Former mortgage broker Scott McCuskey gutted his $1.2 million home before it went up for sheriff's sale in 2006, and now he's going to jail for it. MORE...
Rep. Laura Richardson, whose Sacramento home was recently sold into foreclosure, has two other homes in Southern California that have fallen into default six times, according to a published report. MORE...
The chairman of beleaguered Countrywide Financial Corp. raised eyebrows and tempers with his snippy reply to an e-mail plea from a man who said he was in danger of losing his home. MORE...
U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday. MORE...
U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday. MORE...
Foreclosures are devastating communities across the United States, and the impact may only worsen as more subprime adjustable mortgages reset during the next few months. MORE...
The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn't unload at auctions... MORE...
Prodded in part by some of the nation’s biggest banks, the Bush administration and Congress are considering costly new proposals for the government to rescue hundreds of thousands of homeowners whose mortgages are higher than the value of their houses. MORE...
The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. MORE...
As skyrocketing food and gasoline prices strain budgets, utilities are disconnecting many more customers who fall behind on their bills, and even moderate-income households are getting zapped. MORE...
Well-respected forecasters and analysts may disagree, and even if a housing market forecast proves true nationally, your local market may behave in a wildly different way. MORE...
Judith Tremblay, a customer of Citzens Bank for 12 years, was mistakenly charged around $2500 in bank fees. The bank refuses to look into their mistake without charging $35 per hour. MORE...
Wall Street and Washington wrestled Friday with how to shore up mortgage giants Fannie Mae and Freddie Mac , two troubled pillars of the economy whose failure would deal a devastating blow to the already crippled housing market. MORE...
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. MORE...
A mortgage rescue to help hundreds of thousands of struggling homeowners avoid foreclosure and get more affordable, safer loans passed the Senate overwhelmingly Friday, but it faces a bumpy road amid continuing turmoil in the housing market. MORE...