CHICAGO — First-time home buyers have a better shot at the American dream and strapped homeowners may be able to stave off financial ruin under a lengthy set of measures signed into law by President Bush on Wednesday. But there are plenty of catches in the 694-page housing legislation. (15 mins ago)
Focused on getting the nation’s credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems. (17 mins ago)
Questions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from foreclosure: (20 mins ago)
WASHINGTON: The credit crisis stemming from the US housing slump has triggered a negative feedback loop? in the global economy that poses risks for growth, the International Monetary Fund said yesterday. (3 mins ago)
Diversity Developer Incubator, a city-sponsored program designed to train women and minorities to develop significant real estate projects in the city, has resulted in three projects that could give lower-income families or senior citizens new housing options. (29 mins ago)
SPRINGDALE – Area home sales fell nearly 30 percent in the first half of the year, but three local real estate veterans believe the market basement is visible. (8 mins ago)
New Jersey foreclosure filings rose 140 percent in the second quarter from a year earlier, RealtyTrac Inc. reported Friday. One in every 201 households in the state received a notice, the 12th-highest rate in the U.S. (1 min ago)
NEW YORK — Regional bank National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions. (3 mins ago)
Sen. Barack Obama rides in a Marine Osprey on a tour of Anbar province in Iraq and a trip to Amman, Jordan. (3 mins ago)
Washington Mutual Inc. said Tuesday it lost a staggering $3 billion during the second quarter as it increased its loss reserves to more than $8 billion to cover souring loans in its mortgage portfolio. (2 mins ago)