Posts Tagged ‘BusinessWeek’

Inspector General: Foreclosure aid program flawed – BusinessWeek

USA TODAY Inspector General: Foreclosure aid program flawedBusinessWeekBy DANIEL WAGNER The Treasury Department rushed out a major revamp of its foreclosure-prevention program in 2010, limiting the plan's ability to help people who are unemployed or owe more than their homes are worth, a government watchdog says.Audit faults execution of program to aid homeownersLos Angeles Timesall [...]

Foreclosure Filings Decline in US to Lowest Since 2007 – BusinessWeek

msnbc.com Foreclosure Filings Decline in US to Lowest Since 2007BusinessWeekBy Dan Levy on April 12, 2012 Foreclosure filings in the US fell in the first quarter to their lowest level in more than four years after lenders under legal scrutiny slowed actions against delinquent homeowners, according to RealtyTrac Inc. Default, …Foreclosures slow as pipeline keeps [...]

US gov’t to propose new mortgage lending rules – BusinessWeek

New York Times US gov't to propose new mortgage lending rulesBusinessWeekBy DEREK KRAVITZ The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments. Congress mandated changes in the rules covering the …US proposes new mortgage lending rulesChicago Sun-Timesall [...]

Maine House sustains mortgage bill veto – BusinessWeek

WLBZ-TV Maine House sustains mortgage bill vetoBusinessWeekBy GLENN ADAMS Lawmakers failed to muster enough votes Monday to revive a bill intended to address mortgage foreclosures in Maine — a measure that Democrats said would protect consumers from losing their homes to large mortgage companies that may not …Veto of foreclosure legislation sustainedSeacoastonline.comOUR OPINION: Latest LePage [...]

Searching shadows for end to foreclosure crisis – BusinessWeek

CBS News Searching shadows for end to foreclosure crisisBusinessWeekEach month, analysts issue reports detailing the number of homes nationwide in foreclosure or held by banks. The implication is that if we can match buyers with these houses or help borrowers stay put, the economy will be able to heal at last.'Shadow inventory' left from foreclosure [...]

RI foreclosures take heavy toll on rental market – BusinessWeek

RI foreclosures take heavy toll on rental marketBusinessWeekBy ERIKA NIEDOWSKI Foreclosures in Rhode Island have taken a heavy toll on renters in a state with a large stock of multi-family homes, shrinking the inventory of available apartments and driving up prices, according to a study released Thursday. View full post on foreclosures – Google News

US new-home sales fell in February for 2nd month – BusinessWeek

USA TODAY US new-home sales fell in February for 2nd monthBusinessWeekA key reason for the dismal sales in the new-home market is that builders must compete with foreclosures and short sales — when lenders accept less for a house than what is owed on the mortgage. Foreclosure activity surged in February across half of …Sales [...]

Foreclosures Still Haunt the Housing Market – BusinessWeek

USA TODAY Foreclosures Still Haunt the Housing MarketBusinessWeekBank of America is starting a program to help delinquent homeowners avoid foreclosure. Borrowers will be able to hand their title to the bank, then remain in the house while renting it for up to three years at or below market rates.Fannie Mae, Freddie Mac cheated Michigan, Oakland [...]

NY firm that had foreclosure costume party settles – BusinessWeek

USA TODAY NY firm that had foreclosure costume party settlesBusinessWeekThe agreement settles allegations that the Steven J. Baum Firm, one of the state's largest-volume foreclosure companies, engaged in "robo-signing" and other paperwork shortcuts to process a huge number of foreclosure cases for clients including Wells …Baum Foreclosure Firm Settles With New York for $4 MillionBloombergNY [...]

Mortgage money going to Colo. homeowners, veterans – BusinessWeek

9NEWS.com Mortgage money going to Colo. homeowners, veteransBusinessWeekBy KRISTEN WYATT Homeowners facing foreclosure and veterans in need of temporary housing will be among the recipients of Colorado's portion of a $25 billion settlement with mortgage lenders. Gov. John Hickenlooper and state Attorney General John …Housing to benefit as Colorado details plans to divvy up $51 [...]