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Battles in California Over Escaping Mortgage Debt

The California Assembly will take up a bill that would redefine the obligations of many defaulting homeowners.
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To Save Itself, Detroit Is Razing Itself

After generations of opposition, many Detroit residents now support the wide demolition of abandoned buildings.
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Florida: Senate Candidate Faces Foreclosure

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.
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U.S. Reveals Mortgage Fraud Crackdown

The government says prosecutors have charged 1,215 people in hundreds of mortgage fraud cases involving estimated losses of $2.3 billion.
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Finally, Borrowers Score Points

The new scrutiny of mortgage foreclosure practices, like a $108 million fine extracted from Bank of America last week, is long overdue.
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Real Estate Q. and A.

Debt consolidation for co-op owners, buyout offers for rent-stabilized tenants, and more.
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Breaking the Foreclosure Cycle

Bridgeport is among the Connecticut cities that received funding from the federally financed Neighborhood Stabilization Program.
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Study Says Math Deficiencies Increase Foreclosure Risk

Borrowers with poor math skills are found to be three times more likely to go into default.
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Countrywide Settles Fee Complaint

The Federal Trade Commission accused the mortgage lender of collecting outsize fees from about 200,000 borrowers facing foreclosure.
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Countrywide Pays $108 Million to SettleFees Complaint

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