The first snowy day in West Michigan means several things, including the home buying season is coming to a close.
Last month the Grand Rapids Association of Realtors released its latest numbers.
They reflect that banks are taking the worst hit.
The association is reporting 63% of all homes on the market are either short-sale, or in foreclosure.
The [...]
There is bipartisan agreement today that stemming home foreclosures and restructuring troubled mortgages would slow the downward spiral harming financial institutions and the real American economy. The federal government possesses a range of tools to take action, but what’s missing is a way to persuade the mortgage servicers who control most of these loans on [...]
One in every 400 homes in Colorado is in foreclosure according to Team Cox Realtors.
It’s an issue every voter is looking into to see which presidential candidate is best for them.
A group of Republican Presidential Candidate John McCain supporters met in Colorado Springs on Sunday to discuss how McCain’s plan will help keep Americans in [...]
Here is the prepared statement of U.S. Treasury Secretary Henry Paulson on Wednesday, as released by the Treasury.
Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury, the Federal Reserve and the FDIC with important new authorities to complement existing ones. We [...]
Home foreclosures in Stamford Connecticut remained low compared withother cities hit by the subprime mortgage crisis, but they more than doubled over the past year, according to the mayor’s office.
Foreclosures increased in each of the past four quarters, rising from 15 in the final quarter of last year to 39 in the third quarter this [...]
More than 120,000 struggling California homeowners could see their monthly mortgage payments lowered after Bank of America Corp. agreed to provide $3.5 billion in loan and foreclosure relief to settle lawsuits it inherited with its takeover of Countrywide Financial Corp.
The pact stems from cases filed earlier this year by California and other states, alleging Countrywide, [...]
Americans are struggling to cope with the fastest rise in the cost of living for 17 years as one in every 464 US households face the real risk of losing their homes, two sets of data showed today.
Official inflation statistics published by Washington’s Labour Department showed that consumer prices rose by 0.8 per cent in [...]
Boston’s innovative effort to combat housing foreclosure’s effects on neighborhoods reached a milestone yesterday when the city selected a Roxbury developer to renovate four dilapidated homes on Hendry Street in Dorchester.
The Boston Redevelopment Authority selected Bilt-Rite Construction Inc. to purchase, fix up, and sell the city-controlled triple-deckers on the street, the epicenter of the city’s [...]
Washington will give funds to states and cities to rehab houses. Proponents say it will help stabilize neighborhoods, but others say it’s too little to do much good.
NEW YORK - City officials and community activists can’t wait to get their hands on nearly $4 billion the federal government is about to inject into blighted neighborhoods [...]