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Owning a home has become more than A 100 a month cheaper than renting, with a widening gap emerging, research suggests.Read More

Spain's brutal unemployment rate soared to nearly 23 percent Friday and closed in on 50 percent for those under age 25, leaving more than 5 million people - or almost one out of every four - out of work as the country slides toward recession.Read More

Various statistics prove that regulators are allowing hopelessly insolvent banks to remain open. The banks closed so far during 2012 have been in much worse shape than those closed during 2011.Read More

Until today, the State of Tennessee, had seemed isolated from the banking crisis. For almost a decade, there were no banking failures in Tennessee, with the last one occurring on November 8, 2002. Tennessee's luck came to an abrupt halt today with the closing of two banks - Read More

Minnesota, which had only two banking failures during 2011, got off to a fast start for 2012 with the closing of a small locally owned community bank.Read More

First Guaranty Bank and Trust Company of Jacksonville, Florida, the oldest bank in Jacksonville, was closed today by state regulators. First Guaranty Band and Trust was a family owned bank with a 62 year history. Inexplicably, according to the Bank's website ... (more)Read More

Tennessee Commerce Bank, Franklin, TN, with $1.2 billion dollars in assets, was closed today by state regulators. The failure of Tennessee Commerce is the largest banking failure of the new year and comes in a state that is a stranger to bank failures. Prior to today, the last banking failure in Tennessee was on...Read More

The Obama administration is extending its home mortgage assistance program for a year, and expanding the number of homeowners who could be eligible for it.Read More

Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.Attorney General Eric Holder told a news conference the team will benefit from existing probes and disclosed that .....Read More

A Chesapeake woman has been sentenced to 4A1 2 years in prison after pleading guilty to operating a fraudulent scheme to rescue mortgage holders from foreclosure.Read More