Msnbc.com is a leader in breaking news and original journalism.
Builders of N.Y. mosque face financial hurdles
The developers planning to build a $100 million Islamic center near the World Trade Center site are nearly a quarter-million dollars behind on real estate taxes and late fees.
Pending home sales rise 5.2% in July
The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.
A broad swath of homeowners — those not headed for the worst-case scenario of foreclosure — are nonetheless grappling with the impact of lost home equity.
Banks to allow local groups to buy foreclosures
Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
Mortgage applications rise 2.7% on low rates
Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.