Despite having a bad rap for often being slow and problematic, short sales are quickly becoming a preferred method to dispose of distressed properties and avoid foreclosure. [IMAGE] According to...

As a result of the current housing crisis, many homeowners have defaulted on their mortgage, and lenders must decide whether to complete a loan modification or start foreclosure proceedings. [IMAGE]...

...market consensus forecast, and the unemployment rate unexpectedly fell to 10 percent. In addition, revisions added 159,000 jobs to September and October."" Nothaft notes, though, that 30-year fixed mortgages are...

""GMAC Financial Services"":http://www.gmacfs.com posted a $767 million loss for the third quarter of the year, compared to a net loss of $2.5 billion in the third quarter of 2008.[IMAGE] ""Results...

September proved to be a positive month for single-family home and condo sales in Massachusetts, according to the Warren Group, publisher of Banker & Tradesman, The Commercial Record and a...

The banking industry is scrambling to get some capital relief when new accounting rules go into effect on January 1 that will force them to put mortgage securities currently held...

While the credit crisis continues to dominate the economic news, the country's 7,848 credit unions reported record-breaking performance in new loans granted in the first half of 2009. [IMAGE] According...

Despite the fact that lenders in California are voluntarily postponing the majority of foreclosure sales - 73 percent, to be exact - ""ForeclosureRadar"":http://www.foreclosureradar.com says its market data reveals a steady...

Massachusetts foreclosures dropped dramatically in April from a year ago and were also lower than March, according to a report released Thursday by the Boston-based real estate research firm ""The...

""RealtyTrac"":http://www.realtytrac.com released its ""U.S. Foreclosure Market Report"":http://www.realtytrac.com/ContentManagement/pressrelease.aspxxChannelID=9&ItemID=6180&accnt=64847 for the first quarter of 2009 on Thursday, which showed that one in every 159 housing units in the nation received a foreclosure...