For minorities, pain is severe decade after housing peaked

WASHINGTON (AP) — When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans. A disproportionate number of minorities succumbed to subprime mortgages and foreclosures and lost their homes. Their collective loss of home equity and shift toward rental housing could […]

California Still Dominates Foreclosure Scene

IRVINE — California is still dominating the foreclosure scene. California cities made up seven of the top 10 metro areas with the highest rates of new foreclosures in the first six months of this year, according to data to be released Thursday by RealtyTrac, which tracks foreclosure properties. That’s unchanged from the same time last […]