Foreclosures continue to soar, with 220,000 homes lost to bank repossessions in the second quarter of this year, according to the latest statistics from RealtyTrac, an online marketer of foreclosed homes.
That's nearly triple the number from the same period in 2007.
Sanyo quarterly profit tumbles
Sanyo Electric Co., a troubled electronics maker that may get bought out by bigger Japanese rival Panasonic, reported Wednesday its second quarter profit dwindled to about a third of what it...
Eurozone is on verge of recession
The eurozone's economy shrank by 0.2% in the second quarter of the year, according to the European Commission.
U.S. weighing new mortgage plan
The government is expected to announce soon that it will devote up to $50 billion to directly address the source of the financial crisis: bad mortgages and millions of homeowners at risk of...
212,000 borrowers avoid foreclosure in Sept.
Mortgage lenders have helped nearly 2.5 million troubled homeowners avoid foreclosure since the mortgage meltdown began in the summer of 2007.
New foreclosure plan on tap
One of the country's top banking regulators said Thursday that the government is working on a plan to do more to help troubled homeowners.
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