There's at least one mortgage company that still sees opportunity in the real estate market. ...more

November 6, 2008

A whopping 29 percent of Florida's homeowners owe more on their mortgages than their homes are worth. And 1.4 million others in the state may soon join them if property values keep falling, according to a report from First American CoreLogic, a Santa Ana, Calif.-based company that analyzes loan data for lenders. ...more

November 4, 2008

Credit card delinquencies and charge-offs rose in August as consumers struggled to pay off debt amid a slowing economy, according to Standard & Poor's. ...more

October 12, 2008

Relief is on the way for some financially strapped homeowners. Charlotte, N.C.-based Bank of America, which took control of Countrywide Financial Corp. early this year, said Monday it will modify bad mortgages with up to $8.4 billion in interest rate and principal reductions for 400,000 Countrywide customers. ...more

October 7, 2008

Please don't sell the future of the children of this country by handing a $700 billion blank check to the same people who caused our current problems. You will prolong problems that can work themselves out. ...more

October 6, 2008

Not even $700 billion will be enough to spare the United States from more economic anguish if the government's proposed banking bailout pans out like similar desperation moves during the past two decades. ...more

September 28, 2008

If your stock portfolio has been hit hard because you were too heavily invested in the financial sector, sob. ...more

September 28, 2008

The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken quickly and that this should consist of the government buying troubled mortgage securities from banks and other institutions. ...more

September 26, 2008

Will the U.S. financial system collapse today, or maybe over the next few days? I don't think so - but I'm nowhere near certain. You see, Lehman Brothers, a major investment bank, is going under. And nobody knows what will happen next. ...more

September 16, 2008

Freddie Mac on Wednesday posted a second-quarter loss that was more than three times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their exotic and risky mortgages. ...more

August 7, 2008