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HOUSING CORNER: Federal agency on the watch for 'strategic defaults'

In late June, Fannie Mae — the Federal National Mortgage Association — announced several policy changes to discourage strategic defaults. »Story,

Recent Stories

  • Housing Corner: Recalling landmark legislation

    April is Fair Housing Month and April 11 marks the 42nd anniversary of the passage of the U.S. Fair Housing Law, Title VIII of the Civil Rights Act of 1968. The act, as amended, states the national fair-housing policy applies without regard to race, color, creed, national origin, sex, familial status, or handicap, while encouraging fair-housing opportunities for all citizens. It is important to celebrate and be reminded of this law and how it helps to assure that every American has the right to fair housing. »Story,

  • From horror to haven

    When Russ Roberts closed his home's front door behind him for a trip back to Chicago one day in October 2005, little did he realize that it would be nearly four years and $1.5 million before he would be able to live in the house again. »Story,

  • Tips to turn 'for sale' into 'sold'

    Selling a home today requires more effort than in recent years. Now that the nation's real estate fever has cooled, it is important for homeowners to understand what they can do to best position their home in an increasingly competitive market. »Story,

  • Rental-market woes

    The wave of new homebuyers that has at least temporarily propped up sales of single-family homes not surprisingly has left area residential rental property managers scrambling to fill a growing number of vacant houses and apartment units. »Story,

  • Appraisers hope rule changes ease burdens

    If a first-time buyer's home loan isn't approved, if a refinance package hits the skids or a builder's solar water-heating system fails to boost the value of a remodeled house, there is one person who seems to catch the blame — the appraiser. »Story,

  • Fixer-upper fixes 'house addict'

    PALM SPRINGS, Calif. — People used to drive by the little battleship-gray bungalow with nary a glimpse. Inside, the Palm Springs home's warren of small, dark rooms with popcorn ceilings were equally unimpressive. Craig Ferree recalls other problems. »Story,

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