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Housing

THE LATEST
Study: Defaults come when home equity hits 62 percent of purchase

The average homeowner doesn’t think about so-called “strategic default” on their mortgage until equity falls to 62 percent of the home’s value, a study from the Federal Reserve Board showed.

Homeowner gets foreclosure reprieve

Tyree Brown, the homeowner who complained that Wells Fargo Bank blindsided him with a foreclosure during loan modification negotiations, has won the first round in court.

Mortgage fraud initiative targets 123 in Southern Nevada

Representatives of the Southern Nevada Mortgage Fraud Task Force gathered Thursday morning at the Lloyd George U.S. Courthouse to announce the regional results of a nationwide takedown dubbed Operation Stolen Dreams.

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