Real Estate, Foreclosure | featured news

Officials in 49 states launch foreclosure probe

Officials in 49 states launch foreclosure probe

Officials in 49 states have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners.

 

White House rejects foreclosure moratorium

White House rejects foreclosure moratorium

The White House Tuesday rejected calls for a broad moratorium on home foreclosures, saying it feared such a step could harm the U.S. housing market and hinder a housing recovery.

 

Lawmakers Struggle to Stem Foreclosure Fiasco

Congressional lawmakers scramble to come up with quick fix to the foreclosure fiasco that has threatened the economic recovery and thrown a monkey wrench into their re-election campaigns.Up to 40 States Plan Foreclosure Data Inquiry

 

Up to 40 states plan inquiry into foreclosure data

Up to 40 states plan inquiry into foreclosure data

The attorneys general of up to 40 states plan to announce soon a joint investigation into banks' use of flawed foreclosure paperwork.

 

BofA halts foreclosures in all 50 states

BofA halts foreclosures in all 50 states

Bank of America Corp is halting foreclosures and sales of foreclosed properties in all 50 states pending a review of its internal processes, the bank said on Friday.

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Obama will not sign foreclosure bill: White House

President Barack Obama will not sign legislation that could have made it more difficult for homeowners to challenge unjustified foreclosure actions, the White House said on Thursday.

 

Bank of America Freezing Foreclosures

Bank of America, the country's largest mortgage lender by assets, said on Friday that it was reviewing documents in all of its pending foreclosure cases to evaluate if there were errors made.

 

US homes lost to foreclosure up 25 pct on year

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

 

High-Speed Courts Offer Answer to Foreclosures

Florida has set up foreclosures-only courts to reduce the state’s huge backlog of cases, but borrowers’ lawyers are critical of the process.

 

Foreclosures Fall, but Rise in Delinquency Causes Concern

Foreclosures Fall, but Rise in Delinquency Causes Concern

Foreclosures could head higher in coming months, as the percentage of borrowers at least one payment behind resumed its rise, new data suggest.

Senh: I'll take this as good news, especially with the bad news from a couple days ago regarding existing home sales.

 

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