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Freddie Mac, the mortgage-finance company under government control, said defaults among its loans rose to a record 3.54 percent last month, while its portfolio of residential assets fell at an annualized rate of 21.6 percent.
Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don't feel guilty about it. Don't think you're doing something morally wrong. That's the incendiary core message of a new academic paper by...
Southern Californians facing the loss of their homes are finding refuge in rentals. At larger apartment complexes, monthly rents have declined an average of 4.9% in the last year. Joyce Ann Cato is out of work and about to lose her San Bernardino home to foreclosure.
McLEAN, Va. — Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.
The regional real estate market, which has not suffered as much as others following the burst of the national housing market bubble, seems to be stabilizing and could be poised for a rebound in the next few years, real estate professionals say.
State legislature bills fail to pass
WASHINGTON (AP) -- Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week. The Fed said Friday that commercial banks averaged $19.9 billion in daily borrowing over the week that ended Wednesday. That's up $139 million on average from the previous week.
Kathy Thompson plans to make a new start along with the new year. She accepted a buyout after 17 years in pharmaceutical sales and the 56-year-old Sellersburg, Ind., resident wants to get into marketing or communications. She's also considering starting a health care consulting business.
Ken Harney Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don't feel guilty about it. Don't think you're doing something morally wrong.
Only a tiny fraction of mortgages have been permanently reduced under a $75 billion program for troubled homeowners.
HP's profit surges even as revenue falls. Facebook, like Google, adopts a dual-class stock structure. Plus: Mortgage rates fall to record lows. Retailers hope Black Friday brings in holiday crowds.
Fannie Mae (By Atty, A/K/A) Federal National Mortgage Association, McCabe Weisberg and Conway PC (Atty), to David D. Martir and John Collazo, Lot 61, Phase 1, Whispering Woods, $205,000
$1,600,000 McDonough Gerard A By Atty, Mcdonough Nancy J to Ovcari Rudolf, Lot 23 Esplanade On The Bay, O.R. Book 02319 Page 6336, Nov. 20.
Underwater mortgages and heavy credit card debt continue to hobble the economic recovery.New data show U.S. consumers facing a debt double whammy as many owe more on their house than it is worth and their credit card debt is painfully high.Neither are promising signs as the critical holiday shopping season begins in earnest.In Memphis, 25.34 percent -- or 54,742 -- of all residential properties ...
As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers.
United Commercial Bank of San Francisco liked to boast that it was the first U.S. bank to buy a bank in China. Instead it will go down in history as the first U.S. depository institution to fail after its parent company took money from the Treasury's Troubled... San Francisco - China - United States - United Commercial Bank - Parent company
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