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Mortgage Crisis Hits Latinos Hard

RISMEDIA, Oct. 17, 2007-(MCT)-California’s growing Latino population has been hit especially hard by the meltdown in the real estate market and many are now paying the price for purchasing homes with subprime mortgages that should never have been approved. That...

Paulson: Housing Decline Most Significant Risk to Economy

By Robert Schroeder RISMEDIA, Oct. 17, 2007-(MarketWatch)-The U.S. housing crunch appears likely to continue to impact the economy and capital markets “for some time yet,” Treasury Secretary Henry Paulson said Tuesday. Calling the housing decline...

Remodels Retreat with Sinking Housing Market

RISMEDIA, Oct. 17, 2007-(MCT)-As the housing market shrinks, it might seem unlikely that Naperville, IL contractor Kevin Krueger would find himself with plenty of work on his hands. After all, home sales and remodeling historically have gone hand in hand. As buyers...

Regional Spotlight: Maryland Foreclosures Fall in September

RISMEDIA, Oct. 17, 2007-(MCT)-Foreclosures were down in September, both nationally and in Maryland. But why is still uncertain. U.S. foreclosure activity experienced a fairly broad-based retreat in September, with 39 states reporting decreasing activity and national...
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