An estimated 10,000 people were in line Friday morning when the Cal Expo Pavilion's doors opened on a five-day event aimed at helping distressed homeo...
The great American Dream of owning a home has never looked so impossible to achieve: roughly 1.65 million homes are in the foreclosure pipeline, housi...
The fact that an agreement was found is a tribute to the capability of Europeans to compromise. But their agreement compromises the status of the Euro as a reserve currency.
The major business press underplays news from the FDIC that its troubled-banks list soared to more than 550 in the third quarter. The FDIC now conside...
WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...
So far, more than 650,000 borrowers have been enrolled into the initial, or "trial," phase of the program and have seen their payments lowered by an a...
Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packa...
WASHINGTON -- The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of ...
The Obama Administration should charter 100 new special "Business Banking Charters," to aggressively participate in lending to small- to mid-sized companies.
WASHINGTON (AP/HuffPost)-- The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage...
Although small business, economic stimulus lending is being widely criticized, $5,000 to $25,000 is available to you if you have a reasonable credit score and meet basic underwriting criteria.
Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...
The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...
Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center...
SBA expects 60 percent of its ARC loans to go into default even though principal payments are not due for 12 months. So save this column to help you remember why you should be outraged.
The US financial system sold the world's investors mortgage securities that were founded on faulty assumptions that a) U.S. homeowners will never default, and b) that U.S. housing prices always go up.
Starbucks will survive of course and probably prosper after closing 600 locations, but its reputation as a primo-tenant and a trend-setting real estate visionary has been tarnished.
The Fed's cut is good news for borrowers but bad for savers.
Lenders cut the prime rate, the benchmark for many home-equity loans. Credit card rates ...