Get professional help to buy a foreclosure

Julie and I did it. Denise Starcher and her husband also did it. Thousands of others are trying to do it and are encountering unexpected hurdles. "I happened to come across your article in that drawer and reread the part about this Special Limited ...

Strong end to October leaves markets hopeful though pressing economic ...

The chief worry that set off the market's year-old decline, the housing market, remains, Merk noted. "We haven't seen the bottom yet in the housing market and ultimately that's the problem and if the housing market continues to slide, banks will need ...

Challenging the Crowd in Whispers, Not Shouts

A search of the Federal Reserve Board’s working paper series reveals a few papers that touch on the ... panel advises the president of the New York bank, who, in turn, is vice chairman of the Federal Open Market Committee, which sets interest rates.

Ordinary Days Are a Thing of the Past on New York Stock Exchange

At least part of the explanation for the previous day's rally is investors' expectation that this afternoon the Federal Reserve will cut interest rates, continuing its battle to save the financial system. There's wide agreement that Fed Chairman Ben ...

New condos selling at a loss

The discounts are helping builder Orrin Thiessen clear a backlog of unsold condos, a task that must be completed before lenders will give him money to start the next phase of the Windsor Town Green project. Despite the worst housing slump in his 35 ...

Forming a Club to Share Financial Wisdom

Mortgage brokers deserve their fair share of blame for the foreclosures haunting the housing market right now. And plenty of banks allowed too many people to take on too much debt. Bayne Stanley for The New York Times Five women in Vancouver, British ...

JPMorgan to expand mortgage-modification program in bid to avoid ...

NEW YORK (AP) _ JPMorgan Chase & Co. said Friday it is expanding its program to modify mortgages in an effort to avoid foreclosures on up to $70 billion in loans. The enhanced program will include the opening of 24 regional counseling centers, the ...

6 states account for almost 60 percent of homeowners with mortgages ...

Here's a shocker: almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth. Here's another: If you add in the homeowners like them in California , Arizona, Florida , Georgia and Michigan , together they account ...

Mortgage Plan May Aid Many and Irk Others

As the Treasury Department prepares a $40 billion program to help delinquent homeowners avoid foreclosure, it confronts a difficult challenge: not making the plan too tempting to people like Todd Lawrence. An airline pilot who lives outside Norwich ...

Rescuing homeowners

M onths ago, when the subprime lending crisis first exploded, experts agreed that the key to avoiding lasting damage to the U.S. economy was to find ways to renegotiate millions of mortgage loans on owner-occupied homes headed for foreclosure. If ...

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