Mortgage News

Builders of N.Y. mosque face financial hurdles

The developers planning to build a $100 million Islamic center near the World Trade Center site are nearly a quarter-million dollars behind on real estate taxes and late fees.



World Trade Center - Islam - Real estate - New York City - September 11 2001

Tips for getting homeowners insurance

1. Loyalty is overrated

Pending home sales rise 5.2% in July

The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.



Contract - Business - National Association of Realtors - Residential Housing - Construction and Maintenance

Banks to allow local groups to buy foreclosures

Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.



Foreclosure - United States - Local government - Non-profit organization - Real estate

Mortgage applications rise 2.7% on low rates

Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.



Mortgage - Loan - Business - Financial services - United States

Homeowners feel stress of life 'underwater'

A broad swath of homeowners — those not headed for the worst-case scenario of foreclosure — are nonetheless grappling with the impact of lost home equity.






Foreclosure - Real estate - Business - Investing - Mortgage loan

Housing quagmire: Is it time to remove relief?

For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments.

Home prices gain 3.6% in past year

Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.

Burst of buying drove up June home prices

Home prices rose in June for a third straight month as now-expired tax credits inspired a burst of home-buying.



Home - United States - Accounting - Tax - Conferences

Ever so humble, but housing is more expensive

You look back 10 years, what did you get? A little bit cleaner and deeper in debt. With apologies to Tennessee Ernie Ford, that’s a brief synopsis of how U.S. home life has changed during the past decade.



United States - Tennessee Ernie Ford - Tennessee - Government - Shopping