Failing Obama Mortgage Bailout Plan

Most Borrowers are still ending up in foreclosure even after loan modifications

WASHINGTON (AP) — The Obama administration’s flagship effort to help people in danger of losing their homes is falling flat.

More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. […]

Is The Housing Market Recession Over?

Experts say not by a long shot

The Housing-Market Recession Is Not Over

Why you shouldn’t be overly optimistic about real estate right now?

After years of hearing how home prices are plummeting and foreclosures are mounting, consumers want to feel hopeful about the housing market — but maybe they’re being too optimistic.

In […]

The housing slump is not over? How much further can we go?

A Double-Dip in the Housing Market?

Falling home prices stir fears of new bottom Home prices fall 0.5 percent from February to March, raising fears of a new bottom

NEW YORK (AP) — The housing slump isn’t over.

Tax credits and historically low mortgage rates have failed to lift home prices so far this […]

Renting: The new American dream?

The American dream of home ownership has turned out to be the American nightmare for those who could never really afford a home in the first place.

Many borrowers are now in deep trouble as home prices have plummeted and the payments on bubble-era adjustable rate mortgages have shot up. Foreclosures are still continuing […]

Foreclosure rates surge, biggest jump in 5 years

‘On pace to see more than 1 million bank repossessions this year’

LOS ANGELES – A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to […]

Interest Rates Have Nowhere to Go but Up

On Sunday April 11, 2010, 1:00 pm EDT

Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates.

That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from […]

Chase Sued: Allegedly Told Homeowner To Stop Payments, Then Foreclosed

JPMorgan Chase told a California couple to quit making mortgage payments in order to qualify for a loan modification but then foreclosed on their Sacramento home, according to a lawsuit filed in federal court.

Faiz and Khadija Jahani called Chase in December 2008 because they were having trouble making their mortgage payments. According to the […]

Housing Prices May Be Heading for a Double Dip

Anyone thinking housing prices have reached a bottom had better do some recalculating. Despite Tuesday’s Case Schiller report showing smaller declines in January, housing prices may already be in another free fall.

Falling prices again?

Newly revised numbers are pointing to the decline.

The Federal Housing Finance Agency’s (FHFA) adjusted figures show a housing […]

Half of Commercial Mortgages to Be Underwater

By the end of 2010, about half of all commercial real estate mortgages will be underwater, said Elizabeth Warren, chairperson of the TARP Congressional Oversight Panel, in a wide-ranging interview on Monday.

“They are [mostly] concentrated in the mid-sized banks,” Warren told CNBC. “We now have 2,988 banks—mostly midsized, that have these dangerous concentrations in […]

Spring Outlook: Housing Sales Are Looking as Bleak as Ever

It’s going to be another bad spring for the US housing market—unless you’re a buyer.

With prices still falling and more distressed homes hitting the market, many experts are expecting the market to get even worse before it gets better.

“There’s been some increase in inventory lately, mostly from distressed sales,” says Walter Malony, […]

n