JEFFERSON CITY, Mo. (AP) - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
The economic recovery was once again reinforced last week with the majority of data continuing to point towards growth. Retail Sales rose a solid .7% showing that consumers are continuing to increase spending long after the holiday season has ended.
WASHINGTON (AP) - The housing market is flashing signs of health ahead of the spring-buying season.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows. But the rate stayed below 4 percent for the 12th straight week, keeping home-buying and refinancing attractive for those who can qualify.
DEAR BENNY: I am 74 and recently have been contemplating paying off my condo mortgage. The remainder of the mortgage is $98,000 at 6 percent. Can you help me through this? On the surface it seems like a good idea, but I'm not aware of all the particulars. I am in good health and will not need the $98,000 in the near future. --Dee Dee
WASHINGTON (AP) - The Federal Housing Administration could run out of money over the next year and require a $700 million cash infusion from the Treasury Department to stay afloat, according to the Obama administration's budget request sent Monday to Congress.
WASHINGTON (AP) - The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance.
WASHINGTON (AP) - U.S. homebuilders are gradually growing more optimistic about the depressed housing market and believe homes sales could pick up sharply when the spring buying season begins.
WASHINGTON (AP) - Construction of single-family homes cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come off the sidelines.
LOS ANGELES (AP) - Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims.
DEAR BENNY: My wife and I closed on a short-sale house in Florida back in 2010. We paid "in full" the homeowners and flood insurance even before we took title to the property. Once we became the owner of the property, confusion started when the insurance agent apparently (and incorrectly) advised the lender that we did not have the necessary insurance coverage.
The big headline announced this month is the $26 settlement reached between the nation's five largest banks and 49 state attorney generals. The settlement is to compensate and assist homeowners that have been either foreclosed on improperly, or homeowners that owe significantly more than the value of their home.
Rent vs. own? More Americans are wrestling with that question as the economy continues its slow recovery. Even though homes are selling at record lows, many Americans are choosing to rent instead, maintaining their mobility and financial flexibility until the economy, as well as their job prospects, improve.
Did you ever watch a home improvement show team transform a drab room into something spectacular using a shoestring budget and less time than it takes you to clean out your closet? Ever wonder how they did it? Here's the secret: they cheat. And you can too.
From barbecues and games of bocce to parties and candlelit dinners, your outdoor space can be a hub for entertaining friends and family.
If you've ever made a decision not to eat a certain food because it was bad for you, then you're like most Americans who are increasingly more health-conscious. As you consider what not to put in your body, there are simple ways to improve your health by examining what's in your home.
WASHINGTON (AP) - U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.
WASHINGTON (AP) - Fewer people bought new U.S. homes in February. Sales fell to their slowest pace in five months, a sign that the housing market has yet to recover fully from brutal winter weather.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015.
Whether you're personalizing a new home or revitalizing an old room, the start of spring is when newly imagined spaces become do-it-yourself realities.
Spring is in the air, which means it's time to refresh your indoor spaces to reflect the energy and optimism of the season. The top home decor trends of spring 2014 take a fresh approach to traditional design elements to create an aesthetic that is fresh and full of life. Best yet, the trends are easily accessible, so anyone can update their space with a few simple tips.
WASHINGTON (AP) - President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels.
Dear Real Estate Boys: My wife and I have been reading your articles in the Journal now for over a year. So far we give you a B+. Not bad at all; we've learned some real estate facts. Anyway, we are Dick and Jane. We met you in early grammar school. Remember us? It went something like this. See Jane? See Dick? See Jane run? See Dick run? Well, I finally caught Jane and we've been married for many happy years now. And yes, we have a dog named Spot. OK, here's our question. Jane was a ...
Spring is when pests come out of hiding and hibernation to search for new places to establish their colonies. Unfortunately, it's not only the flowers in your garden that attract pests but also your home itself. One of the most determined springtime pests is termites.
SACRAMENTO (AP) - Three community assistance organizations sued Gov. Jerry Brown and other state officials on Friday, alleging the state improperly diverted nearly $370 million that was intended to help homeowners struggling with foreclosures.
SAN DIEGO (AP) - California home prices rose slightly in February from the previous month, while low inventories kept a lid on sales, a research firm said Thursday.
Homeowners, builders and remodelers are always looking for innovative and new ways to enhance existing spaces during home makeovers and room renovations.
Fifty-six percent of adults who completed home improvements in the past year spent $1,000 or more, according to The Scarborough Report. Next time you're faced with a home improvement project, instead of wasting money throwing away fixable objects or hiring professionals for quick and easy repairs and improvements, keep these money-saving tips in mind. Here are five simple life hacks to help you throughout your entire home and trying one just might make you $40,000 richer!