President Barack Obama will discuss the economy, lending to small businesses and financial regulation when he sits down at the White House with representatives of a dozen small and community banks. ...more

December 22, 2009

Only about 10,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, evidence of continuing challenges in the government's effort to stem the foreclosure crisis. ...more

December 10, 2009

As part of a broad effort to boost participation in its mortgage assistance program, the Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure. ...more

December 1, 2009

The Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure, as part of a broad effort to boost participation in its mortgage assistance program. ...more

November 30, 2009

Pasco homeowners in foreclosure could have more of a chance to keep their homes if a court system emphasis on mediation succeeds. ...more

November 28, 2009

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says. ...more

November 10, 2009

Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate increases, the Federal Reserve said on Monday. ...more

November 10, 2009

Productivity rises as jobless claims fall Productivity rose at an annual rate of 9.5 percent in the July-September quarter, the Labor Department said Thursday. That was much better than the 6.4 percent gain economists had expected. Unit labor costs fell at a 5.2 percent rate. ...more

November 6, 2009

Many of the same sleazy operators who helped fuel the real estate bubble through dubious subprime lending practices are now taking advantage of homeowners through "foreclosure-rescue" scams. ...more

October 10, 2009

A broker for a Tampa mortgage company has agreed to plead guilty to federal conspiracy to commit mail and wire fraud for falsifying information on mortgage applications. Gilberto Jesus Lima, a licensed mortgage broker, worked for Mortgage Corporation of America when he was supposed to pair qualified borrowers with lenders, according to his plea agreement. For his work, he received a commission of 70 percent of fees, while his employer received 30 percent. ...more

August 12, 2009