Delinquent Borrower

Americans' economic health appears to be edging closer to code red: The Consumer Distress Index fell sharply in the third quarter, indicating that more of us are falling behind financially.

Fannie Mae and Freddie Mac are encountering growing opposition from banks as they try to make lenders including JPMorgan Chase & Co (JPM) and Bank of America Corp. (BAC) buy back failed mortgage loans. The two government-owned companies are trying to enforce contracts that require banks to...

Fewer Americans received home-loan modifications under the Obama administration's program to reduce foreclosures and delinquencies. More owners with modifications flunked out.