According to Case-Shiller data, home prices in the U.S. fell from July to August as the impact of the federal home buyer tax credit program waned. Prices rose on a year-over-year basis, but less than previously expected.
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The rescue of mortgage giants Fannie Mae and Freddie Mac could cost as much as $363 billion over the next three years — more than double the amount spent so far — the Federal Housing Finance Agency announced Thursday.
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An Obama Administration housing official said mortgage lenders such as Bank of America Corp. and JPMorgan Chase & Co. could legally resume foreclosures on homes, while a New York judge is forcing lawyers handling foreclosures t…
The Fed’s latest Beige Book report confirms what earlier economic data has indicated. Eight of the 12 regional Fed banks, including San Francisco and Chicago, reported some form of growth in the September/October period. But no…
Attorneys will have to certify under penalty of perjury that they have personally reviewed all the key documents and that they have spoken directly with their clients, the foreclosing financial institutions. That will disrupt t…