Posts Tagged ‘Housing’

Flood of foreclosures to hit the housing market – CNN

The Huntsville Times – al.com (blog) Flood of foreclosures to hit the housing marketCNNBy Les Christie @CNNMoney April 13, 2012: 5:33 AM ET NEW YORK (CNNMoney) — The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved. The settlement, agreed to by [...]

Flood of foreclosures to hit the housing market – CNNMoney

ABC Action News Flood of foreclosures to hit the housing marketCNNMoneyBy Les Christie @CNNMoney April 13, 2012: 5:33 AM ET NEW YORK (CNNMoney) — The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved. The settlement, agreed to by the nation's …Foreclosure [...]

Fair housing group files foreclosure maintenance complaint against Wells Fargo – Baltimore Sun

KGMI Fair housing group files foreclosure maintenance complaint against Wells FargoBaltimore SunThe National Fair Housing Alliance said Tuesday that it has filed a federal housing discrimination complaint against Wells Fargo, alleging that the bank is doing a better job maintaining foreclosed homes in white neighborhoods than foreclosures in …Is Wells Fargo Doing Enough To Maintain [...]

As Foreclosures Stall Again, Warnings of Housing ‘Paralysis’ – CNBC.com

As Foreclosures Stall Again, Warnings of Housing 'Paralysis'CNBC.comIn an unexpected reversal, both newly started foreclosures and finalized foreclosures dropped precipitously in February. Most had expected both starts and sales to ramp up, following the $25 billion dollar settlement between five of the nation's … View full post on foreclosures – Google News

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 [...]

Housing, banking advocates hail measure to speed foreclosures of abandoned homes – The Star-Ledger – NJ.com

The Times of Trenton – NJ.com Housing, banking advocates hail measure to speed foreclosures of abandoned homesThe Star-Ledger – NJ.comBy Ed Beeson/The Star-Ledger David Gard/The Star-LedgerA bill making the rounds in the state legislature looks to speed up the foreclosure process for abandoned, vacant properties like this East Orange home. A piece of state legislation [...]

Bank of America Reaches Deal on Housing – New York Times

Wall Street Journal Bank of America Reaches Deal on HousingNew York TimesBank of America will provide deeper-than-anticipated principal reductions for about 200000 homeowners under newly-disclosed terms of last month's foreclosure settlement with state and federal authorities. The cuts for homeowners who owe more than their …Report: BofA Strikes Side Deal With Government on ForeclosuresFox BusinessBofA [...]

Can we fix housing by turning foreclosures into rentals? – Washington Post (blog)

Los Angeles Times Can we fix housing by turning foreclosures into rentals?Washington Post (blog)And while the effort might not do much to reduce the number of already vacant homes, it can prevent at least some properties that are currently occupied from being added to the heap of vacant foreclosures. That's what the FHFA is stressing [...]

Foreclosure deal a small step for homeowners, a giant leap for housing recovery – San Jose Mercury News

ThinkProgress Foreclosure deal a small step for homeowners, a giant leap for housing recoverySan Jose Mercury NewsBut the first step toward reversing the effects of the foreclosure tide that has swept over tens of thousands of homes is to stop the bleeding by calling a halt to the constant increase in the inventory of existing [...]

Settlement for Faulty Foreclosure Practices May Affect Housing Market – Patch.com

OregonLive.com Settlement for Faulty Foreclosure Practices May Affect Housing MarketPatch.comWashington is set to receive $648 million in a federal settlement with five banks to compensate consumers whose foreclosures were mishandled. By Joan Probala The foreclosure process has been under attack for months now. We have all heard about the …Banks Take It Easy, While Miami [...]