Upcoming Foreclosures - Us Government Foreclosures News

Us Government Foreclosures News

Buffett May Not Net OneMain Friday, July 15, 2011 @ 8:41AMWarren Buffett can’t always get what he wants. I was never really sure why he wanted a piece of OneMain, Citigroup’s consumer lending business. These are assets Citigroup had housed in their CitiHoldings unit, the bank’s remainders bin. They didn’t want to sell the unit cheap. One obstacle for other bidders
JPMorgan boosts profit as outlook improves Thursday, July 14, 2011 @ 5:42PMJPMorgan Chase posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans.
JPMorgan boosts profit as outlook improves Thursday, July 14, 2011 @ 5:42PMJPMorgan Chase posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans.
New rules spark down payment debate Saturday, July 9, 2011 @ 11:10PMIndustry fears that a return to old-time lending could keep sales in the doldrums for years.
Oregon Legislature shut door in homeowners' faces over foreclosures Saturday, July 9, 2011 @ 5:01PMAlthough the Oregon Legislature wrestled with a number of issues this session, consumer protection was not one of them.
US stocks nudge three-year high Thursday, July 7, 2011 @ 3:42PMU.S. stocks jumped, sending the S&P 500 close to a three-year high as retail and job market data bolstered confidence in the economy.
Fourth of July: Americans Call Country the 'Greatest Nation in the World' Sunday, July 3, 2011 @ 12:46PMA new Gallup poll reports that Americans are starting to think more often about our roots and widely agree that the United States has a unique character because of its history and Constitution.
NASA's space shuttle program ends this month: Does anybody care? Saturday, July 2, 2011 @ 6:04PMFuture manned missions are planned, but years may pass with no American spaceships in flight
Wells Fargo Reports 687,047 Active Trial and Completed Modifications through May 2011 Friday, July 1, 2011 @ 2:30PMDES MOINES, Iowa--(BUSINESS WIRE)--Wells Fargo & Co. (NYSE:WFC) reported today that active trial or completed mortgage modifications started since the beginning of 2009 were in place on 687,047 loans in its servicing portfolio as of May 31, 2011. That included 585,213, or 85 percent of the total, done through the company’s own modification programs and 101,834 done through the federal government ...
No raises for county employees until 2014 WITH VIDEO Friday, July 1, 2011 @ 1:18PMOakland County employees, who took pay cuts the past two years, will get no pay increases for the next two years before a 1 percent raise in fiscal year 2014 kicks in.
Alcohol tax hike gets some cheers, some jeers Friday, July 1, 2011 @ 11:42AMStarting Friday, it's going to cost a bit more to buy your favorite adult beverage - and health advocates are delighted. For the first time in 38 years, the state has raised the sales tax on beer, wine and liquor. Officials say the 3 percent increase will generate about $85 million in additional revenues. The increase raises the tax on alcohol from 6 to 9 percent, a jump advocates say will curb ...
Peter Dreier: Want to Help Homeowners? Replace the Mansion Subsidy and Require Banks to Act Responsibly Friday, July 1, 2011 @ 8:34AMAlmost two-thirds of affluent Americans -- many living in mansions -- get housing aid from Washington. Whether they admit it or not, the wealthy live in subsidized housing. It's time to stop this and help working families achieve the American Dream.
Bank of America's $40 Billion Lesson Friday, July 1, 2011 @ 8:11AMJul. 1 2011 - 9:06 am | 3,956 views | 1 recommendation | 0 comments As you enjoy your July 4th refreshments, lift a toast of thanks to Bank of America for its almost $40 billion contribution to resolving the mortgage loan debacle that continues to plague the US economy. $40 billion (including a $20.6 billion second-quarter charge ) is about the cost that the Wall Street Journal estimates that ...
Housing slump to last 3 or 4 more years Wednesday, June 29, 2011 @ 6:40PMThe housing slump has been going on for nearly six years.But it's going to take another three or four years before the backlog of foreclosures that's dragging the market down can be cleared, an Irvine housing consultant told Orange County business leaders Wednesday.The housing...
US consumer confidence unexpectedly declines in June on job worries Tuesday, June 28, 2011 @ 8:05PMNEW YORK, N.Y. - Consumer confidence fell to a seven-month low in June on continuing worries about high unemployment and stagnating wages, following a string of bad news that threatens the painfully slow U.S. economic recovery. The Conference Board's consumer confidence index slipped to 58.5 in June
US stock futures rise amid Greek budget debates Tuesday, June 28, 2011 @ 9:15AMStock futures move higher as Greek lawmakers debate austerity moves to avert debt default
Stephen Zarlenga: Part III: How the Economists Facilitated the Crisis Monday, June 27, 2011 @ 3:33PMOver time, whoever controls the money system controls the nation. Society's definition or concept of money will determine who controls the money system.
