On Wednesday, President Barack Obama went to Arizona and announced another huge spending package by our federal government. This one is to assist home mortgage defaults and it is to the tune of $75 billion. ...more

February 21, 2009

On Wednesday, President Barack Obama went to Arizona and announced another huge spending package by our federal government. This one is to assist home mortgage defaults and it is to the tune of $75 billion. ...more

February 20, 2009

Tampa has gotten the federal OK to spend $13.6 million to buy foreclosed and abandoned properties. ...more

January 21, 2009

Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out. ...more

October 25, 2008

PNC Financial Services Group said Friday that it is acquiring National City Corp. for $5.58 billion in one of the first concrete signs of how banks could use fresh investments from a government bailout program. ...more

October 25, 2008

City officials are focusing on West Tampa and Sulphur Springs as they work on a plan to combat the growing tide of abandoned homes stemming from the state's housing crisis. During the next year, Tampa is expected to receive $13.6 million in federal funding from the U.S. Department of Housing and Urban Development's new Neighborhood Stabilization Program, a $3.92 billion emergency response to escalating foreclosures nationwide. ...more

October 17, 2008

Construction of new homes and apartments fell to the lowest level in 17 years last month, showing the country is still gripped by a severe housing downturn that has triggered billions of dollars of losses and is reshaping the structure of U.S. finance. ...more

September 18, 2008

Shares of mortgage finance companies Fannie Mae and Freddie Mac continued their plunge Wednesday as investors became increasingly convinced that the stocks will drop to zero if the government bails out the troubled companies. ...more

August 21, 2008

Shares of National City Corp. plunged Monday amid broad fears about the health of the nation's regional banks, and the company was forced to issue a statement reassuring investors of its soundness. ...more

July 15, 2008

Bear Stearns shareholders have approved JPMorgan Chase's buyout, ending the saga of the 85-year-old pillar of Wall Street that crumbled under the weight of its own wagers on high-risk mortgages. ...more

May 30, 2008