mortgage crisis

The Fall of Florida's 'Foreclosure King' Will Create Huge Waves

No longer such a high-flyer, the David J. Stern law firm is now being investigated and sued in a class action. The impact on pending Florida foreclosures and what the firm's underlying conduct means for the future of the state's real estate market will be felt for years.

Bank of America Sued Over Home Loan Modifications

Bank of America's persistent failure to modify home loans has resulted in the inevitable: a consumer class action lawsuit. Last week, Susan Fraser of Missouri filed suit on behalf of herself and other qualified homeowners whom the bank failed to give permanent loan modifications to.

Allstate Sues Bank of America Over Toxic Securities

Allstate is suing Bank of America and its Countrywide Financial division over Countrywide's sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets would drop in value because of a high percentage of defaults.

A Winning Streak Goes Bust: Ghost Towns of Las Vegas [VIDEO]

Las Vegas has always been a place of dreams, promising that pennies could turn into fortunes, cities could rise from the desert, and property values could rise eternally. But you can also lose your shirt there, and the real estate crash has hit Sin City harder than anyplace else in the country.

Has WikiLeaks Rumor Made Bank of America a Buy?

When WikiLeaks founder Julian Assange asserted that his next big leak would involve documents from a major unnamed bank, investors in Bank of America got nervous and the stock has been on bumpy ride. The question now is: Have the WikiLeaks worries made BofA shares a better buy?

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..