There has been a flood of news headlines recently about skyrocketing foreclosures in the bad credit mortgage market, which serves people with lower incomes or blemished credit histories.
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The number of new listings for homes in the Lehigh Valley hit an all-time high in May, providing Pensylvania mortgage borrowers with enough selection to be choosier and make offers below asking price.
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With the spring real estate market more than halfway to its traditional end-of-June close, many real estate agents are saying that they - and the buyers and sellers they deal with - have finally adjusted to post-housing-boom conditions.
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A group of Democratic lawmakers hopes a multimillion-dollar “rescue fund” will help Pennsylvania mortgage holders trapped in bad home loans straighten out their personal finances.
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Housing foreclosures are at a record high in Allegheny County - and it’s not just happening in poor communities.
This year’s bad credit mortgage turmoil has forced a Philadelphia lender to record a loss of $65.6 million on its $3.6 billion portfolio of mortgage-backed securities.
While not nearly as sluggish as some of the country’s more volatile housing regions, the Pittsburgh housing market has seen better days.
For five years, a Lower Windsor Township, Pa., couple has been buying, remodeling and reselling homes - a process known as flipping - for a profit.
A large chunk of homes sold in Monroe County so far this year were houses in foreclosure.
The number of residents in York County, Pa., and across the state asking for government help with Pennsylvania mortgage payments increased by about 10 percent last year, according to the York Dispatch.