WASHINGTON (AP) - Timothy Mayopoulos, the general counsel of Fannie Mae, will be the next CEO of the government-controlled mortgage giant.
WASHINGTON (AP) - Average U.S. rates on 30-year and 15-year fixed mortgages this week fell to fresh record lows for the sixth straight week. Cheap mortgages continue to help boost prospects for home sales this year.
DEAR BENNY: I am 58 years old and married. My total household income is less than $50,000. I have no mortgage; however, I do have a line of credit with $130,000 owed.
Nowhere else in the home must design and function marry as harmoniously as in the kitchen. The most-used room in the house is also the one where we spend the most work and leisure time, the one that gets the most scrutiny from potential buyers and the spot where most renovation dollars get spent.
Here's a silver lining to the foreclosure crisis: There's anecdotal evidence it is leading to the improvement of older housing stock in Manteca.
The kitchen and bathroom are at the top of most home remodeling project lists. But homeowners intent on remodeling should also consider investing in the exterior of their homes - maybe even start there.
WASHINGTON (AP) - A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month.
Summer is finally here, and with warmer temperatures and longer days, it's the perfect time to brighten up your home with a few outdoor painting projects. You can add the right amount of color and increase your curb appeal in just one weekend, leaving you the rest of the season to enjoy the finished product.
LOS ANGELES (AP) - Homes in some stage of the foreclosure process saw their share of overall U.S. home sales grow in the first quarter even as sales of bank-owned homes fell.
WASHINGTON (AP) - Congress has given itself two more months to come up with long-term solutions for the debt-burdened federal program that provides insurance for homes and businesses in areas subject to flooding.
DEAR BENNY: You frequently write about the stepped-up basis when a property is inherited. In today's market, however, you may find the reverse situation.
Wood is one of the oldest building materials we know, and one of the most beloved. It's a love affair that has lasted - like hardwood itself - through the centuries, from the log cabins of earliest America into the early 21st century.
Window boxes overflowing with blooms, decorative pots lining the driveway with striking colors, and even a flowering vine climbing up the mailbox - the growing season have arrived, and it is time to decorate the landscape.
ST. LOUIS (AP) - Foreclosed homes typically sell cheap, but just how cheap is surprising some buyers in the St. Louis area.
LUBBOCK, Texas (AP) - No one's talking about giving intelligence tests, but researchers say they've shown that plants have smarts - the sort needed to help them survive dry times.
Owning a home is part of the American Dream, yet standards on income, credit and debt are making it tougher to buy a home than it was 10 years ago. Even though requirements are relaxing, only three out of five borrowers get approved.
Installing or fixing a faucet can seem like a daunting task. But, in many cases homeowners can update the kitchen and bath themselves - all you need are the right tools, good judgment and a little time to devote to the project.
Do long, winter days holed up indoors have you dreaming of a new deck to relax on come springtime? Whether you envision transforming a deck into a personal sanctuary or building a new outdoor living space for backyard entertaining, now is the perfect time to start turning those dreams into reality.
WASHINGTON (AP) - Construction of new homes rebounded in December, helping to push activity for the entire year to the highest level since the peak of the housing boom nine years ago.
NEW YORK (AP) - U.S. homebuilders are feeling slightly less confident in their sales prospects ahead of the spring homebuying season, traditionally the peak period for home sales.
Homeowners can avoid emergency repairs by completing a few home projects each season. A simple project such as inspecting the plumbing annually can prevent the unexpected cost of repairing water damage from a pipe that burst.
WASHINGTON (AP) - U.S. home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that apartment dwellers are facing more financial pressure.
The bathroom doesn't have to be basic. Thanks to a wide array of new products on the market - and plenty of ways to customize - even the most outdated bathrooms can become an oasis of tranquility and a lavish retreat away from the stresses of everyday life. Here are six ideas for transforming your bathroom into a luxurious spa-like space.
WASHINGTON (AP) - Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent.
WASHINGTON (AP) - Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company.
The naysayers were insistent.
What are the hottest updates for homes in 2015? The kitchen is one of the most popular rooms in the home to remodel, and for good reason. According to HGTV and Trulia, a kitchen update is one of the secrets to selling your home.
Modern, lively, exciting - if these words don't describe the style of your favorite rooms, an update is in order. Painting is a classic makeover tool for interior spaces. To give your home's aesthetic a boost of personality and style, consider these surprisingly simple DIY paint projects that can be done in one day or less.
The life of a homeowner is unpredictable. It is inevitable you will encounter necessary home fixes and even an occasional disaster. From storm-damaged roofs and extended power outages to a cabinet door ready to fall off its hinges, it's important to fix issues quickly before they become a hazard to your family, pets or visitors.
SAN DIEGO (AP) - California home sales jumped in December, buoyed by a stronger economy and lower interest rates, a research firm said Thursday. Prices rose modestly.