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.
Fall patio season is upon us, which means hosting family and friends for warm-weather gatherings and barbecues. Don't fret; outdoor events don't have to break the bank. With just a bit of creative vision and DIY savvy, you'll have an al fresco affair to remember in no time at all.
Hand-planed, reclaimed hardwood floors? Beautiful but pricey. Custom drapery? The cost can be blinding. When it comes to home decorating, it's easy to blow your budget on one or two upgrades - and maybe that would be OK if those improvements also amped up the drama in your decor. Too often, however, costly decorating ploys disappoint, wearing out or becoming dated before you've paid off the financing.
YORK, Maine (AP) - Lighthouses for sale! Actually, lots of lighthouses for free.
WASHINGTON (AP) - The average 30-year U.S. mortgage rate this week remained at a 52-week low of 4.10 percent for the third straight week.
Here's a trend that might catch you off-guard: Upwards of one in six new homebuyers in Manteca are single.
When you add a tile or natural stone surface to the kitchen or bathroom, it transforms each space with a fresh, clean and customized look. Many homeowners often dream about adding a backsplash or replacing a floor, but never complete the project because they can't decide on the right look, become mentally exhausted by the thought of doing the project or don't know how to accomplish it themselves.
You love the days when you can go home from work, open the windows and enjoy dinner out on the deck. And it sure isn't hard to rise early on those sunny weekend days to spend all day in the backyard. Those days are here, and it's time to get outside to spend time with the grill, the garden and the deck.
The United States is a country of renovators and remodelers, judging from the steady growth of home improvement projects across the nation in recent years.
Wood may be known for its timeless visual appeal, but there's nothing static about the way people showcase it in American homes. Designers, homeowners and DIYers are re-discovering the warmth and beauty of wood. From inventive new uses to re-interpretations of existing styles, they're finding creative ways to use wood throughout the home.
WASHINGTON (AP) - More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.
Organizing the garage may be one of the most feared tasks in household history. According to a recent Gladiator GarageWorks survey, nearly three out of four households can only park one car in their two-car garage, illustrating the need for a serious garage intervention.
WASHINGTON (AP) - The average 30-year U.S. mortgage rate remained at a 52-week low of 4.10 this week.
WASHINGTON (AP) - U.S. home prices increased at a slower pace in June - a cooldown that could continue for several more months.
Add quality and comfort to your favorite rooms
The under $230,000 market when it comes to nicer resale homes is almost history once again in Manteca.