Goldman Sachs' latest clever idea to make money poses a dilemma for the government as the Wall Street firm negotiates to acquire tax credits from Fannie Mae.

Borrowers with no-doc loans are more likely to default. Borrowers in recourse states who may lose other assets in a default are less likely to walk away from a mortgage.

California's attorney general asked 10 leading mortgage lenders to detail their plans for modifying option adjustable-rate mortgages (ARMs), warning that the state will be the epicenter for a new wave of foreclosures as these loans reset in the coming years.

There was no final word from Capitol Hill on an extension of the homebuyer tax credit this week, as was expected.

The number of empty homes in the United States including foreclosures, residences for sale, and vacation properties rose during the third quarter, according to data released by the U.S. Census Bureau Thursday.

Lenders Asset Management Corporation (LAMCO), a nationwide REO and default management company headquartered in Littleton, Colorado, announced its 20th anniversary Thursday.

The Homeownership Preservation Foundation (HPF) has asked all HOPE NOW Alliance partners to stop using its housing counseling hotline the well-recognized 888-995-HOPE number on door hangers left behind by field service operatives at homes that may be at risk of foreclosure.

Legislation was approved by both the House and Senate Thursday that extends the higher loan limits currently in place for mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA).

U.S. consumers are doing better about paying their mortgages on time, indicating that the worst might be over for financial stress in households.

Growing problems in commercial real estate won't set off a new banking crisis, Treasury Secretary Timothy Geithner said Friday.