July 15: The Fed adopts a plan to curb shady mortgage practices. Lax lending standards during the heady days of the housing boom ended up burning the riskiest “sub-prime” borrowers—people with tarnished credit or low incomes—because they got ..., more
and 4 families rebuilding finances post-foreclosure - Arlington Heights Daily Herald Charmaine Boykin and her daughters Zoreah, 9 months, and Alexis, 9, stand outside the Columbia, S.C. home that they lost to foreclosure when the adjustable mortgage nearly doubled. Associated Press Laura Melendez, 34, talks to a reporter at her home ..., more
and Signs that Maine's foreclosure market is shifting - Boston Globe PORTLAND, Maine— There are some signs that Maine home buyers believe the housing market finally has bottomed out. Foreclosure experts say more people are showing up to foreclosure sales, and more properties are selling. At the same time, banks have ..., more
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