Experts wondered what Fannie Mae, the mortgage finance giant, hoped to achieve by announcing it would punish owners who strategically defaulted. Go to Source

The California Assembly will take up a bill that would redefine the obligations of many defaulting homeowners. Go to Source

After generations of opposition, many Detroit residents now support the wide demolition of abandoned buildings. Go to Source

A bank began foreclosure proceedings on a home co-owned by Marco Rubio, the Republican candidate for the Senate, after he failed to pay his mortgage for five months, according to court documents. Go to Source

The government says prosecutors have charged 1,215 people in hundreds of mortgage fraud cases involving estimated losses of $2.3 billion. Go to Source

The new scrutiny of mortgage foreclosure practices, like a $108 million fine extracted from Bank of America last week, is long overdue. Go to Source

Debt consolidation for co-op owners, buyout offers for rent-stabilized tenants, and more. Go to Source

Borrowers with poor math skills are found to be three times more likely to go into default. Go to Source

Bridgeport is among the Connecticut cities that received funding from the federally financed Neighborhood Stabilization Program. Go to Source

The Federal Trade Commission accused the mortgage lender of collecting outsize fees from about 200,000 borrowers facing foreclosure. Go to Source