Housing Crisis on Yahoo! News Photos

Map shows mortgages past due or in foreclosure at the end of ...

(AP) — Thu, 19 Nov 2009 21:44:40 GMT

(AP) - Map shows mortgages past due or in foreclosure at the end of third quarter

FILE - In this May 9, 2008 file photo, a foreclosure sign stands ...

(AP) — Thu, 19 Nov 2009 15:36:54 GMT

(AP) - FILE - In this May 9, 2008 file photo, a foreclosure sign stands outside an existing home on the market in Denver. More than 14 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of September, a record-high for the ninth straight quarter and a problem that could threaten the economic recovery. (AP Photo/David Zalubowski, file)

Homeowners line up at the Cow Palace in Daly City, Calif., Friday, ...

(AP) — Tue, 17 Nov 2009 05:45:47 GMT

(AP) - Homeowners line up at the Cow Palace in Daly City, Calif., Friday, Oct. 16, 2009. Thousands of homeowners turned out to an event sponsored by NACA, a Boston-based non-profit helping people to re-structure high risk loans. The pace at which people fell behind on their mortgages slowed during the summer for the third quarter in a row, but the overall delinquency rate hit another record. (AP Photo/Marcio Jose Sanchez)

In this Oct. 27, 2009 photo, sign installer Kenny Pichard from ...

(AP) — Fri, 13 Nov 2009 19:22:55 GMT

(AP) - In this Oct. 27, 2009 photo, sign installer Kenny Pichard from Apple Valley, Calif., sets a new street sign pole at the newly finished SheaHomes townhomes at the Victoria Gardens development in Rancho Cucamonga, Calif. The chief economist for the National Association of Realtors said Friday, Nov. 13, 2009, home prices will grow 4 percent next year and home resales will keep rising as the housing market continues to recover.(AP Photo/Damian Dovarganes)

The Rev. Jesse Jackson Sr. talks with some 85 ministers from ...

(AP) — Fri, 13 Nov 2009 00:42:57 GMT

(AP) - The Rev. Jesse Jackson Sr. talks with some 85 ministers from the greater Los Angeles and San Francisco Bay areas, asking them and their congregations to urge banks and other institutions to help people avoid foreclosures, in Los Angeles Thursday, Nov. 12, 2009. Jackson called his campaign Stimulus Part II, noting that home prices are expected to drop further in 2010, unemployment will continue to rise, as will the rate of foreclosures. (AP Photo/Reed Saxon)

The Rev. Jesse Jackson Sr. talks with some 85 ministers from ...

(AP) — Fri, 13 Nov 2009 00:42:01 GMT

The Rev. Jesse Jackson Sr., left, talks with some 85 ministers ...

(AP) — Fri, 13 Nov 2009 00:39:44 GMT

(AP) - The Rev. Jesse Jackson Sr., left, talks with some 85 ministers from the greater Los Angeles and San Francisco Bay areas, asking them and their congregations to urge banks and other institutions to help people avoid foreclosures, in Los Angeles Thursday, Nov. 12, 2009. Jackson called his campaign Stimulus Part II, noting that home prices are expected to drop further in 2010, unemployment will continue to rise, as will the rate of foreclosures. (AP Photo/Reed Saxon)

A sign maker reveals the new Real Living yard sign and brand ...

(AP) — Wed, 11 Nov 2009 20:56:43 GMT

(AP) - A sign maker reveals the new Real Living yard sign and brand that will replace the GMAC Real Estate brand and its thousands of for sale signs throughout the United States. The Real Living residential real estate franchise will now have annual home sales of more than $20 billion. (Photo: Business Wire)

In this Oct. 16, 2009 photo, a For Sale sign targets a home ...

(AP) — Wed, 11 Nov 2009 13:53:07 GMT

(AP) - In this Oct. 16, 2009 photo, a For Sale sign targets a home for sale in Mayfield Hts., Ohio. The Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report said Wednesday, Nov. 11, 2009, but most of those borrowers are on temporary trial plans that have yet to be made final.(AP Photo/Amy Sancetta)

FILE - In this Oct. 16, 2009 file photo, homeowners get help ...

