In court cases in KS, OH, NY, NV and MA human beings are saving their homes from foreclosure by demanding that banks produce the Note.

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Cure rates for these distressed loans remain low. Amherst noted a near 0% cure rate of all loans in foreclosure, 0.8% for 90 plus days delinquent, 4.4% for 60 days delinquent and 26.5% for 30-day delinquencies.

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First-time home buyers are scrambling to take advantage of an $8,000 tax credit set to expire in coming weeks, while Congress considers whether to extend the program or risk removing what may be one of the few supports underpinning the housing market.

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They're easy to overlook, with home prices plunging from Manhattan to Los Angeles and almost everywhere in between. But look at the smaller metros where housing bubbles never took shape, and you'll find some of today's strongest markets.

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Like many Frankenstein creations of the liberal-conservative consensus, homeownership engineering finally conked out during the Mad Monster Party that was the George W. Bush administration.

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Savvy homebuyers always hit the Internet first before they make calls to real estate agents. With all the information available on the Web, doing neighborhood research, price comparisons and photo tours have become the norm for 84 percent of people who are house hunting.

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When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it.

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When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it.

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According to Freddie Mac, mortgage rates went up this week again over 5 percent.

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THERE are tentative signs of stabilisation in America's housing market. The S&P/Case-Shiller index, which tracks home prices in 20 cities, ticked up slightly in May, its first gain in 34 months.

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Since the housing market bust, a staggering $4 trillion in home equity was destroyed, and many millions of homeowners lost their houses because of foreclosure.

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Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles

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The Obama administration put together a plan to try and salvage the deteriorating housing market. From its inception, lenders have been revising mortgage loans to make them more affordable for their customer.

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This is good news.

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NEW YORK (Reuters) - U.S. officials are weighing a plan to let borrowers who have fallen behind on mortgage payments avoid eviction by renting their home instead, sources familiar with the administration's thinking said on Tuesday.

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By Thom Weidlich July 8 (Bloomberg) -- Manhattan District Attorney Robert Morgenthau charged a mortgage company and 13 individuals with defrauding Bank of America Corp., Wells Fargo & Co. and other banks of $100 million through fraudulent property sales.

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Article talking about how foreclosures are negatively affecting the housing market

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Two Democratic lawmakers are calling on Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery.

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Remember how, back when taxpayers were being asked to fork over hundreds of billions of dollars to bail out Wall Street, we were told it was essential to saving Main Street?

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After tearing down their 2,250-square-foot home in Danville, Calif., Mike and Tricia Barry walked away with more than just a clean slate. The couple received a $100,000 tax write-off as well.

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Rising job losses and falling home prices are dragging down people who never dreamed they would get in trouble.

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...some analysts said the banks' reluctance to clean up their balance sheets meant they were merely postponing their day of reckoning. Indeed, some analysts said government policies had made it easier for banks to gloss over their bad loans. More Articles

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Love him or hate him....This is a very interesting segment.

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The power of a united minority was on beneficial display yesterday, as Senate Republicans defeated the budget bankruptcy "cramdown" bill.

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The Treasury secretary, Timothy F. Geithner, will outline the broad revamping of the regulatory system, which goes further than expected, in a hearing on Thursday.

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