The Bush administration has abandoned its doctrinaire insistence on market-led solutions to the unfolding mortgage crisis, and President George W. Bush has expressed support for recent Federal Reserve measures to stabilize capital markets.
Yet the administration's ...
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foreclosure, homeowners March 19th, 2008
OTTAWA - With the subprime contagion spreading around the world, Canadians who hoped their homes would be immune from the carnage are wrong.
The disease is here and coming soon to your neighbourhood, says financial author ...
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Non-prime home lenders hit by trouble securing financing; new opportunities for big banks
The effects of the U.S. subprime crisis are showing up on the fringe of the Canadian mortgage business, even though mainstream lending and ...
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Rising foreclosures and big losses at Fannie Mae and Freddie Mac are making it harder for people with good credit backgrounds to get a traditional mortgage.
NEW YORK (CNNMoney.com) -- The credit crunch has finally hit ...
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March 13 (Bloomberg) -- U.S. home foreclosure filings jumped 60 percent and bank seizures more than doubled in February as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid ...
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Florida metro area claims #1, but valley counties rank 2-3-4
The good news: The Northern San Joaquin Valley no longer is the foreclosure capital of the world.
The bad news: Foreclosure proceedings were started on more than ...
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NEW YORK - US home foreclosure filings jumped 60 percent and bank seizures more than doubled in February as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid falling ...
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There have been stories across the country of people walking away from homes they can no longer afford. Here's what's happening locally.
In Bakersfield also, there are tales of the unrepentant homeowner who breezily strolls away ...
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The delinquency rate for U.S. mortgage loans on one-to-four unit residential properties hit its highest level in 23 years last year, according to the latest MBA National Delinquency Survey.
The MBA report says, in the ...
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