AP - In an Oct. 28 story about foreclosure rates in Pennsylvania, The Associated Press erroneously reported the location of a town that, according to a RealtyTrac report, is in a statistical region with the highest foreclosure rate in Pennsylvania. The statistical region includes Warren, Ohio, not Warren, Pa.
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Correction: Pennsylvania Foreclosures story (AP)
Warren, Reading, Philly tops in Pa. foreclosures (AP)
AP - Pennsylvania’s highest foreclosure rate is in the statistical region that includes the northwest city of Warren.
Mass. foreclosures in 3Q lower than a year ago (AP)
AP - Fewer Massachusetts residents lost their homes to foreclosure during the third quarter in 2009 than in the same period a year ago.
Meltdown 101: Housing starts show industry’s woes (AP)
AP - Housing construction is crawling out of its very deep hole, but no one expects it to reach the heights hit before the housing bubble burst — at least not for a very long time.
Illinois treasurer sets date to auction hotel (AP)
AP - A beleaguered and debt-ridden hotel in downtown Springfield will be auctioned in December, the state treasurer announced Tuesday.
Congress looks to extend credit despite problems (AP)
AP - Evidence of potentially widespread abuse won’t deter lawmakers who want to extend a popular tax credit for first-time homebuyers.
Homebuilder sentiment index falls in October (AP)
AP - Homebuilders are growing less optimistic about their fortunes as a temporary tax credit for first-time homebuyers that boosted home sales this year nears its end.
Fund managers face trial in mortgage market case (AP)
AP - Two former Bear Stearns hedge fund managers are on trial in one of the few criminal cases brought against Wall Street executives in connection with the housing market collapse.
Reverse mortgages ripe for abuse, consumer group says (McClatchy Newspapers)
McClatchy Newspapers - WASHINGTON — Consumer advocates say a growing number of older homeowners and a new crop of eager lenders could steer the reverse mortgage industry down the same financial course that toppled the subprime mortgage market and left taxpayers footing the bill.
Reverse mortgages ripe for abuse, consumer group says (McClatchy Newspapers)
McClatchy Newspapers - WASHINGTON — Consumer advocates say a growing number of older homeowners and a new crop of eager lenders could steer the reverse mortgage industry down the same financial course that toppled the subprime mortgage market and left taxpayers footing the bill.
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