U.S. bank regulators issued new standards for bad credit home loan lending on Friday. They includes several new consumer protections.
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Tougher standards have made subprime Maryland mortgage loans more difficult to qualify for - and that means they will have little affect on reducing the number of foreclosures in Frederick County.
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In the middle of a nationwide slump, a few housing markets have held their ground - and then some.
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Hopes for a spring turnaround in the slumping Massachusetts housing market haven’t panned out, with May home sales declining sharply.
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The waiting game. Buyers and sellers are familiar with the concept, sitting from the sidelines, afraid to gamble on a slow Southern California housing market.
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United States mortgage applications fell for a second straight week as mortgage rates remained near recent highs, the Mortgage Bankers Association reported Wednesday.
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As the summer months roll in, Colorado Realtors are working to keep up with the increased pace.
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Home sales in the Chicago housing market plummeted 20.7% last month compared with May 2006, according to the Illinois Association of Realtors.
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U.S. stocks closed lower as the growing concerns about the subprime (or bad credit mortgage) market dragged down shares of several prominent investment groups.
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The national market for existing homes remains mired in a slump, and the St. Louis housing market hasn’t bucked the trend. Indeed, compared with sales a year ago, the local region fared worse than the nation.
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