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Foreclosures

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  • Fannie Mae Cited for Failing to Stop Robo-Signing Friday, 23 Sep 2011 | 9:46 AM ET

    Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog.

  • Athletes With Foreclosed Homes Thursday, 22 Sep 2011 | 12:15 PM ET
    The list of athletes who lost huge sums of money after their playing days ended is long. Evander Holyfield may have been fearsome in the ring, but that didn’t stop him from nearly losing his house in 2008. Jose Canseco was a force to be reckoned with when he played baseball in the major league, but after his steroid use was made public the money dried up and he had to resort to reality TV gigs to keep the bills paid.For many athletes who lose their former earning power, it’s not just the paychec

    Many athletes who lost their earning power couldn’t keep up with their mortgage payments and were faced with foreclosure. Click to see the list of athletes with foreclosed homes.

  • Mortgage Default Filings Surge  Thursday, 15 Sep 2011 | 2:04 PM ET

    CNBC's Diana Olick reports on the messy housing market and says mortgage default filings surge as banks accelerate the foreclosure process.

  • Flood of Foreclosures Heading to Housing Market Thursday, 15 Sep 2011 | 10:40 AM ET
    Foreclosure

    New foreclosure starts rose sharply in August, signaling a slew of foreclosed properties will be dumped on the already bloated housing market in early 2012.

  • Fannie's Mae's Foreclosure Approach  Wednesday, 14 Sep 2011 | 4:44 PM ET

    CNBC's Diana Olick has the details of Fannie Mae's resale strategy to steady home prices around foreclosures, as well as minimizing losses on them.

  • Delivering Alpha: Homes For Sale  Wednesday, 14 Sep 2011 | 3:50 PM ET

    CNBC's Carl Quintanilla moderates a panel on real estate. Many real estate investors got torched during the financial crisis. Is now the time to come back to real estate, with Bill Ackman, Pershing Square Capital Management LP founder and CEO; Barry Sternlicht, Starwood Capital Group chairman & CEO; and Sam Zell, Equity Group Investments chairman.

  • Fannie & the Foreclosures  Wednesday, 14 Sep 2011 | 10:50 AM ET

    CNBC's Diana Olick has the story on the growing number of borrowers falling behind on their mortgages for the first time.

  • Huge Surge in Bank of America Foreclosures Tuesday, 13 Sep 2011 | 12:29 PM ET
    Bank of America flag

    Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month.

  • A Steal in Malibu at $22 Million Monday, 12 Sep 2011 | 4:01 PM ET

    Even on Billionaire's Beach in Malibu, you can't escape the economy.

  • US Banks Offered Deal Over 'Robosigning' Lawsuits Monday, 5 Sep 2011 | 10:55 PM ET
    Foreclosure

    Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that is proposed to limit part of their legal liability in return for a multibillion dollar payment. The FT reports.

  • Build A Stake in Homebuilders?  Tuesday, 30 Aug 2011 | 9:08 AM ET

    An outlook on homebuilders, with Robert Wetenhall, RBC Capital Markets analyst.

  • A Curious Letter to a Current Mortgage Customer Monday, 29 Aug 2011 | 4:09 PM ET
    Woman doing bills

    A borrower in Michigan recently received a letter from his mortgage servicer, CitiMortgage. It offers to discuss foreclosure alternatives, including potential eligibility for the government's mortgage bailout program. It is clear, succinct, and gives several phone numbers and contact information.

  • Number of Delinquent Mortgages on the Rise Again Monday, 22 Aug 2011 | 11:11 AM ET
    Foreclosure

    After several quarters of improvements, the number of U.S. homeowners who are late on their mortgages increased in the second quarter, according to a survey by the Mortgage Bankers Association.

  • Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, the New York Times reports.

  • 11 Celebrity Foreclosures Friday, 19 Aug 2011 | 11:19 AM ET
    Ever since the housing crisis began, Americans have gotten used to hearing a word that only used to apply to the very desperate --- foreclosure. In the past, the word summoned to mind images of abandoned, dilapidated homes with boarded windows, a vacant porch swing and the occasional tumbleweed.Those days are over now, and the foreclosed home in move-in condition is an increasingly common sight today. It seems like something that can happen to anybody, including famous people. The idea that cele

    Fame is no longer protection from foreclosure, and neither is success. Who are some of the celebrities who have gone through a foreclosure? Find out!

  • Can Direct-Mail Keep More Customers Than Groupon? Friday, 12 Aug 2011 | 3:08 PM ET
    Open sign in window

    Short-term deals offered on Groupon and other Web site may be the wrong strategy for local businesses that need more than a temporary sales boost to survive.

  • Late Mortgage Payment Rate Continues to Decline Thursday, 11 Aug 2011 | 10:32 AM ET
    Mortgage

    The percentage of late-paying mortgage holders—those who were 60 days or more late with payment—decreased in the spring for the sixth straight quarter, according to credit reporting agency TransUnion.

  • Housing's Double Dip Part II: Rising Foreclosures Friday, 5 Aug 2011 | 12:21 PM ET

    Just as we saw a double dip in home prices, we may be seeing another surge in foreclosures.

  • How Do You Fix the Housing Market? Bulldoze It Tuesday, 2 Aug 2011 | 2:49 PM ET

    Banks have tried everything to get the glut of vacant homes on the market under control, including flat-out giving them away. But when that doesn't work, what do you do? Rev up the bulldozer.

  • Vacant Homes Will Drown Housing Recovery Wednesday, 27 Jul 2011 | 1:52 PM ET

    A new study found, "foreclosed homes go through more than a year of very high vacancy rates following the auction and are substantially more likely to be vacant up to 60 months after the foreclosure."