Florida's attorney general is investigating Countrywide Financial Corp., a beleaguered California-based mortgage lender, for possible unfair and deceptive business practices related to its home loans. ...more

February 1, 2008

The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers. ...more

January 30, 2008

In a career defined by blockbuster deals, Bank of America chief executive Ken Lewis has taken his biggest gamble yet with an attempt to rescue the country's biggest mortgage lender, Countrywide Financial. ...more

January 12, 2008

The Senate moved Friday against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans. ...more

December 15, 2007

Toll Bros. Inc., the nation's largest builder of luxury homes, reported its first quarterly loss in 21 years Thursday as the housing downturn that the company called the worst in four decades deepened. ...more

December 7, 2007

Construction of single-family homes in October skidded to the lowest level in 16 years although the slide was cushioned somewhat by a rebound in apartment building. ...more

November 21, 2007

With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans. ...more

November 16, 2007

loans extended to those with no credit or bad credit - many are calling for the government to do something to stop the suffering. At the same time, many recognize that a bailout of struggling homeowners would be wrong. Thus, we see a growing list of proposed solutions that purport to save the day without a bailout: "borrower assistance" programs to refinance defaulting mortgages, crackdowns on "predatory lending" practices, or laws restricting mortgages the government deems too risky. ...more

November 12, 2007

More banks have tightened lending standards on home mortgages, the Federal Reserve said Monday in the latest sign of fallout from a spreading credit crisis. ...more

November 6, 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