In the current collapsing housing market, the vultures are circling for an economic feast, and they aren’t necessarily the bad guys.
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Upstairs at Victory Chapel Church - a cinderblock bunker converted from a long-ago Ford dealership - the pews are reserved for praising heaven.
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The California housing market isn’t spectacular, and in the Central Valley city of Lodi, it’s downright sluggish.
But compared with nearly every other city in the area, sluggish is actually looking pretty good right about now.
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Darlene Hill was making a living in Mobile, Ala., as a real estate investor when she devised a sophisticated con against lenders across the Alabama housing market that would net her far more money than just robbing a teller with a gun.
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Whether to take a fixed-rate or a adjustable-rate mortgage is one of the most important financial decisions when shopping for a home loan.
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If mortgage debt is good debt, why are so many borrowers having such a bad time?
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The number of home foreclosures around Atlanta has risen 200 percent since 2000, in part because of an increase in the use of high-interest, sub-prime Georgia mortgage loans, the Atlanta Regional Commission said this week.
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April home sales in the Greater Cincinnati housing market took a double-digit drop from year-ago numbers, while they also remained down in Northern Kentucky.
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When the housing market brakes, millions of homeowners who think they are going to stay in their home for a while start asking one big question:
Is it time to pay down the mortgage?
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The butcher’s son who built the largest mortgage lender in the United States is in no mood for soul-searching over the bad credit home loan crisis.
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