Housing Crisis | featured news

Housing advocates who work with homeowners say that while President Obama’s loan modification program could help thousands of New Yorkers, it has been slow to get off the ground.

John P. McMurray made it clear to his Countrywide Financial Corp bosses that they were playing a dangerous game with risk.

The foreclosure crisis has emptied neighborhoods with once-gleaming pools, now sitting caked with algae, infested with mosquitoes. The problem has grown so dire, environmental health specialists in Western states have turned to mosquitofish to police the stagnant waters; for the little silvery creatures a batch of larvae is like a prime-rib buffet.

The Obama administration is expected to expand its mortgage aid program on Thursday, announcing new measures that would help ...

U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.

The Senate today approved a housing bill aimed at addressing the country's growing foreclosure problem, including revamping a troubled government foreclosure prevention program.

The head of the Securities and Exchange Commission said Tuesday that she is making rules restricting short-selling a priority, ...

A deal maker at Lehman pioneered ways to package debt which brought huge profits but set off the bank’s collapse.

US house prices continued to fall in February, but the rate of decline in some markets is slowing, a leading index says.

Brad Ramos, the police chief of Indio, Calif., population 79,000, does everything he can to contain his town's foreclosure epidemic. In a town where on the worst streets, 75% of homes are in foreclosure, Ramos hopes that if he can keep the neighborhoods looking presentable, he might be able to hold out long enough for when buyers return.