Upcoming Foreclosures - HUD Foreclosures News

HUD Foreclosures News

Assistance available for Washington homeowners facing foreclosure Monday, July 18, 2011 @ 7:30PMFriday, July 22, is an important day for distressed homeowners having trouble making their mortgage
Federal foreclosure assistance program offers interest-free loans Monday, July 18, 2011 @ 12:25PMHomeowners have until Friday to apply for interest-free loans through a new government program aimed at staving off foreclosures. Kansas and Missouri are among 27 states and Puerto Rico sharing $1 billion in funds through the Emergency Homeowners’ Loan Program. The program was launched last month through the U.S. Department of Housing and Urban Development and NeighborWorks America, a community ...
Negligent home-owning banks spur complaints Monday, July 18, 2011 @ 8:33AMPaint is peeling from a South Buffalo home that has been vacant for more than a year. The glass windows on the front door shattered long ago -- probably as the broken door flapped wildly in the wind.
County leading new initiative to address area housing needs Sunday, July 17, 2011 @ 12:15AMTo ensure more local control over funding decisions, Orangeburg County is helping a new initiative to address the area's housing needs.
Elizabeth Warren: Government Hasn't Sufficiently Probed Foreclosure Abuses (VIDEO) Friday, July 15, 2011 @ 8:44AMWASHINGTON -- A top Obama administration official on Thursday questioned the scope of the state and federal investigations into alleged mortgage abuses and "illegal" foreclosures perpetrated by the nation's largest mortgage companies, marking the first time a senior White House official publicly broke ranks with the administration over the issue and raising fresh questions about the wisdom of ...
HUD aid offered to flood victims Friday, July 15, 2011 @ 7:05AMScioto County is one of the Ohio counties that will receive federal disaster assistance for damage caused by severe storms and flooding in April and May. U.S. Housing and Urban Development Secretar...
The housing slump is far worse than you think Thursday, July 14, 2011 @ 6:38AM“The housing decline,” one expert says, “will be a long, multiyear process, and the multiplier effect across the economy will be enormous.”
Housing Relief for Storm Victims in Three AR Counties Wednesday, July 13, 2011 @ 11:43AM(Little Rock, AR) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Arkansas and provide support to homeowners
Jacksonville Journal: Mortage, foreclosure seminar Saturday, July 9, 2011 @ 1:34AMSeminar on mortgage, foreclosure problems
Monica Yant Kinney: Who killed Pa.'s foreclosure-rescue program? Wednesday, July 6, 2011 @ 3:04AMPity the Pennsylvanians who've recently been laid off and found themselves late on their mortgage. If only they had fallen on hard times sooner.
Austin's source for local news Tuesday, July 5, 2011 @ 10:37AMHelp is on the way for homeowners at risk of losing their houses. Minnesota homeowners can apply for the Emergency Homeowners’ Loan Program (EHLP), a new federal program to help those at risk of foreclosure.
The Signpost Sunday, July 3, 2011 @ 3:15PMThe Signpost does not endorse, promote or encourage the purchase or sale of any product or service advertised in this newspaper. Advertisements are the sole responsibility of the advertiser.
Home Prices in U.S. ‘Very Unlikely’ to Fall Further, HUD’s Donovan Says Sunday, July 3, 2011 @ 11:24AMHomes in the U.S. are the most affordable they’ve been in decades and prices may start to climb as soon as the third quarter, Housing and Urban Development Secretary Shaun Donovan said today.
Mortgage Industry Leaders and Government Agencies Gathered to Discuss Financial Reform Implementation and Enforcement Saturday, July 2, 2011 @ 2:25AMThe Lending Industry Diversity Conference, Inc. (LIDC) held its 6th Annual Strategic Markets and Diversity Conference in Arlington, Virginia on June 22-24th, 2011. The attendees represented a large range of housing and mortgage market stakeholders including lenders/servicers, regulators, enforcement agencies, realtors, academia, home loan counseling agencies, civil rights groups and community ...
Fannie Mae silence on Taylor Bean led to US$3B fraud Thursday, June 30, 2011 @ 3:15PMDespite discovering 200 loans acquired from Taylor Bean were bogus, Fannie Mae officials never reported the fraud to law enforcement or anyone outside the company. It led to the 'largest bank fraud schemes' in U.S. history
Fannie Mae Silence on Taylor Bean Led to $3B Fraud Thursday, June 30, 2011 @ 12:23PMThe first sign of what would ultimately become a $3 billion fraud surfaced in 2000 when a Fannie Mae executive discovered Taylor, Bean & Whitaker sold him a loan owned by someone else
No ‘Definitive Signs of Improvement’ in Housing Thursday, June 30, 2011 @ 9:14AMA recent housing report by the University of Montana Bureau of Business and Economic Research comes to a sobering conclusion: “Three years into its real estate slump, Montana’s housing markets do not yet show definitive signs of improvement.” The report includes all the familiar words Montanans have learned to accept as reality. Foreclosures. Declining prices. Debt. And the words may have to ...
Realtors Hit HUD Despite Bump in Housing Contracts Wednesday, June 29, 2011 @ 12:45PMToday's bullish report on pending home sales came with a caveat from the National Association of Realtors that if banks began lending to more creditworthy borrowers, recovery in the housing sector would be faster. In addition, the association's chief economist said some states with HUD are unable to complete foreclosure deals because of insufficient funds to pay attorney fees at closing.
