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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...

Monthly Foreclosure Rate Plummets In Wake Of Paperwork Scandal

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily...

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...

Foreclosures Up 6% From Last Year

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — The number of U.S. homes lost to foreclosure surged in July, as lenders take back more properties from homeowners who have been in...

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 ...

1 MILLION Americans Expected To Lose Homes In 2010

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — Rosalyn Dalebout rents out space in her home to three tenants, has cut off her phone service and canceled her earthquake and life ...

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.

Foreclosure Rates Surge: Banks Catch Up To Backlog, US On Pace For 1 Million Repossessions In 2010

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade t...

May Foreclosure Rate Steadies As Banks Hold Back

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The foreclosure crisis appears to be leveling off. The number of people facing foreclosure is nearly flat from a year ago, accordi...

Shahien Nasiripour

Obama To Order Lenders To Cut mortgage Payments For Unemployed | Shahien Nasiripour | Posted 05.25.2011 | Business

This story has been updated More than one year after the Obama administration launched the most ambitious effort to help struggling homeowners since ...

Foreclosures Down Two Percent, First Annual Decline In Five Years

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs...

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...

2010 Census Campaign Begins: Census Bureau Kicks Off Once-A-Decade Head Count

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Politics

WASHINGTON — The Census Bureau kicks off its $300 million campaign Monday to prod, coax and cajole the nation's more than 300 million residents ...

Foreclosures Rise 5 Percent From Summer To Fall

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to as...

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 (...