James D. Brown: Sure, you can bash Obama and lock up corporate CEOs, but major government, banking reform imperative Thursday, June 23, 2011 @ 11:00PMMuch has been written placing blame, advancing political agendas and pointing out the monumental challenges this country faces.
Banks sued for foreclosure taxes Thursday, June 23, 2011 @ 4:27PMHomeownership offers lots of tax breaks. But the crash of the housing market produced a new tax problem for some homeowners. When their homes went into foreclosure, many ended up owing tax on the amount of their debt that was forgiven by the lender who took over the property.
Nevada delegation’s concerns about Afghanistan drawdown muted Thursday, June 23, 2011 @ 2:21PMRepublican leaders reacted to President Barack Obama's speech announcing the return by this time next year of 33,000 troops from Afghanistan — about a third of the total fighting force — with pronounced trepidation.
Homeowner in foreclosure finds help hard to find Thursday, June 23, 2011 @ 2:06PMDawn Kyle sits at her kitchen table with a pile of papers splayed out in front of her, tears in her eyes. She's not sure how she got to this point, but the papers - letters, financial documents and notes - provide a glimpse into her dire situation. In just weeks, she, her 70-year-old mother and her two teenage children must be out of the Glen Burnie home they have shared for 14 years. "We don't ...
Aussie Senate upholds home loans measures Thursday, June 23, 2011 @ 11:00AMAustralia's upper house Senate has supported the government's decision to ban home loan exit fees, despite opposition from some quarters, according to a Reuters report.
Assemblywoman Kristin Olsen voices disappointment with state Thursday, June 23, 2011 @ 2:12AMAssemblywoman Kristin Olsen, representative for the 25th state assembly district, stressed big changes need to be made in the way state government functions June 16 in Ahwahnee.
Tune Out the Noise – Make It Happen Wednesday, June 22, 2011 @ 3:52PMRISMEDIA, June 23, 2011— You would think the world was going to end. I know things are tough but the headlines are making me crazy: USA in decline… Foreclosures… Bankruptcies… Short Sales… Government Deficit… Unemployment… Wars… Debt Ceiling… Partisan Bickering… …
Westport's revenue 'bubble' bucks nation's economic woes Wednesday, June 22, 2011 @ 3:06PMTown Clerk Patricia Strauss is seen here pulling up information on revenue collection by the Town Clerk's Office for this fiscal year in comparison to last year.
More help given to fight US foreclosures Tuesday, June 21, 2011 @ 11:00AMThe Housing and Urban Development (HUD) Department in the US has launched the Emergency Homeowners Loan Program in 27 states to aid unemployed home owners who are at risk of foreclosure.
Renowned Economist: “In a Few Short Decades the West Undercut 150 Years of Legal Reforms that Made the Global Economy ... Tuesday, June 21, 2011 @ 10:54AMI’ve repeatedly demonstrated that fraud caused the Great Depression and the current economic crisis, and that the economy cannot stabilize until the rule of law is restored, criminal fraud on Wall Street is prosecuted.
US Home sales fall to 2011 low; few 1st-time buyers Tuesday, June 21, 2011 @ 10:50AMUS Home sales fall to 2011 low; few 1st-time buyers By DEREK KRAVITZ The Associated Press Published Jun 21, 2011 09:39AM MDT Washington • Fewer people bought previously occupied homes in May, lowering sales to their weakest point of the year. Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said Tuesday. That ...
WRAPUP 1-US home sales hit 6-month low, prices decline Tuesday, June 21, 2011 @ 9:45AM* Existing home sales fall 3.8 percent in May * Median home price drops 4.6 pct from year-ago * Supply rises to 9.3 months' worth WASHINGTON, June 21 (Reuters) - Sales of previously ownedU.S. homes ...
Arizona prosecutor linked to gun scandal Friday, June 17, 2011 @ 6:05PMThe congressman leading the investigation of a botched federal operation that put weapons in the hands of Mexican drug cartels says the top federal prosecutor in Arizona played a key role. Also on "Sunday Square Off," a close look at the state of Arizona's economy.
Women Need to Find an Ugly Man to Find True Happiness? Wednesday, June 15, 2011 @ 10:58AM*Experts and amateurs alike are incessantly trying to figure out the dating, marriage, relationship issue. The latest theory is that women are trying too hard to find Prince Charming. It appears that falling for the “frog” would be a better deal than waiting for the Prince. It seems like an easy equation. Boy meets girl, they date, [...]
The continuing devastation of the subprime crisis Saturday, June 11, 2011 @ 6:32AMThe subprime crisis has spread well beyond the victims of those loans. The residue of the crisis spread to the economy and began to affect those who had lost their jobs, their equity and finally their homes.
The continuing devastation of the subprime crisis Saturday, June 11, 2011 @ 6:32AMThe subprime crisis has spread well beyond the victims of those loans. The residue of the crisis spread to the economy and began to affect those who had lost their jobs, their equity and finally their homes.
