Ocwen Financial is getting slammed for misleading homeowners making it harder for them to fight foreclosure. CNBC's Diana Olick discusses reaction to the accusations.» Read More
The combined Real Estate Owned inventory of the three rose 24 percent quarter to quarter and 93 percent year over year.
The Pending Homes Sales Index fell 1.8 percent in September...the first indicator of the foreclosure scandal's impact on potential buyers.
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.
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.
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.
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.
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.
As I suspected would happen, the Obama administration is changing the foreclosure conversation.