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A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy. ...more
December 6, 2008
The developer of The Towers of Channelside, a pair of 29-story luxury condominiums that help define downtown's skyline, has accomplished a rare feat for a condo builder in this economy. ...more
October 2, 2008
As Congress hashes out the details of the mortgage bailout plan, another wave of problem loans will soon come crashing down, especially in Florida. ...more
September 24, 2008
As Congress hashes out the details of the mortgage bailout plan, another wave of problem loans will soon come crashing down, especially in Florida. Nearly $100 billion worth of loans are deemed at risk for foreclosure over the next two years nationwide as borrowers with adjustable rate loans, called option-ARMs, see rates adjust, some ahead of schedule, according to a report released this month by Fitch Ratings. ...more
September 23, 2008
With a foreclosure rescue bill facing an uncertain fate in Congress, federal regulators are putting the final touches on new rules designed to curb irresponsible mortgage lending and help some struggling homeowners refinance into more affordable loans. ...more
July 9, 2008
Bottoms up! It's time to swallow a heavy dose of risk realism when considering the U.S. home market. ...more
May 6, 2008
Treasury Secretary Henry Paulson said Tuesday the Bush administration is exploring what would be a significant expansion of the program to help at-risk mortgage holders. ...more
January 9, 2008
Florida and California helped drive the national foreclosure rate to an all-time high in the third quarter, fresh evidence of the problems afflicting distressed homeowners amid the housing meltdown. ...more
December 7, 2007
Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. ...more
September 28, 2007
Treasury Secretary Henry Paulson said Wednesday that the turbulence in financial markets will take some time to be resolved, especially in the area of subprime mortgages. ...more
September 13, 2007
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