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BusinessWeek
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Adjustable-rate mortgages were common for overleveraged buyers, but they're not always the prime culprit behind foreclosures
It's no coincidence that states with the largest shares of adjustable-rate mortgages—Nevada, California, Arizona, Florida, an..
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Bloomberg
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Washington Mutual Inc. got what it wanted in 2005: A revised bankruptcy code that no longer lets people walk away from credit card bills.
The largest U.S. savings and loan didn't count on a housing recession. The new bankruptcy laws are helping drive f..
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MSNBC
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As Congress and the White House continue to work toward solutions to help embattled homeowners, home foreclosure filings took a big jump in the third quarter, according to the latest data from real estate Web site RealtyTrac.
Foreclosure actions were r..
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BusinessWeek
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Even in affluent communities, foreclosures often offer a chance to buy a luxury home for as much as 40% or more off the market value
At the end of 2006 a new 4,000-square-foot home with a three-car garage in a small gated subdivision in Las Vegas sold..
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MSNBC
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Home foreclosures soared to an all-time high in the final quarter of last year and are likely to keep on rising, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.
The Mortgage Bankers..
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MSNBC
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Despite a dip in foreclosures last month, it appears unlikely that the wave of bad loans that have forced record numbers from their homes will peak any time soon. And despite efforts by lenders, politicians and homeowners to stem the tide, borrowers tryin..
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