Personal Finance News

Hurricane victims having problems paying their mortgages won't have to worry about foreclosure during the next 90 days, says the nation's top housing official.

Blackstone Group LP and Kohlberg Kravis Roberts & Co are each looking to buy parts of Lehman's real estate and asset management units, sources familiar with the situation said on Friday, sparking a broad ...

LONDON. September 6. KAZINFORM. The credit crunch is likely to last well into 2010, the head of the UK's largest mortgage provider has warned.

The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac , The Wall Street Journal reported on Friday.

Foreclosures reached a 30-year high and delinquencies are triple what they were during the height of the housing boom reports Bloomberg.

A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers ...

San Francisco is delaying a controversial program that would provide identification cards to all residents regardless of legal status.

Mayor Gavin Newsom requested last month that the ID card plan _ closely watched by other cities considering similar initiatives _ be suspended 'until a thorough review has been completed,' according to a letter sent to the city administrator.

'The mayor wants to proceed cautiously with this program to ensure that it complies with all applicable federal and state laws,' Nathan Ballard, the mayor's spokesman, said Thursday.

Alpha Mortgage USA Inc. and American Home Mortgage Servicing Inc. engaged in a racially targeted predatory lending practice called "reverse redlining," according to a lawsuit filed in federal court by a black ...

Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 ...

Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes ...

In September, nearly two million federal benefit recipients in 12 states will receive information about new check alternative Sept.

Smart Trading Action Alert: Has the banking sector reached bottom yet? Andrew Gordon of Red Flag Insider thinks not.

A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by making it look as though the trades were ...

Several leading women in the business community, addressing the GOP presidential convention Wednesday, said John McCain's plan for lower taxes, less government and a push to reduce America's dependence on ...

More than 27,000 Boeing Co. aircraft assembly workers were voting Wednesday on whether to strike for an unprecedented second time in successive contract cycles.

NEW YORK - GMAC LLC said on Wednesday it plans to cut 5,000 jobs at its Residential Capital LLC mortgage unit, or 60 percent of that work force, and shut its 200 GMAC Mortgage retail offices to combat ...

The Government is due to publish a report on the status of the IRA as unionists and republicans enter talks on the future of the Northern Ireland government.

One Louisiana family finally gets the help it needs.

DES MOINES, Iowa There's some sentiment that a government rule that forces retirees to withdraw money from their IRA and 401 accounts when they turn 70 1/2 may need to be changed.

Brian Coleman was never in the service and has no ties to the military. But when he began looking for a cause to support after his retirement, he decided helping wounded veterans was the way to go.

Now the 62-year-old spends anywhere from 35 to 70 hours a week running Golf Supports Our Troops, a nonprofit that raises money to donate golf equipment to military hospitals and rehabilitation facilities.

'My intent was not to teach these guys to be golf pros,' Coleman said. 'It was to have some fun, maybe get golf into their recovery, but it was the health benefits of the equipment that I thought would be interesting.'