Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.
Accusations that major mortgage lenders including Bank of America Corp. (BAC), used fla…
With mortgage refinancing applications up and house prices on the rise recently, you may think the worst is behind us. But nothing could be further from the truth.
Continue reading Gary Shilling: Don’t Expect a…
Foreclosures eased slightly in October, falling 4% from the previous month. According to foreclosure tracking firm RealtyTrac, the decrease most likely stemmed from the “robo-signing” controversy which halted foreclosures acros…
Depositions by three employees of Nationwide Title Clearing describe a factory-like process that’s awful to look at. But Nationwide defends the system as being benign as sausage-making — and that it’s standard industry practic…
The world economy is poised for more of the same in 2011: booming growth in China, India and Brazil, and a sluggish crawl in much of the rest of the developed world. Here are the five most important factors driving sluggish eco…