MortgageCrisis

Did Warren Buffett Make a Bad Call on Bank of America?

When Warren Buffett announced in August that he would spend $5 billion to snap up Bank of America shares, investors cheered. Surely this must mean that we've seen the end of the bad news from America's biggest bank, right? Wrong. So did the Oracle of Omaha blunder?

Home Ownership: American Dream or Nightmare?

Here's more evidence that the foreclosure crisis has changed the way we think about home ownership's place in the American dream. Nearly half of those polled in a newly released survey said that owning a home today was a "nightmare." But not all polls reflect such a pessimistic view.

Why Bank of America Will Never Be Great Again

Bank of America did the right thing this week, nixing its notorious $5 a month debit card fee before it began. But B of A can't win, and even now, financial journalists are wondering how it will find ways to nickel and dime its way back from this week's fee retreat at the expense of its customers.

Home Foreclosures Hit a Five-Year High in March

Despite other signs of a growing economic recovery, foreclosures are not slowing down. March 367,056 foreclosure filings were reported according to RealtyTrac, up 19% from February, up 8% from March 2009, and the highest number since RealtyTrac began reporting on them in January 2005.

Home Prices Slip, and Some Markets Hit New Lows

Home prices declined slightly in January from last year, but the pace of the price declines has slowed, according to S&P/Case-Shiller's Home Price Indices, a monthly report that monitors residential home prices in 20 metro areas across the U.S..