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Mortgage and foreclosures

Faulty Foreclosures May Prolong the Slump

BusinessWeek - Bob Ivry, Prashant Gopal - ‎49 minutes ago‎
home in a year, and when he heard in mid-September that Ally Financial's (GJM) GMAC Mortgage unit was suspending foreclosure evictions in 23 states, ...

Mortgage companies may be contributing to delinquencies in foreclosure rates

Medill Reports: Chicago - Justin Saper - ‎6 hours ago‎
... Advocates say programs designed to curb the number of foreclosures in Illinois aren't working because of dishonest practices by mortgage servicers.

Foreclosure Rates in St. George Continue to Increase

Main Street Business Journal - Lori Guyton - ‎7 minutes ago‎
According to newly released data from CoreLogic on foreclosures for the St. George area, the rate of foreclosures among outstanding mortgage loans is 4.15 ...
Foreclosures edge up Phoenix Business Journal

More mortgage distress in the air

Chicago Tribune - Mary Ellen Podmolik - ‎1 hour ago‎
One in every 314 homes with a mortgage received some sort of foreclosure filing in Illinois in August. Local governments are concerned about the increases ...

Mortgage foreclosures dip slightly while delinquencies rise

ABC30.com - ‎22 hours ago‎
This is where foreclosed homes and properties are auctioned. Two hundred homes were on this days list. "As you can see by this list it's not getting any ...

Congress Urged to Assist Renters

TheStreet.com - Lauren Tara LaCapra - ‎6 hours ago‎
"As foreclosures on homes and apartment buildings continue to unfold, a growing number of renters are competing for a limited supply of affordable housing," ...

Feds slate $57.2 million in housing aid for Nevada

KTVN - ‎5 hours ago‎
It aims to avoid foreclosures by funding mortgage modification programs and people who canÂ't afford house payments.

The tax consequences of foreclosures

Helium - Jennifer Minge - ‎Sep 28, 2010‎
The only catch is that law only applies to foreclosures that occur between 2007 and 2012. The Mortgage Forgiveness Debt Relief Act only applies to primary ...

Decoding the countless housing reports

Bizjournals.com (blog) - Jan Buchholz - ‎5 hours ago‎
CoreLogic www.corelogic.com also measures foreclosures as it relates to mortgage data. Its most recent survey indicates that foreclosures in July accounted ...

Mortgage Modifications – Less Defaults and Foreclosures for 2010

Empowered News - ‎Sep 26, 2010‎
The Office of the Comptroller of the Currency and the Office of Thrift Supervision released a report on Friday that indicated that mortgage modifications ...

US State Officials Investigate After GMAC Halts Evictions

BusinessWeek - Dakin Campbell - ‎Sep 24, 2010‎
Regulators have initiated reviews of GMAC Mortgage's foreclosure process. The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, ...

Freddie CEO: Mortgage forbearance is preferable to foreclosure

Housing Wire - Jacob Gaffney - ‎Sep 27, 2010‎
Haldeman estimates that Freddie currently owns 25% of the total US mortgage market. And, the more foreclosures there are, the more pressure on house prices ...

Leaders discuss initiative to help residents dealing with foreclosure

Livingston Daily - Jim Totten - ‎18 hours ago‎
By Jim Totten • DAILY PRESS & ARGUS • September 29, 2010 The flood of mortgage foreclosures is a big, messy and complicated problem that can't be totally ...

More than half of homeowners in foreclosure relief program have fallen out

Washington Post - Alan Zibel - ‎Sep 24, 2010‎
The Obama administration's flagship mortgage-relief effort is failing to ease the foreclosure crisis as more than half of those who have ...

Montgomery County foreclosures rise

Clarksville Online - Randy Worcester - ‎Sep 28, 2010‎
Some of these options are loan modifications, refinancing, deed-in-lieu of foreclosure, rental, or the short sale. Short sales are on the rise as mortgage ...

Sixth and FINAL Chicago Fix Your Mortgage Event Happens October 16 on City's ...

Business Wire (press release) - ‎7 hours ago‎
On Chicago's Near West Side (an area bounded by Kinzie, 16th Street, the Dan Ryan Expressway and Rockwell), lenders filed 227 foreclosures from January ...

Donovan Announces Funds to Train Counselors

Apartment Finance Today - Donna Kimura - ‎8 hours ago‎
... the number of foreclosures remains high. Donovan made the announcement in Oakland, Calif., where he was meeting with homeowners and others at a mortgage ...

Lawmakers question Fannie on 'foreclosure mills'

Washington Post - Brady Dennis, Ariana Eunjung Cha - ‎Sep 24, 2010‎
In addition, they argued that the mortgage giant should put in place guidelines that allow foreclosures to proceed only when the legal right to do so is ...

Mortgage and Foreclosure Wrongdoing: AGs' Road Map – How Mortgage Servicing ...

Firedoglake - Cynthia Kouril - ‎Sep 27, 2010‎
In Part 1 of the Mortgage and Foreclosure Wrongdoing Road Map, I explained all the choke points for fraud, forgery and illegal activity that exist in the ...

Most Loan Modifications Won't Have a Negative Impact on your Credit Score

FOXBusiness - Barrett Burns - ‎13 hours ago‎
... drastic mortgage options such as short sales (a transaction where the sale proceeds fall short of the balance owed on the mortgage) and foreclosures can ...

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