, to be his secretary of Housing and Urban Development.

Commentary: Avoiding the fear and shame of foreclosureupdated: Wed Nov 26 2008 09:53:00

When you sit across the desk from someone with overwhelming debt, you can sense their fear before a word is spoken. And when their home is in jeopardy, the fear fills the room. Low-Income Housing: Another Crisis Looming?updated: Fri Sep 19 2008 16:00:00

A decades-old solution to housing low income Americans may find itself depleted as landlords choose to opt out of it Home Buying After Fannie and Freddie updated: Wed Sep 10 2008 16:00:00

Following the government takeover, a range of new programs are on the way for homeowners who can't afford their mortgages

Money Magazine: Reverse mortgages: Beware the come-onsupdated: Sat Aug 30 2008 20:28:00

Last year, borrowers took out more than 132,000 reverse mortgages - 50% more than the year before and almost 10 times as many as five years ago. Such loans, as you may already know, allow you to draw down your home equity if you're 62 or older without repaying it as long as you stay in your house.

CNNMoney: Foreclosure crisis: The $4 billion fixupdated: Thu Aug 07 2008 12:04:00

City officials and community activists can't wait to get their hands on nearly $4 billion the federal government is about to inject into blighted neighborhoods suffering from record foreclosures. Defining 'Homelessness Down'updated: Wed Jul 30 2008 12:00:00

A new report suggests that the government is making great strides in reducing the problem. But that depends on your meaning of the word homeless

CNNMoney: How the housing bill can benefit youupdated: Tue Jul 29 2008 10:09:00

A bill to help struggling homeowners is waiting to be signed by the President. Here are some top tips on how this bill can help you.

CNNMoney: New Fed rules miss one key lending abuseupdated: Wed Jul 23 2008 16:42:00

Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.

CNNMoney: Rising rates? Not too late to refiupdated: Mon Jun 02 2008 17:24:00

Interest rates on 30 year mortgages are above 6% - their highest levels since March. Is the end of low interest rates on the horizon? Here are some top tips on what you need to know if you want to refinance. Bush Chooses New HUD Chiefupdated: Fri Apr 18 2008 18:00:00

President Bush on Friday chose SBA Administrator Steve Preston to lead the government's housing agency at a time of crisis in the industry, praising him as a skilled manager

CNNMoney: The futile $100M foreclosure fixupdated: Tue Apr 08 2008 12:04:00

Housing counselors are often the last and best line of defense for borrowers facing foreclosure, and the $15 billion housing rescue bill now before the Senate allocates $100 million for foreclosure prevention counseling.

CNNMoney: High-cost mortgages just got cheaperupdated: Fri Mar 07 2008 12:23:00

Mortgage costs just got cheaper for buyers in high-cost areas.

CNNMoney: Protecting your home's valueupdated: Mon Mar 03 2008 12:15:00

Foreclosures in your neighborhood affect your home's value even if you've been paying your mortgage on time.

CNNMoney: A subprime bailout plan that worksupdated: Wed Dec 05 2007 12:05:00

One government response to the subprime mortgage crisis is up and running and on track to help a significant number of borrowers avoid losing their homes.

Working from homeupdated: Fri Sep 21 2007 03:44:00

CNN's Gerri Willis offers tips on setting up a home-based business.

CNNMoney: The Fed and credit cardsupdated: Fri Sep 21 2007 03:44:00

Question 1: Will the lower rate affect the interest rate the credit card company charges me? - Kim, TX

CNNMoney: If your mortgage lender goes under...updated: Wed Aug 08 2007 05:54:00

American Home Mortgage filed for Chapter 11 bankruptcy protection this week. Mortgage banking company Homebanc announced it will shutter its doors. Other mortgage lenders are also sending out distress signals. Here's what you need to know if your mortgage lender goes out of business.

Gerri's Top Tips: If your lender goes underupdated: Wed Aug 08 2007 00:04:00

American Home Mortgage filed for Chapter 11 bankruptcy this week. And mortgage banking company Homebanc announced it will shutter its doors. Other mortgage lenders are also sending out distress signals.

