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World leaders expressed confidence in the global economic recovery on Friday despite fears about a debt default by Gulf emirate Dubai, while major banks played down their exposure to the debt.

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Randy Johnson, president of Independence Mortgage Co. in Newport Beach, answers a question from a reader whose bank wants to hold him liable for $200,000 after the sale of his home.

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Brent T. White, a University of Arizona law school professor, says that it’s in the homeowners’ best financial interest to stiff their lenders and that it’s not immoral to do so. Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. Don’t think you’re doing something morally wrong.

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Imagine yourself as one of the millions of so-called home mortgage loan slaves, scrimping on everything to make the repayment to the bank every month. And then one evening after dinner, sitting on your sofa watching a silly TV drama (one of the few entertainments you can afford), you got a call from a stranger making you an offer that promises to reduce your loan principal.

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If the cynics had been right a year ago, no one would be heading to Boscov’s today for a box of Godiva chocolates, a Snuggie, a Holiday Barbie, or anything at all.

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The unstable environment of a bad economy can leave homeowners dreading how low their home value will go. Over the summer, Zillow, an online real estate marketplace, revealed that people who purchased a home just two years prior, when most markets peaked, had the highest rates of negative equity . This occurs when the home value is less than the original mortgage amount, and is also known as an …

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I am a broker in Irvine, Calif. I recently sold a home which drew five offers in five days. In reviewing the buyers’ financials for all five offers, I noticed that most of their accounts showed a number of large deposits over the previous 30 days from overseas.

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Labour loves the idea, the Conservatives adore it and the Lib Dems find it irresistible. So why is co-operative housing still struggling to take off in the UK?

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Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans next month to raise minimum credit score requirements and limit the amount of overall debt that borrowers can carry relative to their incomes.

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Mortgage giant to raise credit score requirements, limit debt borrowers can carry relative to income.

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