Category Archives: Real Estate

Regulators shut Washington’s Horizon Bank

Regulators shut Horizon Bank in Bellingham, Wash., on Friday, the first bank closing of 2010. » Read more…

In Foreclosureville, USA, so much change

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Record year for foreclosures as unemployment rises

A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages. » Read more…

Obama tells banks: `We want our money back’

President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. “We want our money back,” he said. » Read more…

HUD acts to speed foreclosed properties resales

The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials said on Friday. » Read more…