The government has bailed out large banks, Wall Street firms, car companies, and is now possibly trying to save those who have defaulted on their mortgages. Why not? Many of these people bought their homes during the housing peak a few years ago, to realize their Texas mortgages are now underwater even though they are [...]

Homeowners who recently obtained Colorado mortgages to earn federal homebuyer tax credit may have been better off waiting.  According to a recent article by The Denver Post, those who rushed to get now-expired tax credits might have acted a little too soon. Despite the lowest interest rates in over 60 years, home sales and prices [...]

CNN reported this morning that more than 20% of US mortgage borrowers owe more than their homes are worth.  According to the real estate website Zillow.com, 21.5% of home loans are in the category of owing more than their house worth. It is a small improvement being down 1.8% from the previous quarter, but the [...]