CNNMoney: When your lender goes out of businessupdated: Thu Mar 01 2007 11:21:00

A number of subprime mortgage lending companies are taking a hit to their profits or facing bankruptcy. Here's what you need to know if your mortgage lender goes out of business.

CNNMoney: The 3 stages of foreclosuresupdated: Wed Sep 13 2006 10:05:00

Regardless of the state of the housing market, Americans will always cling to the foreclosure dream - to buy that dream home for pennies on the dollar.

Oops: Impostor scams Louisiana officialsupdated: Mon Aug 28 2006 15:24:00

A man who pulled a hoax on Louisiana officials and 1,000 contractors by presenting himself as a federal housing official said Monday he intended to focus attention on a lack of affordable housing.

CNNMoney: Real estate bargain binupdated: Tue Jul 11 2006 16:19:00

Who says there are no deals left in real estate? Government Web sites sell homes all over the country and many of them qualify as real bargains.

HUD chief denies spiking Bush critic's contractupdated: Wed May 10 2006 19:18:00

Housing Secretary Alphonso Jackson apologized Wednesday for telling a business forum in Dallas, Texas, he had spiked a contract bid of a critic of President Bush.

Money Magazine: Simple solutions to fee bloatupdated: Tue Feb 14 2006 14:35:00

The real problem in real estate transaction costs is greater than what's happening on Aquila Lane.

Money Magazine: Retire on the Houseupdated: Wed Jun 01 2005 00:01:00

If your nest egg isn't big enough to support the retirement lifestyle you aspire to, you may be sitting on a valuable asset that can help you bridge the financial gap: your house. Buoyed by the 65%...

CNNMoney: Retire on the houseupdated: Mon May 16 2005 14:33:00

If your nest egg isn't big enough to support the retirement lifestyle you aspire to, you may be sitting on a valuable asset that can help you bridge the financial gap: your house.

CNNMoney: Homebuying with no money downupdated: Mon Mar 07 2005 16:37:00

This article originally ran in December 2003 and has been updated.

CNNMoney: Fighting predatory lendingupdated: Mon Sep 27 2004 14:07:00

Predatory lending can take many forms -- from pushing unjustifiably expensive loans on consumers to charging excessive fees for lending services.

CNNMoney: Where foreclosures are jumpingupdated: Mon Aug 16 2004 18:00:00

Not everyone is getting rich off of real estate: The number of foreclosed properties in many parts of the country is increasing, according to data tracked by

CNNMoney: Builders to fight Bush's low-income planupdated: Thu Jun 17 2004 11:02:00

Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.

Money Magazine: Where to Go to Find Out Moreupdated: Tue Jun 01 2004 00:01:00

More than 4 million sites provide free advice, but up-to-date listings will cost you. In general, stay away from sites that don't offer free trials. --CAROLYN BIGDA

CNNMoney: Take a bite out of closing costsupdated: Mon Mar 22 2004 10:59:00

With mortgage rates still as low as they are, financing a house is dirt cheap these days, right?

CNNMoney: Closing in on a mortgageupdated: Mon Feb 23 2004 15:56:00

So, you think rocket science is difficult? Try understanding the mortgage settlement process.

CNNMoney: Breaking the barriers to home ownershipupdated: Wed Feb 18 2004 10:40:00

The Census Bureau says home ownership is at record high with nearly 69 percent of all Americans owning their own home.

CNNMoney: HUD Firesaleupdated: Mon Feb 16 2004 11:14:00

BEND, Ore. (CNN/Money) - Clearance! The Department of Housing and Urban Development (HUD) is liquidating 4,000 of its foreclosed properties in a special two-day auction at the end of February. Everything must go!

CNNMoney: The next big trend: Foreclosureupdated: Wed Feb 04 2004 18:01:00

BEND, Ore. (CNN/Money) - Terri Moloney, a real estate agent in Gastonia, N.C., used to sell a couple of foreclosed properties a year.

Fortune: The Paradox of Public Housingupdated: Mon Jan 11 1999 00:01:00

Congress passed an important bill in October regarding publicly subsidized housing for the poor. You'll remember this, of course, from the banner headlines, heated debates on radio call-in shows, a...