Yuma County is back in the number two spot on the Stress Index Friday, June 10, 2011 @ 5:50PMAfter briefly dropping to ninth place on a list of the most stressed counties in the United States in March, Yuma County returned to the number two spot in April, according to the Associated Press' Stress Index.
Yuma County is back in the number two spot on the Stress Index Friday, June 10, 2011 @ 5:50PMAfter briefly dropping to ninth place on a list of the most stressed counties in the United States in March, Yuma County returned to the number two spot in April, according to the Associated Press' Stress Index.
Treasury To Temporarily Penalize Mortgage Companies, Making Good On Old Threat Thursday, June 9, 2011 @ 7:46PMWASHINGTON -- The Treasury Department will temporarily withhold payments to the nation's three largest mortgage companies for failing to comply with the Obama administration's signature foreclosure-prevention effort, perhaps finally making good on a 19-month-old threat, officials announced Thursday.
Gov't Faults 3 Lenders Over Mortgage-Aid Efforts Thursday, June 9, 2011 @ 6:17PMWASHINGTON (AP) – The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention pro...
In Ohio, Obama defends policies in face of disappointing jobs report Friday, June 3, 2011 @ 2:24PMPresident Obama on Friday strongly defended his policies, especially the federal bailout of the auto industry, and pledged to fight to improve the economy, which still faces challenges to recover from a grueling recession that he inherited.
Janet Napolitano on drug and currency seizures, plus sleuthers pile on Mitt Romney: Fact Check Friday, June 3, 2011 @ 1:59PMMitt Romney announced his presidential big and fact checkers wasted no time in looking into some of his most recent remarks. Meanwhile, Janet Napolitano gets called out for a specious claim about drug, weapon and currency seizures.
Don C. Reed: California Versus the Valley of Death Friday, June 3, 2011 @ 1:55PMThere is a place you will not find on any map. It has no physical location. But it is real nonetheless, and a danger to all mankind. It is the Valley of Death, where new medicines die.
Mitt Romney slams Obama over job numbers, dodges debt-limit questions Friday, June 3, 2011 @ 12:39PMIn his first meeting with New Hampshire voters since announcing that he would run for president, former Massachusetts Gov. Mitt Romney on Friday seized on new unemployment numbers to argue that President Obama is a failure.
Romney to Obama: It’s your economy now Friday, June 3, 2011 @ 11:07AMMANCHESTER, N.H. — In his first outing as a declared presidential candidate, Republican Mitt Romney continued his assault on President Obama here Friday, using new unemployment data to claim that Obama’s policies have only deepened the nation’s economic downturn. “What he did simply was wrong,” Romney said during a town-hall meeting. “On almost every dimension, what he did did not help the ...
Insurance Woes of America Friday, June 3, 2011 @ 10:28AMGeorge Wilkins worked at a Tennessee automotive plant for 25 years before the plant closed, leaving him unemployed and his three children uninsured.
Lobbying spurred risk before credit crash, study says Friday, June 3, 2011 @ 7:37AMBy CHARLES MEAD, MEDILL NEWS SERVICE Written for UPI WASHINGTON, June 3 (UPI) -- Financial firms that lobbied the federal government most on mortgage issues during the last decade also piled on the most risk, fueling a housing boom that eventually collapsed.
A bushel of Pinocchios for Palin Friday, June 3, 2011 @ 5:00AM“This Sunday, May 29th, Governor Palin and the SarahPAC team will begin a trip through our nation's rich historical sites, starting from Washington, DC, and going up through New England. The ‘One Nation Tour’ is part of our new campaign to educate and energize Americans about our nation's founding principles, in order to promote the Fundamental Restoration of America.”
TEA Party alive and well Friday, May 27, 2011 @ 4:12PMEditor, Advertiser: Some pendents have been saying that the TEA Party is waning and the era of conservatism is over. This is what the liberals and the ruling class elites want people to think, but ...
Countrywide To Pay $20M For Improper Foreclosures On US Military Members Thursday, May 26, 2011 @ 4:05PMThe U.S. Dept. of Justice says the lender foreclosed on the homes of 160 service members between January 2006 and May 2009 without seeking court orders.
Change in Federal Backing for Mortgages May Hit Monterey Real Estate Hard Thursday, May 26, 2011 @ 9:47AMBy summer's end, buyers and sellers in some of the country's most upscale housing markets are slated to lose their biggest benefactor of the economic downturn: the deep pockets of the federal government.
‘Too Big To Fail’ Should Have Been ‘Too Big to Jail’ Thursday, May 26, 2011 @ 2:47AMWhen Wall Street became the defacto U.S. capital, bankers accrued more power than the politicians whom they bought up with impunity.
Thrown out of our homes and out of the GOP budget Monday, May 23, 2011 @ 10:33AMBy Dr. E. Faye Williams, Esq. Columnist Growing up in Louisiana, I became accustomed to periodic heavy rains and sometimes even floods; but they were nothing approaching what we see happening now in certain areas of the country.