Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to
U.S. consumers continue to struggle to pay back home equity, auto and other loans as high unemployment drags on the economy. The American Bankers Association
PacWest Funding’s CEO watched in late 2007 as rival mortgage brokerages, banks and collaborators collapsed under the weight of the declining housing market. Fearing his
The Obama administration‘s central foreclosure-prevention effort won’t reach its original goals and the government should come up with clear, measurable objectives for the two-year-old program,
Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to
The housing market will remain depressed, with record high foreclosure levels, rising mortgage rates and a glut of distressed properties dampening the market for years
The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most or
It seemed too good to be true: You bought a house in foreclosure at a fraction of the former price. Maybe you even knocked out
Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came
The number of U.S. homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in