• Report: Minorities hit by foreclosures. Subprime lenders that went out of business with the industry's collapse targeted minority neighborhoods, leaving them to struggle disproportionately with foreclosures and crumbling home values, according to a new report. These companies' high-risk loans made
  • Elevan límite de préstamos. El secretario del Departamento de Vivienda y Desarrollo Urbano (HUD), Alfonso Jackson, anunció ayer que el límite máximo de préstamos hipotecarios que pueden ser respaldados por la Oficina Federal de Vivienda (FHA)
  • En la mira la tasación de casas. Las firmas hipotecarias Fannie Mae y Freddie Mac, las mayores en Estados Unidos, se comprometieron ayer a cooperar con la procuraduría de Nueva York para hacer más claro y transparente el proceso de
  • Activists target big lender in foreclosure fight. CLEVELAND — Folks on Humphrey Hill Drive were still waking up on the icy Saturday morning the shark hunters came to town. They rounded the suburban traffic circle in a pair of rented school buses after
  • Número sin precedentes de casas vacías. Cuando Quinn Cuthbertson da una mirada a su vecindario de El Dorado Hills, California, ve filas de hogares vacíos y colinas yermas. La escuela y el centro comunitario prometidos no se han materializado. Cuthbertson
  • Inside the mind of a debtor nation. As the director of a financial ministry at my church, I get an up-close and personal look at the spending habits of a lot of people. And year after year, I am stunned by the
  • Simple ways to build up your savings. re you saving enough? There's about a 50% chance that the answer is no, according to a recent survey. This lack of savings has left a substantial number of Americans in economic peril, either because they've
  • Reverse mortgages requires sound advice. Foreclosures are up, and it looks like they won't be coming down anytime soon. Troubled homeowners have a few options to stave off foreclosure, and Congress is looking at creating others. But older homeowners, age 62
  • Second mortgage lenders create roadblock to refinancing. Everybody wants to help keep people in their houses and out of financial stress and foreclosure, right? That's what the Bush administration says, and that's what top executives of major banks, mortgage companies and Wall


  • Aid on home loans sought. Over the opposition of the nation's lenders, Senate Democrats are seeking a change in the bankruptcy law that they say could keep hundreds of thousands of hard-pressed borrowers in their homes. The proposal, part of
  • Housing prices fall, foreclosures rise 57%. Prices of existing single-family homes slumped 8.9% in the fourth quarter from a year earlier, the largest decline in the 20-year history of a national home price index released Tuesday. The Standard & Poor's/Case Shiller home
  • Wrong questions about the mortgage market. Daniel H. Mudd, chief executive of Fannie Mae, knows the feeling a physician gets when she attends a party and a guest wants a diagnosis for a rash or some other unexplained ailment. In Mudd's
  • New reasons to question mortgage costs. A seemingly arcane policy change by mortgage investor Freddie Mac sheds new light on issues of much broader concern for consumers: Do you really understand where the money flows -- all the nooks and crannies
  • Homeowners losing equity lines. In one brief phone call, Nancy Corazzi's lender yanked away what was left of the $95,000 home equity line of credit that she and her husband took out five months ago. The lender informed her that
  • Sears settles stove suit. Sears will install safety brackets on its stoves in millions of households or offer gift cards in settling an Illinois class-action lawsuit over the appliances' supposed propensity to topple. Under an agreement a judge signed
  • New mortgage plan to stem foreclosures. The Office of Thrift Supervision is preparing a plan to help mortgage borrowers who owe more than their homes are worth and to discourage them from abandoning those properties, agency officials said yesterday. Under the
  • Dudan de los estímulos fiscales del plan de Bush. Algunos gobernadores del Banco de Reserva Federal (Fed) expresaron sus dudas sobre la conveniencia de los estímulos fiscales impulsados por el gobierno del Presidente Bush y bajaron sus expectativas de crecimiento económico para
  • House hunters' bus tour of foreclosed properties. The foreclosure crisis has come to this in Massachusetts: guided bus tours of bank-owned properties for sale, led by real estate agents drumming up business in a slow market. In yesterday's downpour, a dozen bargain

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