Lenders have helped an increasing number of mortgage borrowers to get current on payments and stay in their homes, but the tide of foreclosures is still rising.

Housing prices in 20 major cities fell at record monthly and annual levels in January, according to a private report issued Tuesday, with prices down 2.8% from December and 19% from a year earlier.

Projections for when the nation's 100 largest metro areas will hit bottom, and how prices are likely to change in the next 12 months.

Projections for when the nation's 100 largest metro areas will hit bottom, and how prices are likely to change in the next 12 months.

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Boston, Mass. - A large, Boston-based real estate corporation, The Community Builders, Inc. (TCB), and nearly two dozen associated property owners have agreed to pay a $200,000 penalty and spend more than $2 million in lead paint abatement work at residential properties to settle an enforcement action brought by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Housing and Urban Development (HUD).

When mortgage borrowers fall behind on payments and run the risk of losing their homes, they sometimes grab the first lifeline tossed their direction. Often that lifeline is a TV or Internet advertisement making grand promises - and has more than one string attached.

WASHINGTON, DC - Today, President Barack Obama announced his intent to nominate the following individuals to key administration posts: Dr. Howard Koh, Assistant Secretary for Health, Department of Health and Human Services; Phyllis C. Borzi, Assistant Secretary of Labor for Employee Benefits Security, Department of Labor; Helen R. Kanovsky, General Counsel, Department of Housing and Urban Development; Rhea Suh, Assistant Secretary for Policy Management and Budget, Department of Interior; and Hilary Tompkins, Solicitor, Departmentof Interior.

If HOPE for Homeowners, the foreclosure-prevention plan passed last summer, was a soft drink, it would be New Coke. If it was an automobile, it would be an Edsel. A movie? Howard the Duck.

Sales of newly constructed homes unexpectedly rose in February, rebounding nearly 5% after sinking to the lowest level on record in January, according to a government report released Wednesday.

The housing bust is not all bad news; some homebuyers have purchased their dream homes at prices they couldn't even hope for a year or two ago.

WASHINGTON - U.S. Secretary of Housing and Urban Development Secretary Shaun Donovan released the following statement today in response to new data suggesting improvements in the housing market. Today, the U.S. Census Bureau and HUD announced an increase in residential home sales in February 2009.

WASHINGTON - The U.S. Department of Housing and Urban Development will receive special recognition for promoting the use of energy efficient appliances in public housing units and encouraging public housing authorities across the country to follow "green" building standards.

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WASHINGTON - Just over a month after President Obama signed the American Recovery and Reinvestment Act of 2009 into law, the U.S. Department of Housing and Urban announced today that, subject to HUD approval, public housing authorities can begin spending nearly $3 billion to make significant improvements to tens of thousands of public housing units nationwide. HUD is informing 3,122 local housing authorities in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands that spending can begin on a backlog of previously underfunded capital improvement projects.

Sales of existing homes unexpectedly rose in February, but remain near historically low levels, according to an industry report released Monday.

Mortgage interest rates are already flirting with record lows and the Federal Reserve's move to buy up government debt will send those rates even lower. But it doesn't look like it will get any easier for borrowers - even those with good credit.

Kitchen too small? Depressed by your rooms? No matter what your budget, there's a way to solve the problem.

Dodd: I didn’t know about bonuses
Norwich Bulletin, CT
Dodd’s reversal of his AIG statements was reminiscent of the first days of last year’s accusation that he’d accepted special deals on mortgage from Countrywide Financial. The senator first denied his involvement in a VIP program before admitting he was ...

Federal Reserve to Invest $1.2 Trillion to Steady Economy
ToTheCenter.com, NY
In a move to stymie the growing recession and sagging financial outlook, the Federal Reserve announced on Wednesday a $1.2 trillion initiative that will attempt to lower mortgage rates and encourage spending. The plan includes the spending of $300 ...