WASHINGTON — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down hou...
Huffington Post | Nicholas Graham | Posted 11.15.2009 | Business
The New York Times's Gretchen Morgenson points out that lobbyists have won another victory that will lead to billions in taxpayer dollars being handed...
AP | ALAN ZIBEL | Posted 11.10.2009 | Business
WASHINGTON — The Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says, but most ...
Mainstreet | Brian O'Connell | Posted 10.16.2009 | Business
You wouldn't know it from the national media, but just because your home loan is underwater -- meaning you owe more than the house is worth -- that do...
The Huffington Post Investigative Fund | Jeff Horwitz and Dave Jamieson | Posted 11.04.2009 | Business
Before the housing boom got underway in the late 1990s, a California nonprofit group hatched an idea to help families who qualified for government-bac...
John O'Kane | Posted 11.12.2009 | Politics
Bailing out big banks has hardly contributed to a climate conducive to free markets and competition. On the contrary, it has allowed institutions already too big to fail to gobble up other banks.
washingtonpost.com | Zachary A. Goldfarb and Dina ElBoghdady | Posted 10.23.2009 | Business
In the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the...
CNBC | Posted 05.16.2009 | Business
There are no signs that the real economy is improving and banks are still not lending despite the huge amounts they received from the government, lege...
AP | ALAN ZIBEL | Posted 09.18.2008 | Business
In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of t...
AP | J.W. ELPHINSTONE | Posted 09.06.2008 | Business
NEW YORK — Freddie Mac on Wednesday posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge numbe...
AP | MARCY GORDON | Posted 03.28.2008 | Business
WASHINGTON — The government on Wednesday relaxed capital requirements at Fannie Mae and Freddie Mac as part of a plan to quickly inject an addit...
AP | MARCY GORDON | Posted 03.28.2008 | Business
WASHINGTON — Fannie Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage market even as worsening conditions in t...
AP | ALAN ZIBEL | Posted 11.19.2009 | Business