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Michigan Foreclosures News

President Obama Announces Richard Cordray as Director of the Consumer Financial Protection Bureau Sunday, July 17, 2011 @ 4:16PMWASHINGTON – President Barack Obama will announce his intent to nominate Richard Cordray as the Director of the Consumer Financial Protection Bureau (CFPB). He will make the announcement at an event tomorrow at the White House.
Foreclosure sale rate soars to 232 percent in Genesee County in June 2011 Saturday, July 16, 2011 @ 8:21AMForeclosed homes are the hot ticket on the Genesee County real estate market — sales have soared 232 percent since June 2010.
Cuts would hamper free legal services Saturday, July 16, 2011 @ 5:34AMST. JOSEPH - Proposed cuts in federal funding could hurt services offered by Legal Aid of Western Michigan, Deputy Director Mary Drolet said Thursday.
Good news for real estate market along West Michigan's Lakeshore Saturday, July 16, 2011 @ 5:26AMSee why Realtors are excited despite drop in number of sales.
Weekly Bull/Bear Recap: July 11-15, 2011 Friday, July 15, 2011 @ 4:07PMFrom Rodrigo Serrano of RCS Investments Weekly Bull/Bear Recap: July 11-15, 2011 Bull + Earnings reports are coming in and have been encouraging thus far. Google shines blowing past Wall Street’s expectations on higher online advertising demand. Citigroup reports much better than expected earnings on improved investment-banking performance as did JP Morgan . Mattel’s results also make the ...
Number of homes taken back fall 30 percent over same period in 2010 Thursday, July 14, 2011 @ 9:16AMLOS ANGELES (AP) - The number of homes taken back by lenders in the first half of this year fell 30 percent compared with the same 2010 period, the result of delays in foreclosure processing that threaten to stall a U.S. housing recovery.
Charting the market: Foreclosure statistics fall locally Thursday, July 14, 2011 @ 9:09AMForeclosures in the Washington region have fallen 44 percent in the past year, which is great news. From June 2010 to May 2011, about 38,000 area homes were in the foreclosure process, compared to 68,000 during the previous 12 months. Does this mean fewer homeowners are in trouble? That's part ...
MI Still In Top 10 States With Worst Foreclosure Rates Thursday, July 14, 2011 @ 7:32AMThe state of Michigan continues to be plagued by foreclosures. A recent report on foreclosures ranks Michigan seventh on a list of the top state foreclosure rates.
Slower foreclosure activity in first half of 2011 could stall recovery Thursday, July 14, 2011 @ 6:25AMThe number of homes taken back by lenders in the first half of this year fell 30 percent compared with the same 2010 period, the result of delays in foreclosure processing
Michigan foreclosures plummet Thursday, July 14, 2011 @ 12:14AMForeclosure activity in Metro Detroit plunged in June and fell by double digits statewide for the first six months of the year, according to a report released today, a sign of a dark cloud that will hover next year over the housing market and economy.
Republicans target Obama in Pennsylvania Wednesday, July 13, 2011 @ 10:11PMNew TV ad hits president on economy in key states. — Pennsylvania is one of four traditionally Democratic states being targeted by Republicans in a new TV ad using President Barack Obama's own words from the 2008 campaign against him.
Tomorrow's Monster Stock? Wednesday, July 13, 2011 @ 3:05PMA list of promising companies chosen by investors who've already picked stocks that beat the market with huge gains.
As copper soars, thieves extract a price Wednesday, July 13, 2011 @ 11:26AMNEW YORK (Reuters) - When thieves ransacked eight air conditioners in an apartment complex in the city of Mobile, Alabama, the culprits made off with $800 worth of scrap metal and left residents with $38,000 worth of damages.
RNC Targets Obama with TV Ad in Four Battlegrounds Wednesday, July 13, 2011 @ 10:14AMThe Republican National Committee continued its offensive against President Obama on the economy today, unveiling a second TV ad in a month-long national messaging campaign that began last week.
RNC launches ad in four states hitting Obama Wednesday, July 13, 2011 @ 10:03AMThe Republican National Committee this morning launched a new ad in four key states hitting President Obama on his handling of the economy.
West Michigan cities find ways to help restore homeownership Monday, July 11, 2011 @ 5:24AMAs problems became apparent, people started marshaling the tools needed to tackle it.
Foreclosures by Bank of America Expected to Rise Sunday, July 10, 2011 @ 7:29PMAs part of its $8.5 billion settlement with investors, Bank of America will turn over the work on tens of thousands of troubled mortgages to smaller servicers.
GOP ad assails Obama for stalled economy Friday, July 8, 2011 @ 2:11AMUnder President Obama, the nation is a downhill roller coaster, a derailing train and a fiery car crash, according to a TV ad released by the Republican National Committee.
