By Kim Velsey 8/21/12 7:18pm

Mortgage Crisis

Short sales could help the mortgage madness.

Six Years After the Mortgage Crisis, Short Sales Made Easier

For many U.S. homeowners, it’s been a long, slow crawl out of the depths of the housing crisis. Even with housing prices rising again and inventory falling in many U.S. cities, many homeowners are still trapped with underwater mortgages and rather bleak prospects when it comes to unloading their greatly devalued homes.

It comes as a small consolation, then, that some six years after the crisis started, the Federal Housing Finance Agency is making it easier for homeowners to conduct short sales, The Wall Street Journal reports. Read More

By Mike Taylor 10/25/10 12:54pm

Morning Roundup: Main Street’s Evil Short-Sellers

  • Borrowers are refinancing their mortgages in droves to take advantage of record low interest rates. This is a welcome distraction for the major banks, who are under national investigation for cramming mountains of phony foreclosure paperwork through the judicial system. [Bloomberg]
  • By the end of this year, the Securities and Exchange Commission hopes Read More