Nothing is more frustrating for financially-strapped homeowners than calling their lenders and not getting through to the right person. ...more

March 27, 2009

Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities. ...more

March 26, 2009

New glimmers of hope emerged in economic figures released Wednesday: •The Commerce Department said orders for durable goods, manufactured products expected to last at least three years, increased 3.4 percent in February, much better than the 2 percent economists had expected. It was the strongest one-month gain in 14 months. ...more

March 26, 2009

A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and that's not the worst of it, new data Thursday showed. ...more

March 5, 2009

Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms. ...more

January 25, 2009

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

Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey. ...more

December 4, 2008

Homeowners rushed to take advantage of last week's drop in interest rates following the government's takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets. ...more

September 18, 2008

The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more

September 7, 2008

You know this country is in the midst of a housing crisis. It's been the headliner on the six o'clock news and the front-page story in all the papers, for months. ...more

September 7, 2008