The government said Tuesday that it will deploy up to $800 billion to make it cheaper for Americans to get a home mortgage, take out a car loan or borrow money through a credit card, as the government's intervention in the financial system expands to directly address the impact of the credit crisis on consumers. ...more

November 26, 2008

Thousands of homeowners on the brink of foreclosure can rest easy that they won't be evicted until at least early January. The nation's two largest providers of mortgages said this week they'll be working with homeowners to find a way to keep them in their homes. ...more

November 22, 2008

Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. ...more

November 20, 2008

The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed. ...more

November 13, 2008

Can a restructured mortgage include an interest rate reduction? Yes - to lower monthly payments, a lender might decrease the mortgage interest rate either permanently or temporarily. ...more

November 12, 2008

Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes - making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages. ...more

November 11, 2008

There's at least one mortgage company that still sees opportunity in the real estate market. ...more

November 6, 2008

A whopping 29 percent of Florida's homeowners owe more on their mortgages than their homes are worth. And 1.4 million others in the state may soon join them if property values keep falling, according to a report from First American CoreLogic, a Santa Ana, Calif.-based company that analyzes loan data for lenders. ...more

November 4, 2008

Credit card delinquencies and charge-offs rose in August as consumers struggled to pay off debt amid a slowing economy, according to Standard & Poor's. ...more

October 12, 2008

Relief is on the way for some financially strapped homeowners. Charlotte, N.C.-based Bank of America, which took control of Countrywide Financial Corp. early this year, said Monday it will modify bad mortgages with up to $8.4 billion in interest rate and principal reductions for 400,000 Countrywide customers. ...more

October 7, 2008