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Are homeowners really skipping out on their mortgages to spend at...

The case is now famous. The homeowner had applied for the Home Affordable Mortgage Program, or HAMP, an Obama administration initiative to give distressed and tapped-out borrowers lower monthly payments. But this “HAMPlicant,” the writer on the blog Calculated Risk noted, had given up on a $1,880 a month mortgage and spent hundreds of dollars instead at a spa, tanning salon, gourmet grocery store and liquor store, capping it all off with $1,700 in charges to mall stores from Baby Gap to Best Buy. She's what bloggers are calling a "foreclosure queen."

Wall Street Journal: Make like a bank and just walk away...

Of all the interesting tidbits in Brett Arends’ article in The Wall Street Journal about how to decide whether to walk away from your...

Program for first-time homebuyers ripe for abuse, housing advocates charge

When U.S. Housing and Urban Development Secretary Shaun Donovan announced last week that first-time homebuyers soon will be permitted to turn their $8,000 tax credit for purchasing a property into downpayment money, he called the development “exciting” and “a real win for everyone.” But his enthusiasm isn’t universal.

Foreclosure Crisis Will Linger, Aurora Residents Told

The Arapahoe County Assessor's Office employs Cherice Kjosness. But she has spent a lot of time lately working around agents from the FBI and...