BOWIE, Md. — In the spring of 2007, a few months after Osita Otigba and his wife, Peace, moved to Balk Hill, a new subdivision then being busily developed in this picturesque Washington, D.C., suburb, they organized their cul-de-sac's first-ever block party.
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Foreclosure rates in Merced have decreased for the month of November over the same period last year,

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Kweku Adoboli, the former UBS AG (UBSN) trader who is accused of causing the largest loss from unauthorized trading in British history, pleaded not guilty to fraud and false accounting.

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States have until Feb. 3 to decide whether to accept a proposed nationwide settlement of a foreclosure probe with banks including JPMorgan Chase & Co. and Citigroup Inc. that may total as much as $25 billion.

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A new housing report shows the foreclosure rate is on the rise in the Lehigh Valley. Real estate data firm Corelogic said the rate in the Allentown-Bethlehem-Easton area is at 3.7 percent. That's up almost four-tenths of a point from last year, and it's higher than the national foreclosure rate, which sits at 3.5 percent.

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