Strong growth in Q4 likely to slow throughout 2010

Thursday, March 17th, 2011

Don’t count on the economic growth spurt at the end of 2009 to carry into this year.

Mortgage delinquencies fall but foreclosures up sharply

Tuesday, March 15th, 2011

For the first time in two years, fewer homeowners are missing mortgage payments, Treasury Department regulators reported Wednesday, but foreclosures are surging as many loan-modification efforts fail.

Mortgage defaults in California at 3-year low

Tuesday, March 15th, 2011

The number of default notices in the second quarter falls 43.8% compared with the same period in 2009. Meanwhile, banks step up repossession of foreclosed homes.

Bankers Ignored Signs of Trouble on Foreclosures

Sunday, March 13th, 2011

At JPMorgan Chase & Company, they were derided as “Burger King kids” — walk-in hires who were so inexperienced they barely knew what a mortgage was.