Money Magazine: New Help For Seniors Who Want To Get Cash From Their Homesupdated: Sat Aug 01 1998 00:01:00

Reverse mortgages certainly do sound like an enticing option for many older homeowners--and that's been part of the problem. Sorting out the details of these complex loans--which aren't traditional...

Money Magazine: How To Keep Escrow Shocks To A Minimumupdated: Mon Jun 01 1998 00:01:00

The heated-up housing market may affect not only the size of your down payment but also another big sum you'll owe when you buy a home--the escrow account lenders make you fund to cover property ta...

Money Magazine: Is It Too Tacky to Ask for Cash?updated: Sun Mar 01 1998 00:01:00

Here's a way to get a wedding present you can really use: In a little-known program offered by at least three dozen banks nationwide--including Fleet Mortgage (888-466-3353) and PNC Mortgage (800-4...


Q. I bought a condominium several years ago for $92,000. When I needed more space, I decided to rent it out and buy another house. Unfortunately, the real estate market sank, and I now owe $85,000 ...


Lately, more and more older home- owners are turning to reverse mortgages to supplement their retirement income. Think of a reverse mortgage as a spigot that allows you to pour your home equity int...

Money Magazine: SHOULD I SAVE FOR MY KIDS' COLLEGE BILLS THROUGH AN UGMA OR A TRUST?updated: Wed May 01 1996 00:01:00

Q. I established a Uniform Gifts to Minors Account (UGMA) at a mutual fund for college savings for my daughter. Now my wife and I just had twin boys, and I want to start saving for them too. But in...

Money Magazine: WAYS TO DEFLATE YOUR LENDER'S PUFFED-UP MORTGAGE CLOSING FEESupdated: Wed May 01 1996 00:01:00

APPLYING FOR A MORTGAGE CAN BE AN exercise in intimidation. You open your financial records to a stranger who has the power to deny you the money for your dream house. Then at closing, the document...

Money Magazine: NEW FEDERAL RULES GIVE HOMEOWNERS SOMETHING TO (ES)CROW ABOUTupdated: Sun Jan 01 1995 00:01:00

Although mortgage rates are climbing, one cost of home ownership is scheduled to drop this spring--on April 24, to be exact. That's the effective date for new rules standardizing how lenders must c...

Fortune: How to buy a politician, responsibilism on Wall Street, our sensitive government, and other matters. THINKING ABOUT THE GAUNTLETupdated: Mon Oct 17 1994 00:01:00

-- Herewith a few things one has learned as a result of looking into the Federal Aviation Administration's suddenly infamous sensitivity training program, which the American people learned about on...

Fortune: Barbra's mother talks, unfree speech in Berkeley, laughless on the Internet, and other matters. FAIR-HOUSING FOLLIESupdated: Mon Aug 22 1994 00:01:00

We recently ran an ''Only in America'' item about various phrases (e.g., ''walk-in closet'') now viewed as verboten in real-estate ads because they might violate federal or state fair-housing legis...

Money Magazine: DON'T LET BIAS SLAM THE DOOR TO A HOME LOANupdated: Thu Apr 01 1993 00:01:00

Some mortgage seekers face a special hurdle: racial bias. According to studies by the Federal Reserve and others, minority applicants are turned down two to four times more often than whites. The J...

Money Magazine: THESE NEW RULES COULD RAISE THE COST OF FINANCING A HOMEupdated: Fri Jan 01 1993 00:01:00

With a parting shot aimed straight at home buyers' pocketbooks, outgoing U.S. Department of Housing and Urban Development Secretary Jack Kemp has issued new guidelines that could cost you thousands...

Fortune: Castro and McEnroe hang tough, the ethics of pastrami, gerrymandering galore, and other matters. BUREAUCRATIC ETHICSupdated: Mon Aug 26 1991 00:01:00

One day back in the golden 1950s, when a juvenile version of the present writer was learning the ropes at FORTUNE, he found himself at a staff meeting called to discuss conflicts of interest. Eons ...

