California Democrats in the House of Representatives are calling for federal investigations into whether financial institutions broke any laws in their handling of foreclosures in the midst of the housing crisis.
An influential U.S. senator on Tuesday raised the prospect of an industry-wide moratorium on foreclosures as he pressed three banks accused of fraudulent practices to outline steps they are taking to fix their procedures.
Pending sales of previously owned homes rose to a four-month high in August, implying the housing market was regaining some stability after recent steep declines following the end of a home-buyer tax credit.
Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review.
Connecticut's attorney general on Friday called on state courts to freeze home foreclosures for 60 days after borrowers claimed that major lenders may be making misstatements in the foreclosure process.
A Maine state court judge reprimanded GMAC mortgage over its foreclosure practices and concluded that it submitted a company official's affidavit to support a foreclosure in bad faith.
Yet another reason to contemplate a trip to Sydney: the newish Bison Ceramics store, spotted a while back on Decor 8 (with images by Australian photographer Jillian Leiboff).
While in Seattle this summer, I made my annual visit to Inform Interiors and spotted the Tom Dixon marble-topped screw table. The table is stunning—a modern industrial take on the cafe table that is at once glamorous and utilitarian, practical yet luxurious. My encounter with the Tom Dixon table inspired me to round up a collection of high and low-priced favorite round tables—perfect for an eat-i...
The $3.2 billion merger between United Airlines and Continental Airlines, which creates the world's biggest carrier, could deal a big blow to rival carriers like American Airlines and US Airways as they would find it difficult to match its scale of operation.
BMW is voluntarily recalling 350,000 cars worldwide due to a possible brake problems that the world's biggest premium carmaker said have not caused any accidents.
General Motors Co posted an annual sales gain of 10.5 percent in September amid evidence that the U.S. auto market remained stuck in a slow-moving recovery at the start of the fourth quarter.
Top automakers finally have electric cars ready to purr into dealer showrooms. Now the question is whether the charging infrastructure and electricity supply are up to the task.
Europe's luxury carmakers fear no double-dip thanks to a fresh supply of wealthy customers in emerging markets who have just earned enough money to buy their first Mercedes-Benz or Ferrari.
Fallout over GMAC Mortgage's foreclosure practices deepened on Tuesday as Ohio's top law enforcement official asked courts in that state to review all foreclosure cases involving the Ally Financial Inc unit.
U.S. mortgage-backed securities issuance jumped in the first nine months of 2010 from the same period a year earlier as credit markets loosened up and investors' risk appetite improved
Automakers would have to achieve sharply higher fuel economy -- between 47 and 62 miles per gallon -- by 2025 under a preliminary plan released by the Obama administration
The initial public offering of U.S. automaker Chrysler is expected in the second half of 2011 and it will be in more than one tranche.
Fisker Automotive has begun to put the pieces in place for an eventual IPO and expects to begin delivering its plug-in hybrid Karma luxury sport coupes to customers in March
Top carmakers let cautious optimism creep into their outlooks at the Paris Auto Show on Thursday, pinning hopes on emerging markets to dispel dark clouds over major western economies.
Electric carmaker Tesla Motors will serve as a key supplier to Toyota Motor Corp under its agreement with the Japanese automaker to build an electric Rav4 SUV
An outcry over questionable foreclosures by GMAC Mortgage and other lenders is likely to hit some states more than others because of major differences in real estate law across the nation.
If you work in real estate, you undoubtedly do the following tasks all of the time, but did you know that you could be putting yourself in danger?
Newly opened on Melrose Place in LA and already causing a frisson in the design world: The Melrose Project, an antiques and art collaborative curated by mother/son team Kathleen Clements and Tommy Clements (see their rug designs at Woven Accents).
Italy's Fiat will close 2010 with a net profit, beating its break-even target, CEO Sergio Marchionne said, as the carmaker sees a brighter future after the industry crisis and prepares for possible tie-ups.
Volkswagen is slightly more optimistic on the global car market's outlook now and still expects to outperform the worldwide market, the German carmaker's sales chief Christian Klingler said.
Ford Motor Co could take its Lincoln brand to international markets within five years once it has re-established the long-neglected luxury label in the United States, Chief Executive Alan Mulally said.
General Motors' European arm Opel sees a chance it may return to profitability next year, excluding restructuring charges, and now expects a smaller 2010 loss, the unit's chief executive said.
Infiniti, the luxury brand of Japan's Nissan Motor Co Ltd, will hold talks with Daimler about sharing an existing Daimler car platform and its engines.
U.S. 30-year and 15-year mortgage rates either tied or reached record lows in the latest week, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
September auto sales are on track to top August levels by a small margin after a boost from end-summer sales events even as economic uncertainty crimps a fuller recovery for the industry.
