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Foreclosures Seen Still Hitting Prices February 16, 2010, Wall Street Journal More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. over the next several years, two new studies project. The studies — by John...
Case-Shiller Fails to Tame the Bears October 27, 2009, Wall Street Journal In the U.S. housing market, every silver cloud still has a black lining. The S&P/Case-Shiller home price indexes that came out Tuesday showed that the rate of decline continues...
Foreclosures Rise 5 Percent from Summer to Fall October 15, 2009, The Associated Press The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed...
MBA: Foreclosures, Unemployment to Peak Next Year October 13, 2009, Associated Press Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. economy grapple with the aftermath of the recession...
Senate Democrats Offer Measure Limiting Foreclosures September 30, 2009, Bloomberg Senate Democrats introduced legislation that would expand federal loan-modification programs to more borrowers and place new restrictions on U.S. lenders before they can...
Those Who Lose Homes May Face State Tax Hit August 25, 2009, San Francisco Chronicle Californians who lose their homes in a foreclosure, short-sale or deed in lieu of foreclosure this year could be hit with a state income tax on canceled or forgiven debt...
California Foreclosure Moratorium KCBS Starting today, banks in California cannot foreclose a mortgage without either renegotiating the loan or giving the homeowner three months notice. There have been more than 365,000 foreclosures in California since...
SEC Expected to Approve Civil Charges Against Mozilo Wall Street Journal The Securities and Exchange Commission is expected to approve civil fraud charges against former Countrywide Financial Corp. executives as soon as today, including founder and former...
Foreclosures Drive April House Sales Los Angeles Daily News Foreclosures accounted for more than half of the homes sold in Southern California last month, spurring the market but pushing down the median price to $247,000, the lowest in more than seven...
New-Home Sales, Prices Decline Wall Street Journal New-home sales fell in March but only mildly after a surge the month before, while the median price kept sliding, a sign the housing crisis hasn't ended. Sales of single-family homes decreased by...
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