The Obama administration's flagship effort to help people in danger of losing their homes is falling flat.
Homebuyers rushed to take advantage of government incentives and low
mortgage rates in April, giving the...
Some homeowners who sign up for the government's mortgage assistance program are getting a nasty surprise: Lower credit scores.
Goodnight, John-Boy: Driven partly by job losses, more
multigenerational families are choosing to live together as "boomerang
kids" flock home and people help care for grandchildren or aging
It's been 16 months since Eugene and Patricia Harrison last paid the
mortgage on their Perris, Calif., home. Eleven months since the notice
got slapped on their front door, warning that it would be sold at
President Barack Obama on Tuesday unveiled details of a proposal that
would give rebates at the cash register to people who want to make
their homes more energy-efficient.
Reeling from the recession's one-two-three-punch of job woes,
climbing mortgage payments and evaporating equity, desperate homeowners
are dipping into a nearby income stream to avoid foreclosure.
Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.