Foreclosures
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WASHINGTON, April 4- A federal government watchdog faulted U.S. bank regulators for the poor performance of third-party consultants reviewing more than 4 million home foreclosures by mortgage servicers in a botched process that was halted earlier this year.
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WASHINGTON, April 4- A federal government watchdog faulted U.S. bank regulators for the poor performance of third-party consultants reviewing more than 4 million home foreclosures by mortgage servicers in a botched process that was halted earlier this year.
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Florida tops the list of zombie properties with 90,556 vacant homes in foreclosure, according to a foreclosure inventory released on Thursday by RealtyTrac, a real estate information company in Irvine, California. Illinois and California ranked a distant second and third with 31,668 and 28,821 zombie properties respectively on the list.
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TALLAHASSEE, Fla.-- A bill to speed up Florida's residential mortgage foreclosure process is headed to the state House floor. Kathleen Passidomo, R- Naples, says her bill is aimed at unclogging the foreclosure process in a state that's been swamped by foreclosures. The bill proposes several changes to the procedures governing foreclosures in Florida.
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CNBC real estate reporter Diana Olick with what to expect in the housing sector this spring.
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WASHINGTON, March 27- The number of new U.S. foreclosures initiated in the fourth quarter of 2012 fell to the lowest level since officials began tracking them during the financial crisis, a government report said on Wednesday.
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WASHINGTON, March 27- The number of new U.S. foreclosures initiated in the fourth quarter of 2012 fell to the lowest level since officials began tracking them during the financial crisis, a government report said on Wednesday.
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The U.S. housing market will see no surge at the start of spring, as fewer buyers signed contracts to purchase existing homes in February.
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The Federal Reserve and the Office of the Comptroller of the Currency reached settlements worth about $9.3 billion with 13 banks earlier this year to end case-by-case reviews of whether they had wrongly seized homes.
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David Stevens, Mortgage Bankers Association CEO, discusses how credit flow will impact home sales this Spring.
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Foreclosure rates soared ten percent last month. Steven Hilton, Meritage Homes chairman & CEO, provides perspective on the housing market, and where he sees future growth areas.
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CNBC's Rick Santelli talks with Glenn Schultz, Performance Trust Mortgage Analytics about the Fed and mortgage backed securities.
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CNBC's Diana Olick discusses the challenges facing America's housing industry, with Kevin Watters, Chase CEO of mortgage banking.
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Bank repossessions fell 11 percent in February from January, and foreclosure starts jumped 10 percent, reports CNBC's Diana Olick.
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CNBC's Diana Olick reports that states where a judge is involved in the foreclosure process are lagging in the housing recovery, because of incredible backlogs.
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CNBC's Diana Olick looks at today's mortgage application numbers. A drop in the rate of the 30-year fixed sent mortgage apps higher, she reports.
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U.S. home prices rose as more homeowners turned to distressed sales rather than foreclosure, in another sign the recovery in the housing market is gaining traction, data from CoreLogic showed on Tuesday.
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In October 2007, the housing market was in the direct path of a massive foreclosure storm. Today, it is still picking up the pieces.
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Insight on the big stories of the day, with CNBC's Michelle Caruso-Cabrera & Tyler Mathisen.
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There are so few homes left today that prices for those that are available are soaring, reports CNBC's Diana Olick. Suddenly, it's a seller's market, she says.
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Borrowers whose homes were foreclosed on during the U.S. housing crisis will start receiving payments in April from a $3.6 billion fund under a previously announced settlement with 13 banks, regulators said on Thursday.