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Though I had been careless with the plastic card, I am lucky enough to survive. I had long given up hope of securing a mortgage for a new home. I was ill educated and did not know the consequences of having a bad credit history.

Purchasing things I never required was my forte. I too am one of the countless abusers of credit cards. But fortunately I have friends who have provided me with valuable advise. They have helped me to find certain non-institutional financers who will arrange a mortgage for my house despite my bad credit history.

This is not the end of the story. Here is the icing on the cake. If I repay back my mortgage on time, I’ll be improving my credit history as well. Is this not mortgage with dual benefit?

Washington policy makers have taken aim at one of the main contributing causes to the housing crisis: inflated appraisals.

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Citigroup reached an agreement with Democratic lawmakers Thursday on legislation that would allow judges to reduce mortgage debt for individuals who have filed for bankruptcy.

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There are many ways to spend $800 billion to revive the economy. In recent days, President-elect Barack Obama has ticked off many of them: invest in infrastructure projects, help states pay for Medicaid, cut taxes on the middle class, expand use of renewable energy.

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Mortgage giants Fannie Mae and Freddie Mac have extended a moratorium on foreclosure suspensions for another three weeks, directing the mortgage servicers they work with to postpone any foreclosure or eviction proceedings through January 31.

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The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.

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Mortgage rates fell to another all-time low, declining for the tenth consecutive week.

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The number of homes under contract to be sold fell 4% in November, according to a report released Tuesday.

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Q. Were you wrong to be so bullish?

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