According to Deutsche Bank AG analysts, losses from the subprime mortgage defaults may reach between $300 billion to $400 billion worldwide. (more…)

Countrywide Financial has offered to help refinance or restructure up to $16 billion worth of adjustable rate mortgages through 2008. (more…)

Think foreclosure numbers look bad now?  Mortgage foreclosures can take up to years due to Florida’s foreclosure laws. (more…)

The 700-unit Riviera Southshore condo projects on the Manatee River is facing foreclosure and the developer is still not commenting on how he plans to carry on with the project. (more…)

Citigroup announced a 57 percent profit drop for its third quarter, setting the stage for other big banks who are set to announce their earnings this week. (more…)

Foreclosures across the U.S. have nearly doubled last month compared to September of 2006 according to RealtyTrac Inc. (more…)

Mortgage defaults (or missed payments) were up 30% in September 2007 compared to September 2006 according to Mortgage Insurance Companies of America. (more…)