After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says. ...more

November 10, 2009

Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate increases, the Federal Reserve said on Monday. ...more

November 10, 2009

Productivity rises as jobless claims fall Productivity rose at an annual rate of 9.5 percent in the July-September quarter, the Labor Department said Thursday. That was much better than the 6.4 percent gain economists had expected. Unit labor costs fell at a 5.2 percent rate. ...more

November 6, 2009

Many of the same sleazy operators who helped fuel the real estate bubble through dubious subprime lending practices are now taking advantage of homeowners through "foreclosure-rescue" scams. ...more

October 10, 2009

A broker for a Tampa mortgage company has agreed to plead guilty to federal conspiracy to commit mail and wire fraud for falsifying information on mortgage applications. Gilberto Jesus Lima, a licensed mortgage broker, worked for Mortgage Corporation of America when he was supposed to pair qualified borrowers with lenders, according to his plea agreement. For his work, he received a commission of 70 percent of fees, while his employer received 30 percent. ...more

August 12, 2009

The city has a 99.7 percent chance of seeing lower home prices through 2010 as more people lose jobs and decide not to buy homes, according to a report released Wednesday by Walnut Creek, Calif.-based PMI Mortgage Insurance Co. ...more

April 2, 2009

Tampa has a 99.7 percent chance of seeing lower home prices through 2010 as more people lose jobs and decide not to buy homes, according to a report released today by Walnut Creek, California-based PMI Mortgage Insurance Co. ...more

April 1, 2009

After two years at the top of the heap, Florida no longer holds the distinction as the nation's top fraud spot. Rhode Island made its first appearance to lead the list, which covers 2008. ...more

March 17, 2009

Will You Call Bank To Lower House Payments? The Obama administration kicked off a new program Wednesday that's designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments. ...more

March 9, 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