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What went wrong with foreclosure aid programs?

What went wrong with foreclosure aid programs?

By Julie Schmit, USA TODAY Steven and Lisa Maultsby lost their Mississippi home to foreclosure this year. At the time, they thought they were being reviewed for a loan modification through the U.S. government’s foreclosure-prevention program.  A Realtor knocking...
Mortgage debt at lowest level in nearly 5 years

Mortgage debt at lowest level in nearly 5 years

John Gittelsohn,Kathleen M. Howley, Bloomberg News U.S. mortgage debt, a driver of consumer spending during the real estate boom, dropped to the lowest level in almost five years in the third quarter as foreclosures wiped out home loans and housing purchases fell. The...

A Quick Look a California Real Estate

California pending home sales fell 9.1 percent in November but were up from a year ago, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ Pending Home Sales Index (PHSI)*.  However, the index was up 11 percent from November 2010, marking the seventh consecutive...