Property News

Subprime loans were one of the main causes of the financial crisis. But lending to high-risk borrowers are making a comeback, Financial Times reports.

The properties affected by flooding reflect market value, not damage estimates.

A new Texas law will protect abusive insurers, said a former top insurance official.

Veteran underwriter of subprime mortgages, Dan Perl is leading a small band of lenders making subprime loans once more, the Financial Times writes.

There is no way to keep a home dry in five feet of rain, but there are steps homeowners can take to protect their homes from strong rain.

Pending home sales fell 0.8 percent compared to June, according to the National Association of Realtors.

Home sales continued their downward slide in July, with buyers signing fewer contracts to buy existing homes.

Loretta Worters, Insurance Information Institute, talks about the economic impact of Hurricane Harvey on homeowners, and the importance of having flood insurance no matter where people live.

CNBC's Morgan Brennan takes a look at preliminary data on flood damage and the economic impact of Hurricane Harvey.