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A Couple's Descent Into ForeclosureTracing one Vallejo, Calif., couple's descent into foreclosure and bankruptcy. Read more | Comments
Fannie to Aid Underwater LoansFannie Mae is preparing a program of refinancing mortgages for people who owe more than the current value of their homes. The plan is the latest twist in efforts to contain the surge in foreclosures in much of the U.S. Discounts? Yes, but a Fire Sale? NoThe market for debt tied to commercial real estate is beginning to thaw as investors buy up mortgages and securities at discounts. 
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A Gamble That Went BustThe collapse of ANB, an Arkansas bank that went bust last week in the biggest failure of a brick-and-mortar U.S. bank in more than a decade, is an ominous sign for many banks that gambled on real estate. Housing Starts Post Surprise RiseHome construction unexpectedly jumped 8.2% in April, making the biggest increase in two years. However, the surge was driven by a surge in multi-family housing, while single-family starts dropped. Congress Faults Bush on Housing BillThe Bush administration is a surprising wild card in the debate about a housing rescue. Lawmakers say the White House has sent mixed signals about what kind of housing bill it would approve. Family Feud Upsets Asian FirmA family feud roiling one of the world's largest property developers, Sun Hung Kai Properties, took a fresh turn when its chairman and CEO won a temporary injunction fending off what he called an attempt by his two younger brothers to oust him. Fannie to Scrap Policy Over Down PaymentsFannie Mae is expected to announce that it is scrapping a policy requiring higher down payments on home mortgages in areas where house prices are falling. Pushing the Envelope on VegetablesGarden centers, catalogs and seed companies are promoting strange, colorful vegetables to intrigue veteran gardeners and inspire a new generation who -- until recently -- hadn't shown much interest in getting their hands in the dirt. American Girl Founder Puts Houses on SalePleasant Rowland, the founder of doll company American Girl, has put both of her houses in Aurora, N.Y., on the market. Former Bear Stearns executive Alvin H. Einbender has listed his apartment& hellip; plus more. Photos Sewer to Spigot: Recycled WaterA growing number of cities and counties grappling with water shortages are turning to a solution that may be tough for some homeowners to stomach: purifying wastewater so that residents can drink it. Will Upgrading Your Home Help You Sell It?The resale value of home improvements in general is sliding, according to experts. In a departure from recent trends, homeowners are getting the best payback from relatively mundane improvements, such as sprucing up the exterior of their house. Home Buyers, Start Your EnginesThe latest data on the housing market shows that prices are falling at last. If you're thinking of buying, now's the time to look. Credit Frozen: What To Do?Across the U.S., lenders are slashing home equity lines of credit (HELOCs). June Fletcher on what to do if your loan is put on ice. Home-Price Decline SpreadsIn the latest sign that the housing market is deflating at a record pace, the National Association of Realtors said prices declined in more metropolitan areas in the first quarter than at any time in the past three decades. Relocation Costs Hit CompaniesCompanies are disclosing sizable bills to cover real-estate losses of transferred senior officers. Qwest lost $1.8 million on its CEO's former home. Centro's Structure Fends Off CreditorsCentro Properties Group's complicated capital structure was a key to its growth. Now that the company is struggling, the structure may shield it from creditors. Self-Storage Business Faces a TestAs self-storage companies head into their peak rental season, the assumption that they will benefit from the housing crisis is being tested. Post's Meager ProspectsChances for a sale of Post Properties appear to be dimming amid weaker-than-expected first-quarter earnings and the loss of a key prospective buyer for the company. Companies Take Hits on Relocation CostsCompanies are disclosing sizable bills to cover real-estate losses of transferred senior officers. Qwest lost $1.8 million on its CEO's former home. Brisk Commercial Development Takes BreatherPrime office rents in downtown Calgary, while remaining the priciest of Canada's top 10 markets, have declined for the first time since 2002. Beazer Restates Results for 9 YearsBeazer restated financial results over nine years, removing one of several clouds hanging over the home builder. As Dues Dry Up, The Neighbors PayNeighborhood associations are grappling with shrunken budgets as residents lose their homes to foreclosure and building slows. As a result, associations are raising fees or putting the brakes on improvements and amenities. Democrats Face Rescue BacklashDemocrats are risking a backlash over efforts by Congress to rescue homeowners who can't afford their mortgages. The White House and most Republicans say this amounts to using taxpayer money to reward bad behavior. A Couple's Descent Into ForeclosureTracing one Vallejo, Calif., couple's descent into foreclosure and bankruptcy. Bonds Tied to Mortgages Have HopeMaybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults doesn't send their prices tumbling again. Fannie to Aid Underwater LoansFannie Mae is preparing a program of refinancing mortgages for people who owe more than the current value of their homes. The plan is the latest twist in efforts to contain the surge in foreclosures in much of the U.S. Fannie Aims to Head Off ForeclosuresFannie Mae is preparing a program of refinancing mortgages for people who owe more than the current value of their homes. The plan is the latest twist in efforts to contain the surge in foreclosures in much of the U.S. Property Mogul Poised to Fall AgainIan Bruce Eichner is on the verge of losing control of his Las Vegas casino-resort project -- 16 years after a similar loss in Times Square. His roller-coaster track record shows that in commercial real estate, failure on an epic scale need not be a career killer. Real-Estate Drop Has a Green LiningDevelopers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves. For Mortgages Underwater, Help Swims InA small fish with a healthy appetite for mosquito larvae is being pressed into service in California, Arizona, Florida and other areas struggling with foreclosures. The problem: swimming pools of abandoned homes have turned into breeding grounds. House Passes Homeowner AidThe House passed a package of measures aimed at tackling the housing crisis, but bickering signaled turbulence ahead for the legislation. Russia's Abramovich Buys Colorado RanchRussian oil magnate Roman Abramovich has bought a Colorado ranch for $36.3 million & hellip; Baseball great Henry & quot; Hank& quot; Aaron has listed his West Palm Beach, Fla., home that borders a golf course for $900, 000 & hellip; plus more. Photos
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