(AP) — Tue, 10 Nov 2009 18:56:30 GMT

(AP) - FILE - In this Oct. 16, 2009 file photo, homeowners get help from a counselor at the Cow Palace in Daly City, Calif. Thousands of home owners turned out to an event sponsored by Neighborhood Assistance Corporation of America (NACA), a Boston-based non-profit helping people to re-structure high risk loans. After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report said Tuesday, Nov. 10, 2009.(AP Photo/Marcio Jose Sanchez, file)

In this Oct. 29, 2009 photo, a Brooklyn brownstone building ...

(AP) — Tue, 10 Nov 2009 15:53:42 GMT

(AP) - In this Oct. 29, 2009 photo, a Brooklyn brownstone building is for sale by its owner in New York. A real estate group said Tuesday, Nov. 10, 2009, home prices fell in eight out of every 10 U.S. cities in the third quarter of this year as heavily discounted distressed sales made up 30 percent of all deals.(AP Photo/Mark Lennihan)

Senate Banking Committee Chairman Christopher Dodd leaves a ...

(Reuters) — Tue, 10 Nov 2009 10:48:41 GMT

(Reuters) - Senate Banking Committee Chairman Christopher Dodd leaves a news conference about the mortgage crisis on Capitol Hill in Washington in this September 16, 2008 file photo. Dodd will unveil long-awaited draft legislation on financial regulation reform on Tuesday, his office said on Monday. REUTERS/Jim Young

FILE - In this July 11, 2008 file photo, a sign in front of ...

(AP) — Mon, 09 Nov 2009 22:47:08 GMT

(AP) - FILE - In this July 11, 2008 file photo, a sign in front of the Fannie Mae headquarters in Washington is seen. Fannie Mae on Monday, Nov. 9, 2009 said it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. (AP Photo/Manuel Balce Ceneta, file)

FILE - In this July 13, 2008 file photo, the Freddie Mac's ...

(AP) — Sat, 07 Nov 2009 00:21:50 GMT

(AP) - FILE - In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va. Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion. (AP Photo/Pablo Martinez Monsivais, FILE)

A couple listens as a representative from Freddie Mac talks ...

(Reuters) — Fri, 06 Nov 2009 22:57:05 GMT

(Reuters) - A couple listens as a representative from Freddie Mac talks to them about a loan modification for their home at the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009. REUTERS/Jessica Rinaldi

FILE- In this July 11, 2008 file photo, a sign in front of the ...

(AP) — Fri, 06 Nov 2009 00:30:11 GMT

(AP) - FILE- In this July 11, 2008 file photo, a sign in front of the Fannie Mae headquarters in Washington is seen. Seized by federal regulators 14 months ago, the problems at Fannie Mae and sibling company Freddie Mac have proven far worse than most experts had foreseen. Fannie Mae's request Thursday, Nov. 5, 2009, will bring the tab for rescuing both companies to about $111 billion. The government has promised up to $400 billion in assistance. (AP Photo/Manuel Balce Ceneta, File)

The Fannie Mae headquarters in Washington, DC, 2008. US state-controlled ...

(AFP/File) — Thu, 05 Nov 2009 23:53:16 GMT

(AFP/File) - The Fannie Mae headquarters in Washington, DC, 2008. US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds.(AFP/File/Karen Bleier)

A woman takes a brochure detailing how homeowners can make their ...

(Reuters) — Thu, 05 Nov 2009 22:18:22 GMT

(Reuters) - A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth set up at the Housing Rescue Fair, part of the National Urban League's Economic Empowerment Tour, in Dallas, Texas June 13, 2009. REUTERS/Jessica Rinaldi

FILE - In this May 2, 2007 file photo, the Fannie Mae building ...

(AP) — Thu, 05 Nov 2009 17:56:11 GMT

(AP) - FILE - In this May 2, 2007 file photo, the Fannie Mae building in Washington is seen. The government-controlled company, through its new 'Deed for Lease' program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that. (AP Photo/Manuel Balce Ceneta, File)

Federal Reserve Board Chairman Ben Bernanke. The Fed has said ...

