Archive for September 2011

California Pulls Out of Foreclosure Talks – Wall Street Journal

Los Angeles Times California Pulls Out of Foreclosure TalksWall Street JournalCalifornia Attorney General Kamala D. Harris pulled out Friday of state and US efforts to negotiate an end to the government's investigation of alleged foreclosure abuses, calling the proposed settlement "inadequate for …Nationwide Bank Foreclosure Deal Rejected by CaliforniaBusinessWeekKamala Harris pressured to reject bank foreclosure [...]

Aug. data signal lenders stepping up foreclosure action – Boston Globe

Aug. data signal lenders stepping up foreclosure actionBoston GlobeMore than 900 Massachusetts homeowners lost their properties to foreclosure in August, the highest monthly total this year and another sign that lenders are revving up their efforts to take back properties from people who aren't …Foreclosures in Massachusetts reached new peak for 2011 last monthThe Patriot [...]

Arizona foreclosure assistance program turns to short sales as ‘best tool’ – Cronkite News

USA Today Arizona foreclosure assistance program turns to short sales as 'best tool'Cronkite NewsSave Our Home AZ, originally meant to help with mortgages, now offers other aid to help homeowners avoid foreclosure. •Short-Sale Assistance: Pays 3 percent in closing costs and provides up to $4500 in transition expenses (announced …Arizona trying new ways to assist [...]

Performance of U.S. mortgages improve slightly: study – Reuters

Performance of U.S. mortgages improve slightly: studyReutersHowever, first-time foreclosure filings on the loans decreased 8.0 percent from the first quarter to 287145, the report said. Regulators caution foreclosures remain high by historical standards. Loans are being modified by servicers to make them more …New US mortgage delinquencies surgeFinancial TimesOne in Five Modified Loans Default Again, [...]

Kamala Harris pressured to reject bank foreclosure settlement – Los Angeles Times

Los Angeles Times Kamala Harris pressured to reject bank foreclosure settlementLos Angeles TimesGavin Newsom has joined a group of California union leaders, politicians and activists in calling the direction of foreclosure negotiations "a deeply flawed settlement proposal with the banks at the heart of the nation's mortgage crisis. …and more » View full post on foreclosures [...]

Mass. foreclosures hit highest monthly level of 2011 – Boston Globe

Mass. foreclosures hit highest monthly level of 2011Boston GlobeMassachusetts foreclosures reached their highest monthly level so far this year, with 937 foreclosure deeds recorded in August, the Warren Group reported today. But that total was more than 22 percent lower than the total in …Report: Foreclosure deeds hit high in AugustBizjournals.comMass. faces 'glut' of home [...]

Another Federal Foreclosure Prevention Effort Fails – The Atlantic

The Atlantic Another Federal Foreclosure Prevention Effort FailsThe AtlanticFirst, its Making Homes Affordable program — meant to prevent several million foreclosures — continues to struggle to reach even one million. Then, its long-awaited principal reduction effort was completely shunned by Fannie Mae and Freddie Mac, …Emergency Loan Program for Foreclosures DisappointsFiredoglakeMortgage Aid Effort Falls Short [...]

August Bay State Foreclosure Deeds Reach Highest Level In 2011 – Banker & Tradesman

August Bay State Foreclosure Deeds Reach Highest Level In 2011Banker & TradesmanOver the past year, foreclosures have fluctated, reaching new highs and lows. What's next for Massachusetts? Banker & Tradesman Managing Editor Cory S. Hopkins gives his take in this podcast. More than 900 foreclosures were completed in Massachusetts …and more » View full post on [...]

Students rally against foreclosures – The Brown Daily Herald

Students rally against foreclosuresThe Brown Daily HeraldHomeowners, janitors and students joined forces yesterday to protest Bank of America's rising foreclosures and layoffs. Over 60 protesters gathered to challenge Bank of America and rising home foreclosures in front of the bank's building in downtown … View full post on foreclosures – Google News

California Homeowners Mount a Growing Protest Movement Against Foreclosures – Huffington Post (blog)

California Homeowners Mount a Growing Protest Movement Against ForeclosuresHuffington Post (blog)Gudiel, her family, neighbors and other supporters have pledged to risk arrest when the Los Angeles County Sheriff tries to evict them this week from Gudiel's home after Fannie Mae issue a foreclosure notice. Gudiel is part of a broad coalition of …and more » View [...]