Mortgage fraud: New and improved

Lenders have tightened standards, but scam artists have found new ways to beat the system. [...] Article Continued Here

Consumer credit limit crackdown

As banks put the brakes on borrowing, credit cardholders are finding their lines of credit getting dramatically reduced as well. [...] Article Continued Here

Lenders to FHA: Thanks but no thanks for your help

Testifying before Congress, lenders praised the FHA's foreclosure prevention program but indicated that they'd prefer to handle their own mortgage workouts. [...] Article Continued Here

August foreclosures hit another record high

There were 304,000 homes in some stage of default last month, and 91,000 families lost their homes. [..] Article Continued Here

Record 1.2 million homes hit by foreclosure

Loans in foreclosure have doubled over the past year, while delinquency rates continue to soar. [...] Article Continued Here

Housing fix backfires

A new law was supposed to make it easier for buyers in expensive markets to get affordable loans. Instead, rates are going up for everyone.[...] Article Continued Here

Pick-a-payment loans turn poisonous

Defaults on option ARM mortgages are expected to double in the next two years, driving foreclosure rates even higher.[...] Article Continued here

25% of home sales result in loss

Values have fallen so far in many cities that sale prices don't cover what sellers originally paid. That means more hard times before markets recover.[...] Article Continued Here

The next wave of mortgage defaults

More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover.[...] Article Continued Here

Mortgages get more expensive - again

In wake of huge losses, Fannie Mae announces changes that will make home loans harder and more expensive to obtain.[...] Article Continued Here

Cracking down on mortgage scammers

The Justice Department is going after real estate fraud. The 400-plus people charged nationwide racked up $1 billion in losses. Here's what they are finding[...] Article Continued Here

Foreclosures linked to subprime fraud

A New York state investigation of subprime mortgage practices reveals fraud proliferated in the state, which had the eighth-highest number of foreclosures in 2007[...] Article Continued Here

Washington Mutual loses $3.3 billion

Hurt by higher loan loss provisions, nation's largest thrift reports worse-than-expected results.[...] Article Continued Here

Loan modification saves home

John and Grayce Coffman got a killer deal on their Fullerton home's mortgage – just 1 percent interest for five years [...] Article Continued Here

TV's Ed McMahon in foreclosure

Johnny Carson's sidekick on "The Tonight Show" is in discussions with his lender to try to save his home in Beverly Hills, Calif. [...] Article Continued Here

NY Family fights bank and keeps house

See this video special on ABC of a typical family from NY who was able to get their loan modified and keep their home.

Click Here to see the ABC News Story

Countrywide expands mortgage workout scope

Under a broader plan, subprime borrowers with fixed rate loans will be eligible for restructured loans.
NEW YORK (CNNMoney.com) — Countrywide Financial said Monday it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.
Months ago, Countrywide […] Article Continued Here

Foreclosures hit all-time high

Over 900,000 borrowers are losing their homes, up 71% from a year ago, and a record number of home owners are behind on payments [...] Article Continued Here

Negotiating with your lender

Gerri Willis explains how some home lenders can help troubled borrowers [...] Article Continued Here

Forestalling foreclosure

Many people are raiding their 401(k)s to save their homes, but there are other options to consider, Gerri Willis explains. [...] Article Continued Here