Tighter lending standards in the aftermath of rampant defaults on bad credit mortgages are hurting more than would-be home buyers.
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In the Alabama housing market, late-paying homeowners can lose their properties to foreclosure at breathtaking speed - as little as 30 days after a delinquency notice is published.
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The number of homes for sale in the the Birmingham housing market has skyrocketed over the past two years, but unlike many markets across the country, the number of homes sold has also climbed - albeit slightly.
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The Federal Reserve Bank of St. Louis President says investors who lost money on bad credit mortgage-linked securities “got what they deserved.”
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Al Ynigues found out the hard way about the dangers that lurk in exotic high-risk home loans.
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Despite government calls for tougher regulation in the bad credit mortgage market, brokers and lenders don’t seem to be getting their guidance from Washington.
Instead, they’re turning to Wall Street.
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Families facing Illinois mortgage problems have a new place to turn.
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Statistically high median prices in Silicon Valley’s housing market continue to belie soft market conditions, including falling home prices, swollen inventory and tight mortgage money in some areas.
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American Home Mortgage saw its stock price plunge 21 percent Thursday - its largest single-day drop so far in a month of near-constant declines.
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Mortgage rates held onto last week’s substantial gains, ending mixed on the week, the weekly Freddie Mac survey showed Thursday.
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