Lenders, Homeowner | featured news

May sees pickup in homes facing foreclosure risk

Lenders initiated foreclosure proceedings against more U.S. homeowners in May, setting the stage for increases in home repossessions and short sales - scenarios that could further weigh down home values in coming months....

 

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.

 

Mortgage Relief That's No Help To Homeowners

The case of Carrington Mortgage shows how some loan modifications benefit only the lender.

 

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