Michigan's Bonnie Jo Campbell spins a wild river odyssey Wednesday, July 6, 2011 @ 1:44AMThere's a lot of hunting, skinning and eating wild animals in Michiganian Bonnie Jo Campbell's new novel "Once Upon a River" (Norton, $25.95), so much so that the earthy Campbell, who grew up on a farm outside Kalamazoo, even started to gross herself out.
H.O.P.E. for pets and their owners - 7/4/2011 Tuesday, July 5, 2011 @ 9:44AMH.O.P.E. for Pets and their Owners By Erin Crowell These days, people can’t afford to keep their pets – a reality that happens in Northern Michigan and across the country every day due to a bad economy.
Hiring Bias Creates "Unemployed Professional To Poverty" Class Tuesday, July 5, 2011 @ 8:15AMMost professionals, and almost all executives, have learned to man or woman up in hard times. They wear a mask that displays confidence and projects success to the world, because they know there’s no whining in business.
Beltway Briefing Friday, July 1, 2011 @ 11:07AMThe top five stories from US politics today. 1. Almost half a million donors have contributed to President Barack Obama's campaign, according to a "thank you" sent from his official Twitter feed.
Consumer Sentiment Falls in June Friday, July 1, 2011 @ 9:48AMNEW YORK (TheStreet) -- A sluggish recovery in the jobs market is proving a strong drag on consumer spirits, despite lower gas prices. The latest report by the University of Michigan shows that consumer sentiment for June dropped to 71.5 from a revised 74.3 in May. Consensus had estimated that sentiment would stay unchanged while Briefing.com predicted a slightly drop to 71. Falling consumer ...
Toledo's homes among most affordable nationwide Thursday, June 30, 2011 @ 2:22PMThe Glass City was ranked as the third cheapest place to buy a home in the entire country. Youngstown, Ohio and Lansing, Michigan came in at first and second.
Saginaw is an Example of Michigan Cities Facing Hardship Wednesday, June 29, 2011 @ 12:15PMSaginaw, Mich., is a city with a shrinking population of 50,000 residents, down from a peak of 100,000 a half century ago, but the 8-square-mile land mass had not shrunk. Cleanup crews in Saginaw this year expect to perform more than 7,000 cutting jobs on abandoned vacant lots and unmowed yards that surround rundown unoccupied houses, officials say. This amounts to approximately one cleanup job ...
Consumer confidence falls Tuesday, June 28, 2011 @ 11:46PMNEW YORK -- The drastic plunge in U.S. home prices continued to level off in April, hinting at stabilization in the housing market, but job market worries pushed consumer confidence to a seven-month low in June.
US home price decline eases, but consumers gloomy Tuesday, June 28, 2011 @ 2:13PMNEW YORK: The drastic plunge in US home prices continued to level off in April, hinting at stabilization in the housing market, but job market worries pushed consumer confidence to a seven-month low in June.
U.S. home price decline eases, but consumers gloomy Tuesday, June 28, 2011 @ 12:15PMNEW YORK (Reuters) - The drastic plunge in U.S. home prices continued to level off in April, hinting at stabilization in the housing market, but job market worries pushed consumer confidence to a seven-month ...
WRAPUP 2-US home price decline eases, but consumers gloomy Tuesday, June 28, 2011 @ 12:13PM* Case-Shiller seasonally adjusted prices down 0.1 pct * Consumer confidence falls to 58.5 in June * Data helps U.S. stocks, investors focus on Greece (Rewrites throughout, adds details, quote) NEW YORK, ...
Decline in home prices ebbs, consumers gloomy Tuesday, June 28, 2011 @ 8:27AMNEW YORK (Reuters) - The plunge in U.S. home prices showed signs of leveling off in April, but worries about unemployment pushed consumer confidence to a seven-month low in June.
FBI says terrorism cases on upswing Saturday, June 25, 2011 @ 9:57PMFederal officials in Seattle say they unraveled a plot last week that was developed by what appear to be homegrown radicals embracing a militant Islamic doctrine.
Counties sue Fannie Mae, Freddie Mac over taxes Friday, June 24, 2011 @ 8:20PMPontiac — Government-backed mortgage giants Fannie Mae and Freddie Mac are the targets of lawsuits from two county governments claiming they owe millions of dollars in taxes.
As schools cut budgets, strains on counselors grow Friday, June 24, 2011 @ 8:15PMRoslyn Wagner's tone shifts from cheerful to concerned as she looks through the grades of the teenage boy seated before her.
