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WASHINGTON POST REALTY NEWS



Federal Housing Administration leader David Stevens will leave post
David H. Stevens plans to leave his post as head of the Federal Housing Administration by the end of April after guiding the agency through its toughest financial challenges in one of the housing market's darkest periods.



Borrower has second thoughts about that second chance
Q. I was going into foreclosure, but the bank gave me a loan modification. I agreed to the modification at the beginning, but now I see it was a mistake and think foreclosure would be better. What do I have to do - just stop paying?



Take precautions before signing a remodeling contract
When planning major home renovation, there are many steps you have to take to find the right professionals, including the contractor and perhaps an architect. It's equally important to take steps to protect your legal interests - and to do so early in the process.



Six steps to upgrading a kitchen without boosting the cost
Q. I'd love to move to a new home, but the economy is preventing that. So I've decided to do some kitchen remodeling, as it seems to be the center of activity of our current home. Based on the bids I'm getting, remodeling costs seem high. What can be done to keep the total cost as low as possible...



Many still owe taxes on forgiven home-equity debt
With hundreds of thousands of homeowners having negotiated loan modifications or short sales or been foreclosed upon during the past year, the Internal Revenue Service has issued fresh guidance on how to handle canceled mortgage debt in the coming tax season.



Behind the foreclosure crisis, big banks' reign of error
The problem in the nation's housing market now isn't subprime lending. It's subpar lenders.



Mortgage applications rise as loan costs hold steady
Mortgage interest rates were little changed from last week, keeping borrowing costs steady as demand for home loans increases.






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