Financial road trip:Money Bus stops in Manchester with free advice

Throughout the day, people stopped by with questions on current economic activity, whether to contribute to a Roth IRA instead of a 401(k), or if they should use a home equity loan to get through a recent job loss. Visitors to the Bus could pick up ...

Foreclosure crisis vexes government

WASHINGTON — Each day from July through September, more than 2,700 Americans lost their homes in foreclosure. That number, up from 1,200 a day a year ago, is a sign that the mortgage industry and government programs have done little to help ...

AP IMPACT: Another day - hardly ordinary - at NYSE

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 ...

Congresswoman pays past due home loans

LONG BEACH, CALIF. — A Democratic California congresswoman whose house temporarily went into foreclosure says she has paid up the delinquent home loans. "Everything is currently in order and has been resolved," Rep. Laura Richardson said. She said ...

Condo market feels pinch

The credit crisis is taking its toll on Houston’s high-rise luxury housing market. One project has been delayed for several months, another has been put on hold indefinitely and perhaps the flashiest of them all, Turnberry Tower, has been stopped ...

Here, banks, take this money whether you need it or not

On Wednesday, the Federal Reserve lowered interest rates to 1 percent, which is likely to squeeze bank profit margins at a time when banks have been trying to lure new deposits. Another risk: The Treasury seems to be making up the rules to the bailout ...

Sources: Government prepares home loan modification plan

WASHINGTON — The government is considering a plan that would help around 3 million homeowners avoid foreclosure, sources briefed on the matter said. A final deal had not been reached as of Wednesday afternoon and negotiations could still fall apart ...

Plan in works to help 3 million homeowners

WASHINGTON — The government is considering a plan that would help about 3 million homeowners avoid foreclosure, sources briefed on the matter said. A final deal had not been reached Wednesday and negotiations could still fall apart, but government ...

Low metro property values have broad impact

An investor who is focusing on intown neighborhoods, Richardson said he and various partners own about 40 homes, many in areas with high foreclosure rates. For example, tax assessors have valued at $167,500 a house he owns on Estes Drive in Sylvan ...

Home resales rise more than expected

Falling home prices make it harder to refinance mortgages, pushing up foreclosures in the third quarter to the highest since record-keeping began in 2005, according to Realtytrac.com. Resales account for about 90 percent of the market, while purchases ...

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