Real Estate News

Fannie 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.

Russian oil magnate Roman Abramovich has bought a Colorado ranch for $36.3 million … Baseball great Henry "Hank" Aaron has listed his West Palm Beach, Fla., home that borders a golf course for $900,000 … plus more. Photos

June Fletcher explains how to find real-estate agents who focus on foreign buyers – critical now as these home hunters see U.S. properties as bargains.

A 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.

The House passed a package of measures aimed at tackling the housing crisis, but bickering signaled turbulence ahead for the legislation.

A major provision of the housing-market legislation passed by the House Thursday might not help as many borrowers as some expect, trade groups that represent mortgage companies say.

Developers 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.

Wachovia and Washington Mutual are using housing-market data that might be less-negative than those used by other lenders.

The supply of homes available for sale in major metropolitan areas edged higher in April, new data show.

The latest flash point in the debate over the nation's bursting housing bubble is this: Since so many American houses are worth less than their mortgages, should the government do more to get lenders to settle for less than the full debt, even if it may cost taxpayers some money?

A Bush economic adviser said differences between Democrats in Congress and the White House on a housing bill aren't "insurmountable."

New York Attorney General Cuomo may face legal challenges to his effort to overhaul the way homes are appraised across the U.S.

A bankruptcy judge has rejected Countrywide's proposal to settle accusations that it fabricated evidence used in a bid to foreclose on a home.

Ian 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.

Developers 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.

Wachovia's Robert Verrone, known for his deal making, is expected to leave. The bank's first-quarter loss will widen due to new write-downs.