A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to a report released Friday by the Mortgage Bankers Association.
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.
International bank lending slides
International lending by banks fell by $1.1 trillion in the second quarter, the largest contraction since 2001, offical figures show.
81,312 homes lost to foreclosure in September
The housing crisis still has a choke hold on America: In September, 81,312 homes were lost to foreclosure according to RealtyTrac, an online marketer of foreclosed properties.
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