What the Mortgage Mess Settlement Proposal Really Means

The mortgage mess settlement proposal is a repudiation of the servicing industries’ standard business practices. The agreement also reads as an indictment — not just of the servicing industry, but also of law enforcement, regu…

The Housing Mess Hits One New York Town Hard

In some parts of the U.S., the real estate market remains deep in recession. But even with housing prices sitting at multi-year lows, millions of houses remain empty, unable to attract buyers haunted by unemployment and a weak …

Massive Fireball Destroys 53 Homes in San Bruno, Calif.

An explosion and fireball rocked San Bruno, Calif., destroying 53 homes and killing at least one person. The explosion apparently came from a high-pressure gas line.

Fire shot hundreds of feet into the air at 6.15 pm local time Thursday, KTVU reporte…