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New Home Sales Tanked 32.7% in May June 23, 2010, CNNMoney.com New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit. This snapped a two-month streak of gains. New home sales declined 32...
Lawmakers Battle Over Foreclosure Remedies June 20, 2010, Press Enterprise The number of mortgage defaults and home foreclosures is falling in the Inland area and around the state, but the tug of war between the lending industry and people pushing for...
U.S. Foreclosure Filings Rise 16% as Bank Seizures Set Record April 15, 2010, Business Week Foreclosure filings in the U.S. rose 16 percent in the first quarter from a year earlier and bank seizures hit a record as lenders stepped up action against delinquent...
Housing Starts in U.S. Climb 8.9% to 574,000 Pace December 16, 2009, Bloomberg Builders in November broke ground on more U.S. homes, a sign the recovery in homebuilding may carry through into 2010. Housing starts rose 8.9 percent to an annual rate of...
Demand for U.S. Foreclosure Properties Slips: Survey December 15, 2009, Reuters U.S. home buyers are less willing to buy foreclosed properties than six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded...
U.S., Lenders Seek Ways to Head Off New Mortgage-Default Wave October 7, 2009, Wall Street Journal Lenders and government officials are searching for ways to head off a wave of defaults on pay-option adjustable-rate mortgages, which are threatening to...
A Look Ahead To the Great Resetting October 3, 2009, Washington Post Millions of adjustable-rate mortgages are going to reset in the coming years, possibly to higher interest rates, creating the prospect of a new round of foreclosures. About 10 percent...
Mortgage Delinquency Rate Hits All Time High in 2Q Associated Press The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning...
Few Qualified Delinquent Borrowers Getting Federal Help Washington Post Less than 10 percent of delinquent borrowers eligible for the Obama administration's $75 billion foreclosure prevention program have received help so far, according to Treasury...
Government Must Find a Way to Save Homes Miami Herald (Editorial) The Great Recession, as the economic crisis has been dubbed, started with a housing bust. Today, the housing failure is still driving the economy down, with the unstoppable foreclosure...
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