“CLEVELAND (AP) — Just before dinner on a warm fall afternoon recently, Cecelia Smith mounted a riding mower, steered it into the empty lot beside her tidy yellow house in the city’s Slavic Village neighborhood, and roared into her weekly chore.”
Floridians stampede for new mortgage-reduction aid
“By 9 a.m. Thursday _ just 24 hours after the state began taking applications for a principal-reduction program _ more than 12,000 Floridians with underwater mortgages applied for the aid.”
Bank Analyst: Dodd-Frank killed low-income lending
“Congress enacted the Dodd-Frank Act three years ago to remedy lending excesses that took root before the financial meltdown.”
Home price indices show home values rising more than 10%
“The home price recovery continues, despite a moderate slowdown in August, driven by rising mortgage rates and declining home affordability, CoreLogic (CLGX) claims in a new report.”