The long arm of the global financial crisis reached down into Morena Parada's preschool classroom, where a little girl named Joeli Arias-Lopez painted bright green and orange splotches on an oversize easel and pronounced it a house.
In the casino of the housing market, Tom Walters is holding the wrong cards. He's a mortgage broker, so business has been slow, and on his own house, payments have risen to about $6,200 -- too much to handle.
With a crush of visitors expected this Inauguration Day, hundreds of area residents are advertising their homes as temporary -- and top-dollar -- rentals over the four days leading up to Jan. 20. It's a brilliant solution to the lodging shortage, but let's pause a moment to examine the potential ...
More than a year into the foreclosure crisis, whether a distressed homeowner is eligible for a more affordable mortgage can often come down to the fine print.
The government and mortgage industry -- including federally run mortgage finance giants Fannie Mae and Freddie Mac -- today announced a new streamlined system for modifying the mortgages of hundreds of thousands of borrowers to avoid foreclosure, according to two people familiar with the matter.
