My Affordable Real Estate

Kehrt Reyher didn?t expect that, during the renovation of an 18th-century palace in southern Poland, he would come up with an idea that could turn his professional life around.

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A judge has penalized Wells Fargo & Co., saying it failed to monitor a mortgage-servicing company. It is an instance of blame falling on a portion of the mortgage industry that had largely gone unscathed.

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The number of borrowers delinquent on their home loans rose at a slower pace for the third month.

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Consumer confidence continued to weaken in April, posting a fourth consecutive decline. Meanwhile, home prices fell 12.7% in 20 major cities amid slumping home sales and an increasing inventory of vacant homes.

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U.K. house prices could drop by around 30% over the next couple of years if more interest-rate cuts don’t come quickly, a member of the Bank of England’s Monetary Policy Committee said.

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The Bank of England’s chief said falling house prices are likely to cut consumer borrowing and slow spending growth.

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Lenders are seeing a rapid rise in defaults on a type of mortgage that gives consumers with good credit several different monthly-payment options.

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February home prices posted record declines according to the S&P Case/Shiller Home Price Index, which was released Tuesday.

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The pace of housing rescue efforts slowed in the first quarter of the year, according to a new report, while the number of people losing their homes to foreclosure skyrocketed during the same period.

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A good credit score doesn’t mean you can’t end up in foreclosure.

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