(AFP/Getty Images/File) — Thu, 05 Nov 2009 01:55:27 GMT

(AFP/Getty Images/File) - Federal Reserve Board Chairman Ben Bernanke. The Fed has said it would buy 1.25 trillion dollars of government agency mortgage-backed securities as previously announced.(AFP/Getty Images/File/Mark Wilson)

An estate agents window display in Epping, 2008. Home prices ...

(AFP/File) — Tue, 03 Nov 2009 13:43:35 GMT

(AFP/File) - An estate agents window display in Epping, 2008. Home prices rose 1.2 percent in October from September, marking the fourth straight monthly gain, a survey from home-loans provider Halifax showed.(AFP/File/Shaun Curry)

U.S. manufacturing activity hit its highest level in 3-1/2 years ...

(Reuters) — Mon, 02 Nov 2009 21:25:47 GMT

(Reuters) - U.S. manufacturing activity hit its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, allaying fears the economy's budding recovery would falter. REUTERS/Graphic

Chart shows seasonally adjusted annual rate of pending U.S. ...

(AP) — Mon, 02 Nov 2009 19:00:23 GMT

(AP) - Chart shows seasonally adjusted annual rate of pending U.S. home sales

Traders work on the floor of the New York Stock Exchange, November ...

(Reuters) — Mon, 02 Nov 2009 17:12:40 GMT

(Reuters) - Traders work on the floor of the New York Stock Exchange, November 2, 2009. U.S. stocks rose on Monday after U.S. factory activity grew more than forecast in October, alongside improved global manufacturing, and pending home sales increased unexpectedly. REUTERS/Brendan McDermid (UNITED STATES BUSINESS)

Traders work on the floor of the New York Stock Exchange, November ...

(Reuters) — Mon, 02 Nov 2009 17:11:29 GMT

Traders work on the floor of the New York Stock Exchange, November ...

(Reuters) — Mon, 02 Nov 2009 16:59:16 GMT

Traders work on the floor of the New York Stock Exchange, November ...

(Reuters) — Mon, 02 Nov 2009 16:58:02 GMT

Traders gather at the post that trades CIT Group Inc., before ...

(Reuters) — Mon, 02 Nov 2009 16:48:02 GMT

(Reuters) - Traders gather at the post that trades CIT Group Inc., before the opening bell at the New York Stock Exchange, November 2, 2009. U.S. stocks rose on Monday after U.S. factory activity grew more than forecast in October, alongside improved global manufacturing, and pending home sales increased unexpectedly. REUTERS/Brendan McDermid (UNITED STATES BUSINESS)

A morning commuter walks past the New York Stock Exchange, November ...

(Reuters) — Mon, 02 Nov 2009 16:42:28 GMT

(Reuters) - A morning commuter walks past the New York Stock Exchange, November 2, 2009. U.S. stocks rose on Monday after U.S. factory activity grew more than forecast in October, alongside improved global manufacturing, and pending home sales increased unexpectedly. REUTERS/Brendan McDermid (UNITED STATES BUSINESS)

FILE - In this March 27, 2009, file photo Chief executives ...

(AP) — Sat, 31 Oct 2009 00:35:06 GMT

(AP) - FILE - In this March 27, 2009, file photo Chief executives leave the White House in Washington following a with President Barack Obama. From left, Ronald E. Logue, Chief Executive Officer of State Street Corporation; Freddie Mac Chief Executive Officer John Koskinen; Rick Waddell, President and Chief executive officer Northern Trust; Banker's Association President and Chief Executive Ed Yingling, Celebrities Oprah Winfrey, George Clooney, Denzel Washington and heavyweights from high-tech industries were also among those landing visits with Obama or others at the White House during his first months in office. (AP Photo/Ron Edmonds, File)

A pre-foreclosure sign is displayed outside a home on October ...

(AFP/Getty Images/File) — Wed, 28 Oct 2009 20:30:06 GMT

(AFP/Getty Images/File) - A pre-foreclosure sign is displayed outside a home on October 1, in Miami, Florida. US new home sales fell unexpectedly in September after five consecutive monthly increases, government data showed Wednesday, adding to concerns over the pace of economic recovery.(AFP/Getty Images/File/Joe Raedle)

Workers walk along the roof of an under construction house in ...

