By Kenneth R. Harney April 13, 2015 6 a.m.
Interested in a reverse mortgage without a lot of hassles? Better get your application in fast. As of April 27, the federal government is imposing a series of extensive "financial assessment" tests that will make applying for a reverse mortgage tougher — much like applying for a standard home mortgage.
By Kenneth R. Harney March 30, 2015 6 a.m.
Move over, Yelp. The federal government's top consumer agency has just begun allowing mortgage borrowers to vent publicly — in full narrative detail — about the bad experiences they've had with financial institutions.
By Kenneth R. Harney March 16, 2015 6 a.m.
Although most real estate markets have rebounded from their recession lows, this harsh fact remains: About 7 million homeowners continue to be stuck in the tar pit of serious negative equity, with mortgage debt at least 25 percent higher than the value of their property, according to research firm RealtyTrac.
By Kenneth R. Harney March 9, 2015 6 a.m.
It's the great credit divide in American housing: If you buy a home and pay your mortgage on time regularly, your credit score typically benefits. If you rent an apartment and pay the landlord on time every month, you get no boost to your score — zip. Since most landlords aren't set up or approved to report rent payments to the national credit bureaus, their tenants' credit scores often suffer as a direct result.
By Kenneth R. Harney March 2, 2015 6 a.m.
As a homebuyer or seller, do you really understand real estate commissions? Do you know how much a real estate agent who lists a house for sale typically gets? Equally important, how much the agent who brings you in as a buyer gets paid — in other words, how the total commission pie gets sliced up?
By Kenneth R. Harney February 23, 2015 6 a.m.
A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms — has some good news for potential homebuyers: Things are finally loosening up.
By Kenneth R. Harney February 9, 2015 6 a.m.
When "CBS This Morning" co-host Norah O'Donnell asked the CEO of Zillow last week about the accuracy of the website's automated property value estimates — known as Zestimates — she touched on one of the most sensitive perception gaps in American real estate.