Fitch Affirms Grand Blanc Township, (MI) Limited Tax GO's at 'AA'; Outlook Stable Friday, June 24, 2011 @ 2:13PMNEW YORK--(BUSINESS WIRE)--As part of its continuous surveillance effort, Fitch Ratings takes the following rating action Grand Blanc Township, MI's (the township) limited tax general obligation (LTGO) bonds: --$10.5 million LTGO capital improvement bonds, Series 2006, affirmed at 'AA'; At this time, Fitch also assigns an implied unlimited tax general obligation rating of 'AA'. The Rating ...
County suit against mortgage giants, the first of many to come WITH VIDEO: Thursday, June 23, 2011 @ 6:32PMSuing mortgage giants Fannie Mae and Freddie Mac for real estate transfer taxes is the start of legal action to clean up the messy foreclosures crisis, Oakland County Treasurer Andy Meisner said Thursday.
Ingham County Sues Mortgage Giants for Millions Wednesday, June 22, 2011 @ 5:16PMIngham county is taking mortgage giants Fannie Mae and Freddie Mac to court, claiming the pair have avoided paying real estate taxes.
From the comments: Debate over Kentwood officials' pay increases, and reporting about it Wednesday, June 22, 2011 @ 2:41PMShould The Press care about public employees' pay rates?
Maddin Hauser Tax Attorney To Present at Upcoming MACPA Management Information and Business Show Tuesday, June 21, 2011 @ 9:32PMDetroit - Michael K. Hauser, Esq., CPA, a shareholder at Maddin, Hauser, Wartell, Roth & Heller, P.C., has been selected by the Michigan Association of Certified Public Accountants (MACPA) as one of its featured presenters at its upcoming Management Information and Business Show, which is scheduled for Wednesday, June 29-Thursday, June 30.
Mortgage help reaches few Floridians Tuesday, June 21, 2011 @ 9:29PMMost of the thousands of struggling Florida homeowners seeking mortgage assistance from the federal government's Hardest Hit Fund have been rejected by the state's version of the program, a new report shows.
June 24 golf event to benefit Eaton County non profit Tuesday, June 21, 2011 @ 12:23PMCHARLOTTE - For the 11th straight year, Housing Services for Eaton County (HSEC), a 501 (c) 3, non-profit, will be the recipient of the proceeds from the Eaton Federal Savings Bank's Charity Golf Outing.
One in Three Homes for Sale in This Housing Market Tuesday, June 21, 2011 @ 12:20PMBy taipan. I live in a rural town where a neighboring plot of mixed farmland on 36.5 acres is going for about $4,600 an acre. There are also several homes and smaller bits of land for sale in the area. I always keep an eye out for places that come on the housing market. Read more » »
The Zacks Analyst Blog Highlights: JPMorgan Chase & Co., Bank of America Corporation, Wells Fargo & Company, Citigroup ... Tuesday, June 21, 2011 @ 8:30AMZacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Researcher: Nev. business pessimistic on economy Tuesday, June 21, 2011 @ 2:42AMLAS VEGAS (AP) — Nevada businesses are pessimistic about the economy amid falling home prices, sluggish consumer spending and slow job growth, according to the Center for Business and Economic Research at the University of Nevada, Las Vegas.
Treasury Monday, June 20, 2011 @ 3:27PMTreasury
Foreclosures Continue to Slow Down Monday, June 20, 2011 @ 11:30AMLast week, data released by RealtyTrac revealed that foreclosure filings in May dropped to the lowest level since 2006.
Monday's letters to the editor Monday, June 20, 2011 @ 7:01AMI want to thank all of the senators, including our own Sen. Carl Levin, for standing by small businesses and protecting common sense swipe fee reform by rejecting the Tester-Corker Amendment.
Many Cities Face a Long Wait for Jobs to Return Sunday, June 19, 2011 @ 8:40AMNearly 50 metropolitan regions are unlikely to bring back all the jobs lost in the recession until after 2020, according to a report to be released Monday.
Man Shoots At Cops with Nail Gun and … Friday, June 17, 2011 @ 11:28AM*Maybe you feel confused by the headline a little. Well, I’m going to clear that up for you. Think about it! When I said “Man shoots at cops…”, where did your mind go? Didn’t you assume he was dead? At least in my community those four words would usually end with “…and the gunman was pronounced dead [...]
Mayors face bigger financial woes as states cut help Friday, June 17, 2011 @ 11:16AMCHICAGO (Reuters) - As a candidate for Chicago mayor, Rahm Emanuel laid out big plans to put 1,000 more police on the streets and increase class time for public school students.
Daniel Howes: Don't let revival signs kill reform Friday, June 17, 2011 @ 8:58AMReform of the Michigan's business taxes is expected to move Michigan to 22nd in the country, up from 48th, according to estimates Business Leaders for Michigan is expected to detail at a conference Monday in Lansing.