defaults

Add to home loan modification woes the latest missive from the federal government: serious delinquencies reached 6.2% in the third quarter, up nearly 17% from the previous quarter. The release begins to add some context to earlier complaints that few of the temporary modifications under the...

The idea behind the $75 billion Home Affordable Mortgage Program is to give homeowners facing foreclosure a means to get lower monthly payments and stay in their houses. The participants must successfully complete a trial period and provide additional documentation to prove that they're able to...

Fiserv, a financial information and analysis firm, is forecasting that national median home prices will fall 11.3 percent by summer 2010. The recent surge in home sales and new homes under construction have launched a feeding frenzy in the hardest hit Sunbelt and California markets as investors...

While the Obama administration tries to put on a good show of encouraging mortgage modifications, the grandstanding is not working. According to Realty Trac, only about 230,000 homes have received help, while 464,058 homeowners lost their homes this year through the end of July. For the fifth...

It would seem to make sense that a homeowner having trouble making mortgage payments would welcome the chance to see monthly payment costs reduced. In an attempt to cut down home loan defaults and stabilize housing prices, mortgage loan companies have begun modifying monthly payment terms. The...

The Wall Street Journal reports today that 7.5 percent of FHA loans were "seriously delinquent" at the end of February, up from 6.2 percent a year earlier. If a loan is categorized as seriously delinquent, it means that it is 90 days or more overdue. But some of these loans are going into default...

The credit crisis seems theoretical and far away -- until the bank starts messing with your credit card. Many consumers are finding the first place they're seeing tangible evidence of the crisis is when credit card issuers cancel their accounts or lower their limits -- sometimes even below their...