Mortgage News

U.S. home foreclosures jumped in the third quarter and banks' efforts to keep borrowers in their homes dropped as the housing market continues to struggle, U.S. bank regulators say.

Marriage break-ups can be tense. And when divorcing couples sell their homes, it's buyer, agent and everyone else beware.

U.S. consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy's recovery.

Home prices are dropping in the nation's largest cities and are expected to fall through next year, with the worst declines coming in areas with high numbers of foreclosures.

Home prices took a shockingly steep plunge on a monthly basis, an indication that the housing market could be on the verge of -- if it's not already in -- a double-dip slump, according to an industry report released Tuesday.

Francisco and Pam Cruz maneuvered around boxes of new flooring and open cans of paint as they surveyed the foreclosed Phoenix house they would soon call their own.

The country's economic engine seems to be running in reverse as more expensive borrowing spurs home sales, and an uptick in borrowing sends mortgage rates back down.

New home sales edged higher in November, but the recovery remains sluggish.

The number of people falling out of the Obama administration's main foreclosure relief program grew in November, as more at-risk homeowners failed to lock in lower monthly payments.

More people bought previously owned homes in November, the third increase in four months after the worst summer season in more than a decade.