U.S. home builders continue to be pessimistic about the housing market, as November's reading of an index that tracks their sentiment remained stuck at a record low. ...more

November 20, 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

Hey, don't let off the rating companies so easily. Imagine, that's what I heard after writing a headline that said: "Let's All Blame The Rating Companies For Every Thing." ...more

November 3, 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

Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent. ...more

October 23, 2007

Foreclosure filings across the United States nearly doubled last month compared with September 2006, as financially strapped homeowners behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate information company said Thursday. ...more

October 12, 2007

Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. ...more

September 28, 2007

Florida's foreclosure activity jumped 77 percent in August, compared with July, boosting its foreclosure rate to the third highest among all states. It was even worse in Tampa Bay, where foreclosure filings more than doubled. Both are further signs that homeowners are having trouble paying their mortgages and selling their homes amid a national housing slump. ...more

September 19, 2007