Prashant Gopal
Boom-era property speculators to get foreclosure aid
NEW YORK - The Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded,...
Foreclosures to climb before bank deal helps U.S. housing market
WASHINGTON - The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent...
Banks paying homeowners a bonus to avoid foreclosures
NEW YORK - Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to...
U.S. ‘underwater’ homeowners increase to 28.6%, Zillow reports
NEW YORK - The number of U.S. homeowners who owe more than their properties are worth climbed in the third quarter as lenders repossessed...
Banks overwhelmed by mortgage refinancing after job cuts
NEW YORK - Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge.
“There’s just so...
Slide in U.S. home values slowed in second quarter, Zillow says
NEW YORK - Home values in the U.S. had their smallest decline in more than four years in the second quarter, as the share...
U.S. housing may not recover until at least 2014
NEW YORK - More than half U.S. homeowners and renters say housing won’t recover until at least 2014, reflecting a deepening pessimism about the...
U.S. mortgage rates fall to 5-month low
NEW YORK – Mortgage rates in the United States decreased for a fourth week, sending borrowing costs to the lowest level since December.
The average...
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