_Economy and Finance

CNNMoney Low-ball appraisal: Mortgage denied By Les Christie @CNNMoney March 30, 2012: 5:28 AM ET NEW YORK (CNNMoney) -- You find the home of your dreams. You're pre-approved for a mortgage. You've scheduled the closing. Then ... the appraisal comes in too low and the deal blows up.

http://money.cnn.com/2011/12/28/real_estate/foreclosure/index.htm?iid=Lead Foreclosure free ride: 3 years, no payments By Les Christie @CNNMoney December 28, 2011: 10:04 AM ET NEW YORK (CNNMoney) -- Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight.

http://money.cnn.com/2011/12/27/real_estate/home_prices/index.htm?iid=HP_River Home prices down for 6th straight month By Les Christie @CNNMoney December 27, 2011: 11:42 AM ET NEW YORK (CNNMoney) -- Home prices fell for the sixth straight month in October, down 1.2% compared with September and 3.4% a year ago, according to the latest S&P/Case-Shiller 20-city index.

Foreclosure sales still pummeling home prices By Les Christie @CNNMoney December 21, 2011: 10:15 AM ET NEW YORK (CNNMoney) -- Nearly five years into the crisis, foreclosures are still weighing heavily on home prices.

Home prices heading for triple-dip By Les Christie October 31, 2011: 5:37 AM ET NEW YORK (CNNMoney) -- The besieged housing market has even further to fall before home prices really hit rock bottom.

Number of troubled mortgages on rise again By Les Christie August 22, 2011: 11:39 AM ET NEW YORK (CNNMoney) -- In another hit to the beleaguered housing market, a report out Monday found that the number of delinquent mortgage borrowers -- those who have missed at least one payment -- rose during the second quarter.

Mortgages rates keep falling: 30-year nears record low By Les Christie August 11, 2011: 3:17 PM ET NEW YORK (CNNMoney) -- Just when it seemed mortgage rates weren't going to get any lower, they started testing new lows.

Foreclosures fall for 10th straight month By Les Christie August 11, 2011: 5:27 AM ET NEW YORK (CNNMoney) -- Foreclosure filings dropped once again in July, hitting their lowest level since November 2007, as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes.

Housing recovery slips out of sight By Les Christie August 9, 2011: 1:58 PM ET NEW YORK (CNNMoney) -- Any glimmer of hope that the housing market will stage a recovery in the upcoming months has vanished, thanks to the recent spate of bad economic news that has been making headlines over the past several weeks.