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America’s Housing Market: Where It All Began August 20, 2009, The Economist Signs of stabilisation should not obscure the big problems still ahead. He is hardly your typical distressed seller. Hugh Hefner recently sold his personal residence in...
After hitting a record-high of more than 342,000 in April, U.S. foreclosure activity backed down 6 percent in May, with 321,480 properties receiving a foreclosure filing during the month, according to the RealtyTrac U.S. Foreclosure Market Report released...
U.S. foreclosure activity hit another record-high level in April, thanks to a slight increase from the previous month, according to the U.S. Foreclosure Market Report . Foreclosure filings were reported on 342,038 properties during the month, up less...
Bankruptcy Law May Be Modified Chicago Tribune Congress is poised to give bankruptcy judges more power to modify primary home mortgages in an attempt to halt the foreclosure crisis, a move Democrats and housing advocates have been pushing for two years...
Lawyer Outwits Banks in Foreclosure Battle New York Post While the Obama administration battles to keep people from losing their homes, one Florida lawyer said she has a better answer to the toxic mortgage epidemic sweeping the country — fight back...
U.S. Home Prices Fall at Highest Annual Rate Last Quarter International herald Tribune A widely watched index showed Tuesday that U.S. home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December. The Standard &...
Don't Let Judges Tear Up Mortgage Contracts Wall Street Journal February 13, 2009 The nation faces a foreclosure crisis of historic proportions, and there is an understandable desire on the part of the federal government to "do something"...
Congress Strikes $789 Billion Stimulus Deal Wall Street Journal February 12, 2009 Congress and the White House reached accord on a $789.5 billion economic-recovery package that would shower hundreds of billions of dollars in tax relief on individuals...
After a somewhat unexpected spike in December, foreclosure activity dropped 10 percent in January -- although the January total of 274,399 was the fourth highest monthly total since January 2005 and still up 18 percent from January 2008, according to...
When Foreclosures Outnumber New Homes Boston Globe January 16, 2009 The number of people losing their homes to foreclosure across the country is now outstripping the number of new homes being built. More than 860,000 homes were foreclosed on last year...
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