(AFP/File) — Wed, 28 Oct 2009 20:30:06 GMT

(AFP/File) - Workers walk along the roof of an under construction house in Centreville, Virginia. US new home sales fell unexpectedly in September after five consecutive monthly increases, government data showed Wednesday, adding to concerns over the pace of economic recovery.(AFP/File/Paul J.Richards)

Chart shows new home sales for the past 13 months, seasonally ...

(AP) — Wed, 28 Oct 2009 18:40:12 GMT

(AP) - Chart shows new home sales for the past 13 months, seasonally adjusted

Workers walk along the roof of an under construction house in ...

(AFP/File) — Wed, 28 Oct 2009 17:44:11 GMT

(AFP/File) - Workers walk along the roof of an under construction house in Centreville, 2005. US new home sales fell unexpectedly in September after five consecutive monthly increases, government data showed Wednesday, adding to concerns over the pace of economic recovery.(AFP/File/Paul J.Richards)

Prime Minister Gordon Brown leaves 10 Downing Street in London ...

(AFP/File) — Wed, 28 Oct 2009 08:06:01 GMT

(AFP/File) - Prime Minister Gordon Brown leaves 10 Downing Street in London on October 14. MPs will be banned from claiming mortgage interest payments as part of a sweeping overhaul of their expenses system in the wake of a damaging scandal, reports said.(AFP/File/Leon Neal)

Prime Minister Gordon Brown leaves 10 Downing Street in London ...

(AFP/File) — Tue, 27 Oct 2009 23:24:38 GMT

(AFP/File) - Prime Minister Gordon Brown leaves 10 Downing Street in London on October 14. Lawmakers will be banned from claiming mortgage interest payments as part of a sweeping overhaul of their expenses system in the wake of a damaging scandal, reports said late Tuesday.(AFP/File/Leon Neal)

A home sold by KB Home displays a "sold" sign out ...

(Reuters) — Tue, 27 Oct 2009 19:15:46 GMT

(Reuters) - A home sold by KB Home displays a "sold" sign out front in Golden, Colorado October 27, 2009. U.S. home prices in August rose for the fourth straight month, surpassing forecasts and providing the latest sign that the hard-hit housing market is stabilizing after a three-year slump, according to a report on October 27, 2009. REUTERS/Rick Wilking (UNITED STATES BUSINESS IMAGES OF THE DAY)

A home sold by KB Home displays a "sold" sign out ...

(Reuters) — Tue, 27 Oct 2009 18:59:50 GMT

A home sold by KB Home displays a "sold" sign out ...

(Reuters) — Tue, 27 Oct 2009 18:56:12 GMT

A home is seen for sale in the Washington suburb of Takoma Park, ...

(Reuters) — Tue, 27 Oct 2009 16:54:41 GMT

(Reuters) - A home is seen for sale in the Washington suburb of Takoma Park, Maryland, October 27, 2009. The Standard & Poor's Case/Shiller report on United States house prices released October 27 showed a fourth month of gains in August. Home prices, battered by a severe recession in housing, appeared to be finding a footing with the index of prices in 20 cities rose 1.2 percent, outpacing median forecasts of economists polled by Reuters. REUTERS/Jim Bourg (UNITED STATES BUSINESS)

A home with a sign indicating that it is under contract to be ...

(Reuters) — Tue, 27 Oct 2009 16:53:31 GMT

(Reuters) - A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington, October 27, 2009. U.S. home prices rose for the fourth straight month in August, providing evidence the hard-hit U.S. housing market is stabilizing. The Standard & Poor's/Case-Shiller report on Tuesday showed a composite index of home prices in 20 metropolitan areas rose 1.2 percent in August from July, well above the estimate of a 0.7 percent rise found in a Reuters poll. REUTERS/Jim Bourg (UNITED STATES BUSINESS)

A 'For Sale' sign is displayed outside a home on October ...

(AFP/Getty Images) — Tue, 27 Oct 2009 14:43:31 GMT

(AFP/Getty Images) - A 'For Sale' sign is displayed outside a home on October 1 in Miami, Florida. Home prices in major US cities fell in August but posted the smallest drop in 19 months, a survey has showed, signaling the housing slump at the center of financial crisis is stabilizing.(AFP/Getty Images/Joe Raedle)

A high priced home sits for sale near St. Charles, Illinois ...

