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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
Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday that it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008. ...more
October 24, 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
U.S. mortgage applications rose 5.5 percent last week, reflecting gains in both purchases and refinancing. ...more
September 13, 2007
Homeowners struggling to deal with sharp increases in their adjustable mortgage payments got hit with a record number of foreclosure notices in the spring as the crisis in subprime lending intensified. ...more
September 7, 2007
Wall Street shook off early uncertainty to close moderately higher Thursday as a series of mixed economic reports managed to make investors more optimistic about the chances for an interest rate cut. ...more
September 7, 2007
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