Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the economy. ...more

June 6, 2008

Sales of existing homes fell in 45 states during the October-December quarter, with metropolitan areas showing growing weakness, a real estate trade group said Thursday. ...more

February 15, 2008

When asked recently whether he saw any opportunities to make yet another deal to expand his financial services empire, Bank of America Corp.'s Ken Lewis casually answered, "Nothing that comes to mind." ...more

December 28, 2007

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

Wall Street rebounded Tuesday after Abu Dhabi Investment Authority said it will invest $7.5 billion in Citigroup, a vote of confidence for the bank that has suffered severe losses amid the ongoing crisis in the mortgage market. ...more

November 28, 2007

Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. ...more

November 20, 2007

Billions of dollars in mortgage losses reported during the third quarter could be a prelude to bigger losses in the fourth quarter, as two more financial institutions warned of substantial write-downs Wednesday. ...more

November 15, 2007

The malaise in the mortgage market is starting to spread to credit-card and auto loans in what one analyst has dubbed consumer credit "contagion." It's an ominous warning signal for the economy. ...more

November 7, 2007

Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year. ...more

October 27, 2007

Consumer prices posted a rare decline in August while the battered housing industry saw construction fall to the slowest pace in 12 years. ...more

September 20, 2007