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US Homeowners Flock to Florida Event in Desperate Bid to Save Properties

by Andrew Clark in Palm Beach, Florida In the pre-dawn darkness of a steamy night of sub-tropical rain, a queue of anxious, soggy people snakes around the palm trees outside a cavernous Florida convention centre. Some have erected camp beds or makeshift tents. All clutch sheaves of mortgage documents. read more

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East Central Illinois not a foreclosure hot spot, but filings are up

URBANA – Kevin Schoening's home in Thomasboro was his first and only one – shelter on a tree-lined street in a small town in northern Champaign County where he, his wife and their son lived. Now more than a year after the house was sold at a Champaign County sheriff's sale, revisiting the past couple of years still makes Schoening feel unsettled. read more

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Maine sales of existing homes fall 30%, but median price rises

WASHINGTON — Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades. No matter.

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Cheaper mortgage may not be best deal for you

Record-low mortgages don't necessarily mean you qualify for refinancing -- or that it's a good idea.

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General Growth Properties Announces Results for Second Quarter 2010

CHICAGO----General Growth Properties, Inc. today reported its operating results for the three months ending June 30, 2010.

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Risks arise if too many refinance

NEW YORK -- Lots of homeowners are frustrated these days that they can't seem to get a mortgage refinance even though interest rates are at historic lows. It turns out they're not alone.

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What the Most Important Statistic Says About Our Recovery

A closer look at debt-to-income ratios.

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