(Reuters) — Tue, 27 Oct 2009 14:29:12 GMT

(Reuters) - A high priced home sits for sale near St. Charles, Illinois in this September 24, 2009 file photo. U.S. home prices rose for the fourth straight month in August and shoppers bought more last week, providing evidence the hard-hit housing market and consumers were stabilizing. The Standard & Poor's/Case-Shiller report on October 27, 2009 showed a composite index of home prices in 20 metropolitan areas rose 1.2 percent in August from July, well above the estimate of a 0.7 percent rise found in a Reuters poll. The increase, however, was less than the 1.6 percent seen in July. REUTERS/John Gress/Files (UNITED STATES BUSINESS)

A "for sale" sign sits outside a house in Miami Beach, ...

(Reuters) — Tue, 27 Oct 2009 14:26:54 GMT

(Reuters) - A "for sale" sign sits outside a house in Miami Beach, Florida, in this October 22, 2009 file photo. U.S. home prices rose for the fourth straight month in August and shoppers bought more last week, providing evidence the hard-hit housing market and consumers were stabilizing. The Standard & Poor's/Case-Shiller report on October 27, 2009 showed a composite index of home prices in 20 metropolitan areas rose 1.2 percent in August from July, well above the estimate of a 0.7 percent rise found in a Reuters poll. The increase, however, was less than the 1.6 percent seen in July. REUTERS/Carlos Barria/Files (UNITED STATES POLITICS BUSINESS)

A woman hands out "Loan Modification Scam Alert" campaign ...

(Reuters) — Mon, 26 Oct 2009 20:02:42 GMT

(Reuters) - A woman hands out "Loan Modification Scam Alert" campaign leaflets at the launch of a national public education campaign, designed to help homeowners protect themselves against home loan modification scams, outside City Hall in Los Angeles, October 26, 2009. One American industry is booming amid the slump and job losses: mortgage rescue scams that prey on homeowners in financial straits. To match feature USA-HOUSING/SCAMS REUTERS/Lucy Nicholson (UNITED STATES BUSINESS)

A woman hands out "Loan Modification Scam Alert" campaign ...

(Reuters) — Mon, 26 Oct 2009 20:01:30 GMT

A man views "Loan Modification Scam Alert" campaign ...

(Reuters) — Mon, 26 Oct 2009 20:01:27 GMT

(Reuters) - A man views "Loan Modification Scam Alert" campaign leaflets at the launch of a national public education campaign, designed to help homeowners protect themselves against home loan modification scams, outside City Hall in Los Angeles, October 26, 2009. One American industry is booming amid the slump and job losses: mortgage rescue scams that prey on homeowners in financial straits. To match feature USA-HOUSING/SCAMS REUTERS/Lucy Nicholson (UNITED STATES BUSINESS)

A for sale sign is displayed outside a home on October 1, 2009 ...

(AFP/Getty Images/File) — Fri, 23 Oct 2009 18:38:30 GMT

(AFP/Getty Images/File) - A for sale sign is displayed outside a home on October 1, 2009 in Miami, Florida. Existing US home sales surged 9.4 percent in September as consumers scrambled to take advantage of an expiring tax credit for first-time homebuyers, industry figures showed Friday.(AFP/Getty Images/File/Joe Raedle)

A "for sale" sign stands outside an existing home ...

(AFP/Getty Images/File) — Fri, 23 Oct 2009 18:38:30 GMT

(AFP/Getty Images/File) - A "for sale" sign stands outside an existing home in September 2009 in Pasadena, California. Existing US home sales surged 9.4 percent in September as consumers scrambled to take advantage of an expiring tax credit for first-time homebuyers, industry figures showed Friday.(AFP/Getty Images/File/David Mcnew)

A "sold" sign stands outside a house in Pasadena, ...

(AFP/Getty Images) — Fri, 23 Oct 2009 14:45:58 GMT

(AFP/Getty Images) - A "sold" sign stands outside a house in Pasadena, California. Existing US home sales surged 9.4% in September as consumers scrambled to take advantage of an expiring tax credit for first-time homebuyers, industry figures have showed.(AFP/Getty Images/David Mcnew)