iOS app Android app

Foreclosure Moratorium

David Sands

Occupy Detroit Fights Foreclosure | David Sands | Posted 12.19.2011 | Detroit

As part of a countrywide day of action planned to combat foreclosure practices and home evictions, two Metro Detroit households will open their homes ...

Socially-Conscious Banking: End to Foreclosures & Occupy Your Home

Mitchell J. Rabin | Posted 01.23.2014 | Business
Mitchell J. Rabin

Remove foreclosure as an outcome of non-payment and an entirely fresh vision of borrower-lender relationship is put in place, now as cooperating partners, as in a business deal, because that's really what it is.

Foreclosure Problems Creating 'Seismic Legal Clash' Across The Country | GRETCHEN MORGENSON and ANDREW MARTIN | Posted 05.25.2011 | Business

That clash -- expected to be played out in courtrooms across the country and scrutinized by law enforcement officials investigating possible wrongdoin...

U.S. Launches Investigation Into Possible Criminal Violations In Foreclosure Crisis | Zachary A. Goldfarb | Posted 05.25.2011 | Business

The Obama administration's Financial Fraud Enforcement Task Force is in the early stages of an investigation into whether banks and other companies th...

Wall Street's Reaction To The Foreclosure Fiasco? Blaming Homeowners

The New York Observer | Max Abelson | Posted 05.25.2011 | Business

n order to understand Wall Street's shrug during this foreclosure crisis, which as many as 40 attorneys general are expected to announce an investigat...

Obama Backs Foreclosure Probe By States, But Is Against Moratorium, Gibbs Says

Bloomberg | Roger Runningen and Julianna Goldman | Posted 05.25.2011 | Politics

President Barack Obama is throwing his support behind state attorneys general looking into filings of allegedly faulty home foreclosures while rejecti...

Real Foreclosure Relief Can't Wait

Preeti Vissa | Posted 05.25.2011 | Business
Preeti Vissa

Without principal reduction, we'll see millions more foreclosures. And, contrary to the bizarre arguments put forth by Treasury Secretary Tim Geithner and others, that won't stabilize communities, it will destroy them.

The Foreclosure Pileup: More Bad News for the US Economy

Nicolas Retsinas | Posted 05.25.2011 | Business
Nicolas Retsinas

Today, thirty percent of home sales involve foreclosed properties. With low interest rates, there is a market for these properties. Keeping them off the market hurts would-be homebuyers.

Dan Froomkin

What In The World Is Going On Inside Bank Of America? | Dan Froomkin | Posted 05.25.2011 | Business

WASHINGTON -- You could do a lot worse things with your time than read every word of what William K. Black and L. Randall Wray have written for the Hu...

A Government-Mandated Foreclosure Moratorium Is a Popular (and Bad) Idea

Tanya D. Marsh | Posted 05.25.2011 | Business
Tanya D. Marsh

Rather than calling for a foreclosure moratorium, which is an overly-broad solution that creates a cascade of other problems, the government should address these mismatched incentives to servicers and how they can be realigned.

Strong Medicine: The Long-Term Health of the Housing Market Requires a National Foreclosure Moratorium

Ray Brescia | Posted 05.25.2011 | Business
Ray Brescia

A foreclosure moratorium may seem like serious medicine: but the patient is sick, and her long-term prospects require a heavy dose of that medicine to bring her back to health.

Federal Agenices Say They're Probing Foreclosure Problems...But Lenders Are Resuming Foreclosures

AP | PETE YOST | Posted 05.25.2011 | Business

WASHINGTON — A federal law enforcement official says the FBI is in the initial stages of trying to determine whether the financial industry may ...

Arthur Delaney

Bank Break-In Victim Applied For Mortgage Modification Via HAMP | Arthur Delaney | Posted 05.25.2011 | Business

Nancy Jacobini had applied for a mortgage modification when JPMorgan Chase broke into her house and attempted to change the locks on Sept. 28. "I'm ...

Who Are the Culprits in the Foreclosure Crisis: The Lenders, The Borrowers or the Congress?

Judge H. Lee Sarokin | Posted 05.25.2011 | Business
Judge H. Lee Sarokin

We should do everything humanly and economically possible to aid those who are in danger of losing their homes, but failing that, the dire and sad consequences of a foreclosure are inescapable.

The Maine Home That Started The Foreclosure Freeze

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

All of this is largely because Mr. Cox realized almost immediately that Mrs. Bradbury's foreclosure file did not look right. The documents from the le...

Amanda Terkel

Christine O'Donnell Opponent Backs One-Month Foreclosure Moratorium | Amanda Terkel | Posted 05.25.2011 | Politics

Delaware's Democratic U.S. Senate candidate Chris Coons is backing a moratorium on foreclosures, joining a growing number of national Democrats callin...

Arthur Delaney

One Man's HAMP HELL: 'Just Wait This Thing Out' | Arthur Delaney | Posted 05.25.2011 | Business

Troy Taliancich said he applied for a mortgage modification via the Obama administration's Making Home Affordable program in January after falling beh...

Foreclosures Hit Record In September, More Than 100K Homes Seized

Posted 05.25.2011 | Business

UPDATE: As Daily Finance notes, foreclosures hit a record monthly total of 102,134 in September, a three percent rise over the previous month. LOS...

Amanda Terkel

GOP Lawmakers Stay Silent On Foreclosure Moratorium | Amanda Terkel | Posted 05.25.2011 | Business

The number of lawmakers calling for investigations or a freeze on foreclosures is growing, in the wake of an increasing amount of evidence pointing to...

Meet Banks' 'Robo-Signers': 'Foreclosure Experts' Were Hair Stylists, Teens, Walmart Workers

Posted 05.25.2011 | Business

NEW YORK (AP, Michelle Conlin) -- In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage se...

Amanda Terkel

WATCH: Michigan Candidate Backs Foreclosure Moratorium | Amanda Terkel | Posted 05.25.2011 | Business

Michigan's gubernatorial candidates faced off in their one and only debate of the election on Sunday, spending much of their time discussing how to ge...

Foreclosure Freeze Could Prolong Housing Slump For Years

Posted 05.25.2011 | Business

NEW YORK (By MICHELLE CONLIN, AP) -- Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the econo...

White House: No Need For National Foreclosure Moratorium

AP | ALAN FRAM | Posted 05.25.2011 | Politics

WASHINGTON — A top White House adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, even as pressure grows on the...

Foreclosure Fraud Inquiry Planned By Up To 40 States

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The attorneys general of up to 40 states plan to announce soon a joint investigation into banks' use of flawed foreclosure paperwor...

White House Mostly Overlooked Foreclosure Fraud Concerns, Sought Banks' Help With HAMP

The Washington Post | Posted 05.25.2011 | Politics

In recent days, amid reports that major lenders have used improper procedures and fraudulent paperwork to seize properties, some Obama administration ...