Long Island’s delinquency rate is among the highest in New York, the data show.

A successful loan renegotiation caps interest rates for a family unable to meet the escalating cost of their original loan.

Even if lenders rework bad loans, without bankruptcy reform, many Americans will still be at risk of losing their homes.

Some small-business owners are in peril of foreclosure after their loans, once held by banks that have since failed, were bought by junk-loan buyers intent on collecting either the cash or the collateral.

Some small-business owners are in peril of foreclosure after their loans, once held by banks that have since failed, were bought by junk-loan buyers intent on collecting either the cash or the collateral.

The Obama administration said the $9.9 billion the companies would receive was meant to encourage mortgage companies to lower borrowers’ monthly bills.

New York City prosecutors brought few indictments as foreclosure swindles swept the city during the past decade.

Under Congressional pressure, the board that sets accounting standards is preparing to alter a rule in a way that will let banks report smaller losses.

Severe declines in real estate values in states with high foreclosures are reinvigorating buyers previously priced out of market; figures from National Association of Realtors show that sales of existing homes across country rose 5.1 percent in February 2009, with much of increase concentrated in foreclosed homes bought for less than $300,000; despite tougher borrowing restrictions, many families used to renting are discovering that they can afford to own; real estate agents in Arizona, Florida…

Filings for bankruptcy protection soared to the highest level since October 2005, when a federal law made bankruptcy more difficult and expensive.