
Home lenders face some tough staffing choices, with business expected to drop 40% to 60% next year. Optimistic companies will consider holding on to employees in the hope that a pickup in home-purchase loans will offset a probable decline in refinancings...

People who go through the foreclosure process are often caught in a financial worst-case scenario that can last for years after they lose their property. For full article, click here Share this post with the world:

For Keith Browning, opening the mail these last few months has been an exercise in patience. “I figured it may happen to us even though we’ve made payments on time, been good customers for years with these companies, but I was a little frustrated and a little bit angry,” says Keith. For ...

On television it’s hard to miss the wildly popular band of slackers singing ruefully from a shabby apartment or while waiting tables in pirate regalia. The ruined credit that led to their financial misfortune might have been sparkling if only they’d tracked their status on freecreditreport.com. Fo...

The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer tax credit. For full article, click here Share this post with the world:

A rush of property buyers is pushing up real estate transactions as they try to beat the government’s deadline at the end of November for the $8,000 tax credit for first time buyers. For full article, click here Share this post with the world:

Congress is working on a new and even more generous set of perks for house buyers. A tentative deal in the U.S. Senate would extend the closing deadline for an $8,000 subsidy for first-time buyers to July 1 from Nov. 30. For full article, click here Share this post with the world:

Bear Stearns Cos. hedge fund manager Ralph Cioffi didn’t reveal at a meeting with former Bear Stearns broker Shelley Bergman that an investor was pulling out of a fund, the broker’s former sales assistant said. For full article, click here Share this post with the world:

Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes. For full article, click here Share this post with the world:

Like many people doing or considering a mortgage modification, David L. of Oakland wonders how it will affect his credit score. Unlike most people in this situation, David has never missed credit payments and has a very high FICO score of 810...

When MC lost his second job he had trouble affording his $3,000 mortgage payment. He called his mortgage holder, Flag Star Bank, asking for a break, but the bank told him there was nothing it could do for him unless he skipped payments and submitted a loan modification package...

Apparently Bank of America Corp.’s (NYSE:BAC) search for a new CEO is at a standstill, according to a Wall Street Journal report. The board was hoping to pick a successor for Ken Lewis by Wednesday, but the committee choosing the new CEO needs more time. ...

A Mount Laurel, N.J., man admitted in federal district court yesterday to fraud and tax-evasion charges. For full article, click here Share this post with the world:

The federal program to help homeowners modify their mortgages and avert foreclosure is undergoing further changes to make it more user-friendly and address frustrations over the performance of mortgage companies...








