Reuters Money

Why household debt reduction could jumpstart economy

September 19, 2011

If we could move beyond the housing crisis, where would we find the seeds of a broad-based turnaround?

AARP sues Wells Fargo, Fannie Mae over reverse mortgage foreclosure

August 5, 2011

Aida Lemus, 70, cries as she is evicted from her foreclosed condominium in Anaheim, California, June 23, 2009.  REUTERS/Lucy Nicholson AARP’s legal battle against wrongful reverse mortgage foreclosures has shifted from government regulators to lenders.

Trading up in a down housing market

August 4, 2011

There’s no getting around it: In much of the country, this is a terrible time to unload your home.

Reverse mortgage loans headed for third straight declining year

July 29, 2011

The reverse mortgage industry is headed for its third straight year of declining loan activity in the wake of the housing crash and the exit of three of the market’s biggest lenders.

It’s time for banks to pay back their debt to the rest of us

July 29, 2011

The devilish deficit dance going on in Congress right now has been a convenient distraction for big U.S. banks. They’ve not only escaped new taxes for now, but they also are relishing their taxpayer bailout by earning robust profits.

Luxury real estate: How to snag a deal on a foreclosure or short sale

July 5, 2011

Opportunities to buy foreclosed — or soon-to-be foreclosed — luxury homes are on the rise. But watch out for the pitfalls that could sour what seems like a sweet deal.

Real estate: How to buy a luxury home with cash

June 29, 2011

Cash is king in high-end real estate this year, serving to stabilize the market as tight credit conditions and depreciated home values continue to plague the embattled real estate sector.

Wells Fargo exit underscores trouble in reverse mortgage industry

June 22, 2011

The country’s largest reverse mortgage lender is exiting the business, saying the loans have become too risky in the current climate of falling home values.

After the housing bust, what’s next?

June 17, 2011

Beyond the double-dip U.S. housing recession, is there a future for the American home market? What I see emerging as growth magnets are established city enclaves and “new urbanist” communities that resemble old-style neighborhoods without the sprawl. They are close to public transportation, walkable and loaded with culture and amenities. They personify the new American dream.

Communities not keeping pace with graying home owners

June 6, 2011

A report issued today on the nation’s housing market is full of all-too-familiar news on the state of America’s housing industry. But one statistic from The State of the Nation’s Housing stands out: home owners are going  gray.