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News about Mortgages:
Housing Prices Continue to Decline Nationwide - MSN MoneyCentralIHS Global Insight, the world's leading company for economic and financial analysis and forecasting, today released the third-quarter 2008 update of the U.S. housing valuation analysis, House Prices in America , showing that single-family U.S. home ...
View From Stockton As "Stuff" Hits The Fan (nie) And Freddie - CNBCThe federal rescue of Fannie and Freddie is just one sign we aren’t at the bottom of the housing mess yet. Other signs are all over Stockton, California. First dubbed “The Foreclosure Capital of America” a year ago, I came back this month ...
Nation's foreclosure rate in October increases 25 percent year-over ... - Chicago TribuneMIAMI (AP) _ The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed. More than 279,500 U.S. homes received at least one foreclosure-related notice ...
Which candidate's plan would best ease the mortgage crisis? - Axcess News(AXcess News) Stockton, Calif. - Nick Terlouw sprays green paint from a garden hose as if he were watering the lawn. The browned-out grass, dead from neglect, turns golf-course luscious in less than 15 minutes. Then it's off to the next lawn for Mr ...
Mortgage troubles far more serious than most predicted - Minneapolis Star Tribune"Though Martinez bought the house more than a decade ago for only $76,000, she now owes about $230,000 because she refinanced her home loan … read more several times." So, in addition to her paycheck, she has blown through another $150,000, and ...
Report: Growing number of homeowners have less equity than mortgage ... - San Jose Business JournalA growing group of Santa Clara County homeowners saw their home values drop below what they still owed on mortgages in the third quarter, according to a report released Wednesday. Seattle-based real estate valuation site Zillow.com reported that 27 ...
House values decline again - Seattle Post IntelligencerAfter showing some signs of stability over the summer, Seattle-area house prices fell faster in September, according to a new national report. Values in King, Pierce and Snohomish counties decreased 9.8 percent from September 2007 and 1.4 percent ...
One in five homeowners with mortgages under water - ReutersNEW YORK (Reuters) - Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows. About 7.63 million ...
In search of foreclosure answers - RecordSTOCKTON - When Jenny and Ricardo Hernandez bought their north Stockton home in 2005, their monthly mortgage payments were around $1,800. Now the payments total nearly $3,000 - more than the working couple's monthly net income - and the Hernandez ...
Wall Street bailout harkens back to S&L crisis - Seattle TimesThe $700 billion bailout of Wall Street's subprime-tainted securities hearkens back to the real-estate bets that sparked the savings-and-loan crisis in the 1980s. The geography is the same, too. Then, as now, the government created a taxpayer-funded ...
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