MLS Real Estate & Listings Blog

A mortgage industry alliance, under pressure to show progress in its efforts to aid troubled borrowers, says lenders gave a record amount of assistance to homeowners last month.

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Hope Now helped 183,000 at-risk borrowers stay in their homes during the month of April, according to numbers released by the coalition on Friday.

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Atlantic City’s Trump Marina Hotel Casino is being sold for $316 million to a New York company that plans to rename it “Margaritaville.”

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Rates on 30-year mortgages were pushed up this week above 6 percent amid growing concerns about inflation, mortgage backer Freddie Mac said Thursday.

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Bear Stearns shareholders OK’d JPMorgan’s $2.2B buyout of the investment bank whose wagers on subprime mortgages made it the largest corporate casualty of the credit crisis.

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Here are four issues that must be resolved before housing can stop being a drain on our economy.

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Banks say they want to help troubled homeowners, but they are delaying deals that could save everyone - including the lenders themselves - a lot of time and money.

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The Justice Department gave online real estate brokers — and potentially their clients — a boost Tuesday by forcing a new industry policy opening access to home listings the agents were previously denied.

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New home sales rose unexpectedly in April but remained near historically low levels, according to a key government report on the battered housing market.

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Sales of new homes rose in April for the first time in six months although the unexpected increase still left activity near the lowest level in 17 years.

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U.S. home prices dropped at the sharpest rate in two decades, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen.

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Like spring flowers, the “For Sale” signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.

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When the Senate Banking Committee passed a housing bill intended to limit foreclosures, panel Chairman Christopher Dodd, D-Conn., said he expected the measure could help 500,000 borrowers stay in their homes.

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Last year, borrowers took out more than 132,000 reverse mortgages - 50% more than the year before and almost 10 times as many as five years ago. Such loans, as you may already know, allow you to draw down your home equity if you’re 62 or older without repaying it as long as you stay in your house.

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Sales of existing homes fell for the eighth time in the past nine months, with the backlog of unsold single-family homes rising to the highest level in more than two decades.

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When the housing crisis hit last summer, it became very hard for borrowers to land the jumbo loans they needed to buy homes in high-priced areas, like California and New York.

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