The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. ...more

November 25, 2008

Gov. Charlie Crist said Monday that he likes the idea of a moratorium on home foreclosures in Florida. ...more

November 24, 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

Natalie Fuentes was about to lose her foreclosure battle when her lender said it would work out a loan modification so she could stay in her home of 13 years. ...more

November 18, 2008

Who owns your loan? Thousands of homeowners pay their mortgages every month to their original lender, and they have no idea that an investor actually owns their loan. When a loan is sold, the homeowner is not typically notified. ...more

November 18, 2008

Natalie Fuentes was about to lose her foreclosure battle when her lender said it would work out a loan modification so she could stay in her home of 13 years. ...more

November 17, 2008

First of all, although I voted Republican, I give my full support to President-elect Barack Obama. We will see. A man is judged by his deeds. It will help if we understand the problem. First of all there was 9-11, the three wars, tornadoes, earth quakes, floods and hurricanes (aid to tsunami victims, aid for malaria, AIDS and famine,) two years of Democrats saying how bad things are (how things are perceived becomes reality.) Add crooked Wall Street executives, crooked Congress involved in Fanny Mae-Freddie Mac (their directors also,) greedy people speculating on properties, filling the market with bad paper and you see it is no easy task. It will take the effort of all of us. Citizenship comes with certain responsibilities: you must vote, keep working in spite of all hurdles, and pay your share of taxes, no exceptions. We cannot get free stuff, it all comes at a cost. The more the government pays our way or does stuff for us, the more power it gives the government over us. Was your vote dependent on a tax break or cash stimulus? ...more

November 14, 2008

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

November 6, 2008

FEDERAL REGULATION McCAIN: Typically an opponent of government regulations, he has promised tougher ones for the financial industry in response to the current crisis. Though he has not been specific, McCain has said he would reduce the number of federal agencies overseeing banks, thrift institutions and markets to make accountability clearer while imposing tougher capital and disclosure requirements. ...more

November 2, 2008