Foreclosure, Homeowner | featured news

Taxpayers will ease banks' costs in mortgage deal

Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many homeowners....

 

10 banks agree to pay $8.5B for foreclosure abuse

Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

 

Report: Some lose homes over as little as $400

The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group....

 

Wrongful-Foreclosure Compensation For Homeowners Could Be As Low As $500

Foreclosure Settlement

For homeowners trying to get reparations in the wake of the foreclosure crisis, it's been a hit-or-miss experience. This week, another group of Americans bruised in the housing bust will get payouts from the banks, money meant to help them get on their feet again, but the cash may prove disappointing for many.

 

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....

 

Bank of America to reduce principal for up to 200,000 homeowners

Bank of America said Friday it would reduce by about $100,000 the amount owed by as many as 200,000 underwater homeowners as part of the recently announced government foreclosure settlement with top mortgage servicers.

 

Fewer Americans at risk of foreclosure in Q4.

The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work.

Senh: It it could just be that most Americans have already been thrown out of their homes and are now renting.

 

U.S. seals mortgage settlement with top banks

Mortgage Settlement

The U.S. government said on Thursday that the biggest U.S. banks will provide $25 billion in relief to distressed homeowners and states, as officials hold lenders responsible for taking illegal shortcuts during foreclosures and other mortgage paperwork.

 

Push to Avert Foreclosures Hits Court Logjam

Court hearings meant to protect New York homeowners from foreclosure are hopelessly slowed by endless paperwork and requests for additional information.

 

Old mortgages rise from dead, haunt homeowners

More and more, homeowners say that mortgages they thought were dead and buried are springing back to life, sometimes haunting them all the way into foreclosure.

Senh: The attorney general should go after banks who refuse to close their customers' accounts by adding $1 to an account that should have been closed.

 

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