Posts Tagged ‘Associated’

$25B nationwide mortgage deal goes to states – The Associated Press

$25B nationwide mortgage deal goes to statesThe Associated PressNegotiations have been dragging on for more than a year over fraudulent foreclosure practices that drove millions of Americans from their homes during the housing crisis. In October 2010, major banks temporarily suspended foreclosures following …and more » View full post on foreclosures – Google News

Is Nevada recovering? Depends on who you ask – The Associated Press

Is Nevada recovering? Depends on who you askThe Associated Press"We have more foreclosures happening in my neighborhood than a year ago." Across this hardest-hit Western state, a battle of perceptions is being waged over whether Nevada is on the edge of recovery, or still falling four years after the collapse of …and more » View full [...]

Massachusetts sues banks over foreclosures – The Associated Press

Forbes Massachusetts sues banks over foreclosuresThe Associated PressNEW YORK (AP) — Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the "robo-signing" of documents, potentially undermining negotiations between lenders and state prosecutors across the nation over the same issue …Major Banks Face New Foreclosure SuitNew York TimesMassachusetts Sues BofA, JPM, Citi, Wells [...]

NY foreclosure firm: Sorry for mocking homeless – The Associated Press

NY foreclosure firm: Sorry for mocking homelessThe Associated PressBUFFALO, NY (AP) — Employees of a foreclosure law firm who mocked victims of the mortgage crisis at a Halloween party last year need to be taught about the realities of homelessness, an advocate for the poor said Wednesday, offering to be the teacher. …and more » View [...]

Studies challenge wisdom of GOP candidates’ plans – The Associated Press

Austin American-Statesman Studies challenge wisdom of GOP candidates' plansThe Associated PressThe candidates have said little about another national problem: depressed home prices, as well as the high numbers of foreclosures and borrowers who owe more than their houses are worth. After the Oct. 18 GOP debate in Las Vegas, …Studies challenge wisdom of GOP candidates' [...]

US foreclosure activity edged higher in 3Q – The Associated Press

US foreclosure activity edged higher in 3QThe Associated PressLOS ANGELES (AP) — More US homes are entering the foreclosure process, but they're taking ever longer to get sold or repossessed by lenders. The number of US homes that received a first-time default notice during the July to September quarter …Foreclosures down again, but may be [...]

Fannie Mae cited for failing to stop robo-signing – The Associated Press

Fannie Mae cited for failing to stop robo-signingThe Associated PressThe practices, known collectively as "robo-signing," resulted in a suspension of foreclosures last fall and a probe by all 50 state attorneys general into how corners were cut to keep pace with the crush of foreclosure paperwork. …Report says Fannie Mae missed catching law firms illegally [...]

US home sales jump 7.7 pct. as foreclosures rise – The Associated Press

Kansas City Star US home sales jump 7.7 pct. as foreclosures riseThe Associated PressBut sales were driven by an increase in foreclosures, a sign that home prices could fall further next year and slow a housing recovery. The National Association of Realtors said Wednesday that home sales rose 7.7 percent last month to a seasonally [...]

Busted Calif city pins hopes on revamped air base – The Associated Press

The Associated Press Busted Calif city pins hopes on revamped air baseThe Associated PressIn some parts of the city, the foreclosure rate in June reached one in 38 homes, according to data from RealtyTrac, a company that maintains a nationwide database of foreclosures. Statewide, one in every 248 homes was at some stage of foreclosure [...]

AP Exclusive: Mortgage ‘robo-signing’ goes on – The Associated Press

The Associated Press AP Exclusive: Mortgage 'robo-signing' goes onThe Associated PressMortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures. …Letting Bankers WalkNew York TimesAP Exclusive: [...]