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Foreclosure Rate

The 10 Best and Worst States for Credit Conditions

Richard Barrington | Posted 10.17.2012 | Money
Richard Barrington

People are out of work, deeply in debt, and having their homes foreclosed. It's a grim picture. However, that is not an accurate picture of the whole country. The fact is that credit conditions vary radically from state to state.

Finally, A Commonsense Proposal in the Mortgage Foreclosure Crisis

Amy Hovey | Posted 05.26.2012 | Business
Amy Hovey

We've tried and seen the consequences of a laissez faire approach. The fact is that the market cannot correct itself. It's time for the guiding hand of government to provide the push that can send homeowners, communities and the economy on the road to recovery.

Gretchen Morgenson: Banks Bad Mortgage Paperwork Isn't Blowing Away

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

KUDOS to the Congressional Oversight Panel for publishing a thoughtful and thorough report last week on the mortgage documentation mess. It argued tha...

Gretchen Morgenson: Court Case Exposes 'Bag Of Mortgage Tricks'

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

Last week, a jury in federal district court in Reno, Nev., awarded a group of 50 mortgage investors $5.1 million in punitive damages against defendant...

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...

Fed Pushing To Drop Foreclosure-Fighting Rule

McClatchy | Tony Pugh | Posted 05.25.2011 | Business

As Americans continue to lose their homes in record numbers, the Federal Reserve is considering making it much harder for homeowners to stop foreclosu...

Arthur Delaney

Obama: More Aggressive Anti-Foreclosure Efforts Would Help Undeserving People | Arthur Delaney | Posted 05.25.2011 | Business

WASHINGTON -- President Barack Obama defended his administration's beleaguered foreclosure-prevention initiatives on Wednesday by arguing that more ag...

10,000 Line Up To Save Homes From Foreclosure At Sacramento 'Save The Dream'

Sacramento Bee | Mark Glover | Posted 05.25.2011 | Business

An estimated 10,000 people were in line Friday morning when the Cal Expo Pavilion's doors opened on a five-day event aimed at helping distressed homeo...

Foreclosure Reduces Home Value By 27%

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Thinking about defaulting on your mortgage? You might be putting a serious damper on the value of your neighbor's home. A single foreclosure can ...

Most Mortgage Defaults Come From Rich And Wealthy With Million Dollar Loans

The New York Times | Posted 05.25.2011 | Business

More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Time...

The Anatomy of a Foreclosure

Matthew Anderson | Posted 05.25.2011 | Politics
Matthew Anderson

The Obama administration could learn much more about civic first aid. As for me, sadly, it will be too late to save our home and legacy but then again, so much for the audacity of hope.

Lawmakers From Both Parties Raise Concerns Over Afghan War Escalation

Posted 05.25.2011 | Politics

WASHINGTON (Associated Press) - Sens. Carl Levin (D-Mich.) and Richard G. Lugar (R-Ind.) voiced their concerns Sunday about the war in Afghanistan, it...

Homeowners Often Rejected Under Obama's Make Home Affordable Loan Modification Plan

McClatchy | Kevin G. Hall | McClatchy Newspapers | Posted 05.25.2011 | Politics

WASHINGTON -- Ten months after the Obama administration began pressing lenders to do more to prevent foreclosures, many struggling homeowners are hold...

Will California Become America's First Failed State?

The Observer | Paul Harris | Posted 05.25.2011 | Business

California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and...

Ryan Grim

Foreclosure: In The Midst Of Crisis, No Reliable Data | Ryan Grim | Posted 05.25.2011 | Politics

On Wednesday, both the House and Senate took up bills aimed holding back the wave of foreclosures drowning homeowners. Just how bad is the crisis? No...

ACORN Launches Home Defenders Campaign To Fight Foreclosures

Stuart Whatley | Posted 05.25.2011 | Politics

Yesterday marked the launch of ACORN's Home Defenders Campaign, which seeks to use civil disobedience techniques, complemented by mass communication (...

"Foreclosed Homeless" On The Rise (VIDEO)

CBS News | Posted 05.25.2011 | Business

With home foreclosures rising, many Americans have no choice but to move into their cars. As Hattie Kauffman reports, middle-class Americans don't kno...

Foreclosures Double From Last Year

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Home foreclosure filings rose 14 percent in the second quarter, the eighth consecutive quarterly climb, and more than doubled fro...