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Foreclosure Mess

Jason Linkins

Retired Floridian Returns Home To Find His Home Foreclosed Upon, By Mistake

HuffingtonPost.com | Jason Linkins | Posted 08.27.2011 | Business

Here's a friendly reminder to everyone who has summer vacation plans: Before your departure date, it's a good idea to solicit the help of a trusted fr...

Negative Equity Soars, 27 Percent Of Mortgage Borrowers Owe More Than Their Home Is Worth

CNBC | Diana Olick | Posted 05.25.2011 | Business

The number of borrowers who owe more on their mortgages than their homes are worth took a huge leap in the fourth quarter of 2010. A full 27 percent o...

Servicer Aurora Sued For Making Loan Mods Too Easy To Get

American Banker | Kate Berry | Posted 05.25.2011 | Business

The loan modification offer was hard to turn down, in more ways than one. It was July 2008. IndyMac Bank was failing and Fannie Mae and Freddie Mac w...

Stiglitz: Expect 2 Million U.S. Foreclosures This Year

Bloomberg | Kamlesh Bhuckory | Posted 05.25.2011 | Business

Nobel Prize-winning economist Joseph Stiglitz said another 2 million foreclosures are expected in the U.S. this year, adding to the 7 million that hav...

Mortgage Rule Could Exacerbate Housing Slump

Posted 05.25.2011 | Business

WASHINGTON (By Corbett B. Daly) - U.S. regulators are gearing up for a landmark decision that could be pivotal in the recovery of the housing market -...

Homeowners Turn To Representing Themselves In Foreclosure Court

The New York Times | David Streitfeld | Posted 05.25.2011 | Business

Lawyers are scarce and free legal assistance is overwhelmed in New Mexico, so a community center here is offering an hourlong class in how to download...

California Court Gives Hope To Struggling Homeowners

Daily Finance | Abigail Field | Posted 05.25.2011 | Business

On Jan. 27, a California appeals court ruled that U.S. Bank conned Claudia Aceves out of her home. Specifically, the court found that U.S. Bank (USB) ...

The Latest Foreclosure Scandal: Default Notices

American Banker | Kate Berry | Posted 05.25.2011 | Business

Last year's robo-signing scandals delayed tens of thousands of foreclosures in the 23 states where the process is handled in court. A new controversy ...

The Making Of A 'Liar's Loan,' With Help From The Loan Officer

Daily Finance | Abigail Field | Posted 05.25.2011 | Business

Now that we're in the midst of the post-housing bubble foreclosure mess, it's easy to lose sight of part of how we got here: "liar's loans." Liar's...

The 8 States Running Out Of Homebuyers: 24/7 Wall Street

24/7 Wall Street | Posted 05.25.2011 | Business

The single biggest problem in the U.S. real estate market is simple: There are very few homebuyers. That seems obvious, but the "buyers' strike" has ...

Big Banks To New Jersey: Stop Bugging Us About Foreclosure Documents

Daily Finance | Abigail Field | Posted 05.25.2011 | Business

When New Jersey tightened its rules for foreclosures in response to the crisis over false loan documents, it took the unprecedented step of ordering t...

Fannie, Freddie's Rush To Foreclose Fed Housing Chaos

Washington Post | Zachary A. Goldfarb and Ariana Eunjung Cha | Posted 05.25.2011 | Business

As the housing market came crashing down in 2008, the giant mortgage company Fannie Mae took an unprecedented step to help tackle the rising tide of f...

Most States Bypass Judges In Foreclosure Process

Bloomberg | Margaret Cronin Fisk | Posted 05.25.2011 | Business

Two years before dementia forced her to move into a nursing care facility, Dorothy Halstien obtained a $73,000 loan from Washington Mutual Inc. secure...

States, Banks In Talks Over Fund For Foreclosure Mess Losses

Washington Post | Ariana Eunjung Cha and Brady Dennis | Posted 05.25.2011 | Business

State attorneys general and the country's biggest lenders are negotiating to create a nationwide fund to compensate borrowers who can prove they lost ...