The Housing and Economic Recovery Act of 2008, which was signed into law by President Bush on July 31, won't open the floodgates for all buyers, but it is a boon for first-time homebuyers and homeowners struggling with subprime loans, as well as the mortgage industry, according to local

SYDNEY (Reuters) - This is a tale of two cities.

Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify ...

SINGAPORE (Reuters) - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.

"Apollo Real Estate Advisors LLC, the New York firm that has made $40 billion in property investments, raised an additional $309 million to allow its debt fund to do larger deals. Apollo's Real Estate Finance Corp. will now have $930 ...

NEW YORK -- Wall Street fell sharply for a second straight session Tuesday after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reason to believe an economic recovery is far off. The Dow Jones industrial average dropped 130 points.

Located in the Santa Clarita Valley, River Ranch Townhomes blends the serenity of beautiful mountain settings with contemporary city conveniences. Experience charming hillside vistas every time you step outside onto your extra large ...

NEW YORK (Reuters) - U.S. stocks fell for a second straight session on Tuesday as credit worries hit bank shares and a report showing inflation remains a threat despite slower growth stoked the market's anxiety.

For the first time in more than three years, sales of Bay Area homes rose in July above levels from one year ago, spurred by sales of recently foreclosed properties.

• Full chart of July home sales
• Search transactions, foreclosures