US new home sales plunged in November (Reg Req'd) Sales of new US homes plunged in November by the largest amount in nearly 12 years, providing the most dramatic evidence yet that the red hot housing market over the
FDIC Shuts Down NetBank Because of Excessive Level of Mortgage Defaults (Canadian Business) Alan Zibel September 28, 2007 - 6:18 p.m. WASHINGTON (AP) - NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because
June Housing Starts Up, Permits Plummet The pace of U.S. home construction rose 2.3 percent in June but building permit activity, a sign of future construction plans, sank to its lowest rate in 10 years,
Economic woes hit home, as foreclosure rate soars ''I felt like I was a total failure," she said. ''I tried so hard to take care of my family and wasn't able to.via
Gov't Warns on Risky Mortgage Products U.S. bank regulators on Tuesday recommended that mortgage lenders take caution with innovative new mortgage products that may strain the finances of borrowers and banks as interest rates rise.read more...
Foreclosures Mortgage foreclosures filed with the civil division of the Circuit Court for October 2007. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter
Thirteen years ago, the Rev. Pat Carroll and developer Jim McFadden teamed to pursue a vision of building affordable housing on a desolate, industrial corner in the southwestern part of the city.
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