CNBC reporters will showcase properties in their own childhood housing markets in the latest edition of the, "Million Dollar Home Challenge."» Read More
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.
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.
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.
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.