DENVER - Homeowners in Colorado either refinanced or paid off their mortgages last year faster than they have at any time in the previous three years. A report released Monday by the Colorado Division of Housing finds 86,816 deeds of trust were released between October 1 and December 31 last... more »
The number of homes lost to foreclosures surged again in July as lenders took back almost 93,000 properties, up nine percent from June.
In a new NBC-Wall Street Journal poll, only 29 percent of respondents felt the economy has hit bottom; 64 percent say there is still a ways... more »
Cigarette makers are cutting contracts with tobacco farmers as smoking continues to decline in the U.S.
University of Kentucky economist Will Snell says his state, the nation's top producer of burley tobacco, could lose a fourth of its contracts this year. Many contracts also have been lost in North... more »
The number of U.S. households facing foreclosure in January dropped compared to December but increased 15 percent from the same month last year.
Experts say a surge in cash-strapped homeowners who've fallen behind on mortgages could be on the way.
RealtyTrac Inc. says more than 315,000 households received... more »
The Treasury Department plans on Thursday to unveil changes designed to streamline the burdensome paperwork for its foreclosure relief plan, according to people briefed on the matter.
The tweaks to the problem-plagued program could help more borrowers complete loan modifications. But they are unlikely to placate critics who have... more »
After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says. More than 650,000 borrowers, or 20 percent of those eligible, have signed up for trials lasting up to five months, the Treasury Department says. The modifications reduce monthly payments... more »
With nearly two full months to go in the year, El Paso County has recorded a record number of foreclosures. This is the third straight year the record has been broken. Before then, the previous record was the Savings and Loan crisis of 1988.
Thomas S. Mowle, El Paso... more »