GO
Loading...

Foreclosures

More

  • Foreclosures Show Biggest 5-Year Drop as Process Slows Thursday, 16 Dec 2010 | 7:19 AM ET

    Foreclosures fell dramatically in November, but it was mostly  due to bank foreclosure freezes and the holiday slowdown, a report released Thursday said.

  • Bank of America Begins Refiling Foreclosures Friday, 10 Dec 2010 | 1:32 PM ET
    Bank of America

    Bank of America restarted about 16,000 home foreclosure cases across the United States earlier this week, a company spokesman said Friday.

  • As Shadow Inventory Grows, Time for More Subsidy? Monday, 22 Nov 2010 | 2:19 PM ET

    We know that there are investors out there looking to get into the market, and that's a good thing, especially since investors are almost exclusively all-cash these days. But there aren't enough investors to soak it all up, so we have to look to the demand side for regular, organic buyers.

  • State AG Robosigning Settlement Brewing Tuesday, 16 Nov 2010 | 7:06 PM ET
    Foreclosure Sign

    Sources on both sides of the 50-state attorney's general investigation into so-called "robo-signing" foreclosure practices tell me they are nearing a settlement.

  • Foreclosure Sign

    In California’s Simi Valley, 4,000 employees of Bank of America handle 50,000 calls a day about mortgages and homes in peril, the New York Times reports.

  • Foreclosure filings were reported on 332,172 properties in October, according to RealtyTrac. That's a 4 percent drop from the previous month and unchanged from October of 2009. While notices of default, the initial stage of the process, fell about 2 percent, the big drop was in bank repossessions, down 9 percent from the previous month.

  • Foreclosure activity dropped over 4 percent in October because of a foreclosure moratorium headed by mortgage lenders, according to a report by RealtyTrac released Thursday.

  • Jumbo Loans and the Move-Up Market Tuesday, 9 Nov 2010 | 4:15 PM ET
    home loans

    Big lenders like Chase, Wells Fargo and PHH have increased their jumbo volumes by a lot in just the first six months of this year.

  • At Legal Fringe, Empty Houses Go to the Needy Tuesday, 9 Nov 2010 | 10:25 AM ET
    Foreclosure

    Do-it-yourself house possession cases have been popping up all over the country — and these self-proclaimed owners play an odd role in a real-estate mess that never seems to end. The NYT reports.

  • Three F's in Housing Spell Trouble Monday, 8 Nov 2010 | 2:38 PM ET

    The combined Real Estate Owned inventory of the three rose 24 percent quarter to quarter and 93 percent year over year.

  • Foreclosure Moratoria Hit Home Sales Friday, 5 Nov 2010 | 12:30 PM ET

    The Pending Homes Sales Index fell 1.8 percent in September...the first indicator of the foreclosure scandal's impact on potential buyers.

  • Home Ownership at Lowest Level in a Decade Tuesday, 2 Nov 2010 | 11:34 AM ET

    The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.

  • Unexpected Cities See More Homes Go Back to the Bank Thursday, 28 Oct 2010 | 12:43 PM ET

    Foreclosure "actions" in Q3, which include anything from default notices to bank repossessions, rose in 65 percent of the nation's top 200 housing markets.

  • Bank of America and GMAC are firing up their formidable foreclosure machines again, after a brief pause, but homeowners are asking why lenders often balk at short sales. The New York Times reports.

  • Freddie Mac Says Foreclosure Pipeline Is Slowing Monday, 25 Oct 2010 | 4:22 AM ET

    The foreclosure process in the US is slowing, enabling delinquent borrowers to stay in their homes for months after they stop making mortgage payments, according to one of the largest lenders. The FT reports.

  • Foreclosures Profit Some Equity Firms Thursday, 21 Oct 2010 | 8:04 AM ET
    Foreclosure Sign

    With a surge in lawsuits against law firms specializing in foreclosures, a case in Mississippi is casting light on another aspect of the mortgage mess — the connection between Wall Street private equity firms and those law firms, often known as foreclosure mills.

  • Famous House From the Future in Foreclosure Wednesday, 20 Oct 2010 | 3:10 PM ET

    Things are kinda rough a mere 37 years after 1973, and now the home made famous in that film for its spaceship design is in foreclosure.

  • Administration Shifts Focus on Foreclosure-Gate Wednesday, 20 Oct 2010 | 10:51 AM ET
    Foreclosure sign

    As I suspected would happen, the Obama administration is changing the foreclosure conversation.