Money Magazine: WHEN TO GET THE LEAD OUT OF YOUR HOUSEupdated: Mon Jul 01 1991 00:01:00

In the mid-1980s, homeowners trembled over the health risks posed by radon, the odorless cancer-causing gas that the Environmental Protection Agency estimates is found in unhealthful concentrations...

Money Magazine: SMART MOVES updated: Wed May 01 1991 00:01:00

Sniff out bargains in government-repossessed homes by phoning the Resolution Trust Corporation (800-782-3006), which controls 19,000 single-family houses and condos; or get in touch with your local...

Money Magazine: QUESTIONING KEMP updated: Wed Aug 01 1990 00:01:00

Some critics of price-level adjusted mortgages (PLAMs) ((Mail: A Caution from Kemp, July)) are alarmed because nominal payments can seem quite high if inflation accelerates. In real terms, however,...

Fortune: Sex at the SEC, Washington learns from the Mafia, a couple of big Dukakis fans, and other matters. THE OTHER HUD SCANDALupdated: Mon Jan 15 1990 00:01:00

What has gone before: The U.S. Department of Housing and Urban Development is rocked by scandal. It seems that ''influence peddlers'' have actually exerted influence on certain HUD decisions. Led b...

Fortune: CAN BUSINESS SAVE PUBLIC HOUSING? With strong support from the leaders of Chicago's private sector, a real estate millionaire toupdated: Mon Nov 20 1989 00:01:00

THE SIEGE BEGINS just before 9 A.M. on a sunny Thursday. Some 120 people -- police officers, Chicago Housing Authority employees, and other city officials -- surround 340 South Western Avenue, a di...

Fortune: A TIME BOMB FOR U.S. TAXPAYERS The government guarantees millions of mortgages, bonds, deposits, and student loans. These liabilupdated: Mon Oct 23 1989 00:01:00

TIRED OF worrying about America's budget deficit? Now you can start worrying about the vast sums that are not on the budget. Uncle Sam's off-budget guarantees will climb from $2.1 trillion in 1980 ...

Money Magazine: THE BEST WAYS TO HELP FINANCIALLY Cash handouts may not be the ideal solution. Helping your parents make the most of their own aupdated: Sun Oct 01 1989 00:01:00

If you are helping your parents with their medical care or such everyday chores as shopping and housekeeping, chances are you regularly give them some financial support as well. Or if you don't do ...

Fortune: Twins' ideologies, Barbara Walters's hairdresser's rent, the pols' favorite phrase, and other matters. % MORE HOUSING FOLLIESupdated: Mon Aug 14 1989 00:01:00

-- Nexis, normally unflappable, seemed instantly daunted by the request we put to it the other day. We had asked how many stories in our favorite database featured the phrase ''affordable housing.'...

Money Magazine: This Just In updated: Tue Aug 01 1989 00:01:00

-- Tip of the month: Credit unions have paid higher yields on money-market accounts than have banks or savings and loans this year, according to the newsletter Bank Rate Monitor.

Fortune: HOUSING POLICY NEEDS A REHAB Washington spends poorly on the poor, and local governments block construction the middle class canupdated: Mon Mar 27 1989 00:01:00

WHEN WERE YOU LAST at a dinner party where someone didn't raise at least one of these perennially favorite topics: (1) how that $47,500 subdivision split- level, bought in 1973, is now worth a cool...

Fortune: AN AGENDA FOR PRESIDENT BUSH The first priority is to gradually bring the budget into balance with both spending cuts and revenuupdated: Mon Jan 16 1989 00:01:00

IN THEIR Report to the Forty-First President of the United States of America, Gerald R. Ford, President No. 38, and Jimmy Carter, No. 39, offer this observation: ''Americans are ready to do what ha...

Fortune: How to Cut the Budget: Third of a Series LET'S GET STINGY WITH BUSINESS AND CITY HALL The federal government can cut the deficitupdated: Mon Apr 01 1985 00:01:00

IN THE THICK undergrowth of federal spending, subsidies to business and state and local governments are some of the hardiest forms of plant life--and the most in need of weeding. They will have cli...

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