US homes lost to foreclosure up 25 pct on year

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis...

FDIC's Bair warns of government "exposure" in mortgages

A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market...

Gov't launches plan to help "underwater" borrowers

The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners....