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Just two months ago, Aaron Brokenbough had no clout and little say when lenders moved to foreclose on his home. His Philadelphia row house was scheduled for a sheriff's sale, the end of the road for most homeowners who are behind in mortgage payments. ...more
June 17, 2008
Apparel retailers who once saw the government's economic stimulus plan as way to heat up winter's dismal sales are wondering if it's ever going to get warm. ...more
June 3, 2008
It was the best of legislative times, it was the worst of legislative times. ...more
May 10, 2008
There comes a time in every business cycle when things look glum and the future even glummer. ...more
February 22, 2008
Some lost their jobs. Some got divorced. Others who attended the homeowners education seminar Saturday simply bought houses they could not afford, often with the help of predatory mortgage lenders out to make a buck. ...more
February 18, 2008
Countrywide Financial Corp. said Friday that home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments. ...more
February 16, 2008
The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the country's largest 100 metropolitan areas shows. ...more
February 14, 2008
Economists and politicians can debate all they want about whether the nation is sliding into its first recession in nearly seven years. To Chuck Rizzo, the picture is clear. ...more
January 22, 2008
The CEO of Fannie Mae, the largest financer and guarantor of U.S. home loans, predicted Tuesday that the housing market downturn is likely to persist into 2010. ...more
January 9, 2008
Will this year be great, or will we see recurring economic themes from 2007? Predictions by industry experts point to an easing of the morass in the housing market but say insuring your home will still be a hairy proposition. On a positive note, Hillsborough County's cancer research center, the county's biggest economic development project, may start paying dividends. Meantime, the cost of energy will go higher, the state is reviewing sales tax exemptions and the local workforce should stay resilient despite ongoing economic crises. ...more
January 6, 2008
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