Mortagage Industry

Mortgage Crisis: 12% Are Late, Foreclosed

AP | J.W. ELPHINSTONE | Posted 05.25.2011

NEW YORK — The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as...

Citi Job Cuts Expected After Huge Losses Posted

AP | Posted 05.25.2011

Citigroup Inc. is expected to announce thousands of job cuts after posting dismal results for the fourth quarter, when the bank's mortgage-riddled por...