Tags » Mortgage Crisis

Home Foreclosures Fall to Lowest Level in 8 Years

WASHINGTON — Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop through the first half of next year, an industry group said Thursday. 275 more words

Real Estate

This is one of the reasons I didn't vote for Obama

There were a couple big ones, racism wasn’t among them.

The reason I didn’t vote for him in the primary in NJ on SuperTuesday in 2008 was because I didn’t think he was ready to be president and wasn’t familiar enough with the mechanisms of government to be effective.   455 more words

General

Ex-Goldman trader upset at $8.25 million bonus, told mom he’d get more

Deeb Salem, who worked for Goldman Sachs until 2012, is looking to recoup the money he thought he was promised after he received an $8.25 million bonus in 2010. 213 more words

Finance

Help for buyers who faced foreclosure

Foreclosure and short sales often take away the hope of home ownership.

Despite the recent mortgage crisis of the past 10 years, home ownership remains an important foundation for financial stability and building wealth. 40 more words

Short Sale

Bank of America’s mortgage settlement deadlocked over fine

Talks between Bank of America and the Justice Department over a potential multibillion-dollar settlement deal have reportedly stalled, with the impasse centered on how much the bank should pay to settle mortgage-related litigation. 302 more words

Finance

More Americans borrowing against their homes

History repeats itself. Past is prologue. Everything is a cycle. Pick any cliché you want, but the fact is lending vehicles that practically disappeared following the 2008 credit crisis are back. 254 more words

Finance