August foreclosures at 358471, more defaults expected

New York, September 10: With a surge in number of home owners defaulting on their mortgage payments, foreclosure filings in the nation crossed 300,000 for the sixth straight month, according to data... Read more »

Home prices register major fall in 21 years

Home prices have registered the biggest-ever fall in 21 years with the S&P/Case-Shiller U.S. National Home Price Index plummeting by 18.2 percent in the last quarter of 2008. In December alone, the... Read more »