Realtors Slam Lack of HUD Funds in Foreclosure Deals Wednesday, June 29, 2011 @ 12:45PMToday's bullish report on pending home sales came with a caveat from the National Association of Realtors that if banks began lending to more creditworthy borrowers, recovery in the housing sector would be faster.
A mom with two kids now more likely to be counted among the homeless Friday, June 24, 2011 @ 1:01PMWASHINGTON (CNS) -- Out of work and living in a shelter, Jasmine, a single mother, has one thing on her mind: reuniting her family.
Regional Spotlight: HUD Secretary Announces Disaster Assistance for Montana Storm Victims Thursday, June 23, 2011 @ 3:07PMRISMEDIA, June 24, 2011—U.S. Housing and Urban Development Secretary Shaun Donovan recently announced HUD will speed federal disaster assistance to the State of Montana and provide support to homeowners and low-income renters forced from their homes following severe storms and…
Four charged in ‘next wave’ mortgage fraud in Hennepin County Wednesday, June 22, 2011 @ 5:55PMThe Hennepin County attorney’s office filed charges Wednesday against four people who allegedly conducted an unusual mortgage scam on up to 65 properties in the Twin Cities.
Bank of America faulted in foreclosure review Saturday, June 18, 2011 @ 12:09AMBank of America Corp., the largest U.S. lender, "significantly hindered" a federal review of its foreclosures on loans insured by the Federal Housing Administration, the U.S. said.
Rhode Island Housing receives a National Foreclosure Mitigation Counseling grant from NeighborWorks America Friday, June 17, 2011 @ 4:44PMProvidence, R.I. (June 17, 2011) – Senators Jack Reed and Sheldon Whitehouse and Congressmen James Langevin and David Cicilline along with Richard Godfrey, Executive Director of Rhode Island Housing, today announced that Rhode Island will be receiving nearly $547,000 from NeighborWorks America to help pay for counseling to families and individuals facing the threat of foreclosure.
$4.8M awarded to stabilize Washington neighborhoods with high foreclosure rates Friday, June 17, 2011 @ 4:05PMThe Washington State Department of Commerce Thursday announced that King, Pierce, Snohomish and Spokane Counties will receive a total of more than $4.8 million in grants to help purchase and redevelop foreclosed and abandoned homes, putting them back into productive use.
Housing Workshops Announced to Help Del. Homeowners Facing Foreclosure Thursday, June 16, 2011 @ 2:31PMThe Attorney General's Mortgage Fraud Task Force is sponsoring free statewide housing workshops on June 17 in Georgetown and Dover and June 18 in Wilmington to help Delawareans who are at risk of losing their homes to foreclosure.
HUD To Offer Mass. Tornado Victims Disaster Assistance Wednesday, June 15, 2011 @ 3:21PMThe Department of Housing and Urban Development (HUD) will speed federal disaster assistance to the commonwealth and provide support to homeowners and low-income renters.
Bank of America 'significantly hindered' foreclosure review, HUD report says Tuesday, June 14, 2011 @ 6:49PMBloomberg News Tuesday, June 14, 2011 WASHINGTON — Bank of America Corp., the largest U.S. lender, "significantly hindered" a federal review of its foreclosures on loans insured by the Federal Housing Administration, a government agency reported. The bank was slow in providing data and offered incomplete information, according to the Department of Housing and Urban Development inspector general ...
J.P. Morgan ousts mortgage chief Tuesday, June 14, 2011 @ 4:32PMBloomberg News - (Bloomberg) - J.P. Morgan Chase & Co., the second-largest U.S. bank, ousted mortgage chief David Lowman after it overcharged active-duty military personnel on loans and improperly foreclosed on other borrowers. “Dave Lowman and I have decided he will leave the firm,” said Frank Bisignano, the head of home-lending, Tuesday in an internal employee memo obtained by Bloomberg News ...
Government fraud examiner says Bank of America 'significantly hindered' probe of foreclosure practices Tuesday, June 14, 2011 @ 2:37PMBank executive and attorneys threw up roadblocks to a federal auditor's inquiry of foreclosures involving FHA loans.
Bank of America Accused of Obstructing Foreclosure Probe Tuesday, June 14, 2011 @ 1:00PMA lawsuit filed by the state of Arizona is turning ugly for Bank of America.
JPMorgan Ousts Home-Lending Chief After Foreclosure Lapses Tuesday, June 14, 2011 @ 12:18PMJPMorgan Chase & Co., the second- largest U.S. bank, ousted mortgage chief David Lowman after it overcharged active-duty military personnel on loans and improperly foreclosed on other borrowers.
Will banks be held accountable? Tuesday, June 14, 2011 @ 11:17AMBy Rev. Jesse Jackson, Sr. TriceEdneyWire.com Columnist It isn’t clear which is worse: The housing crisis that keeps deepening or the reports of pervasive banking fraud that keep getting exposed.
Bank of America 'hindered' foreclosure review Tuesday, June 14, 2011 @ 9:03AMBank of America Corp., the largest U.S. lender, "significantly hindered" a federal review of its foreclosures on loans insured by the Federal Housing Administration, the U.S. said.
HUD: Bank of America “Significantly Hindered” Mortgage Probe (Updated) Monday, June 13, 2011 @ 10:22PMWe said Bank of America would rue its purchase of Countrywide shortly after it took at stake in the troubled subprime originator: [E]ven though the financial press has almost universally hailed Bank of America's investment in Countrywide as a bold and savvy stroke, the market has remained singularly unimpressed. I will confess I haven't studied the details of the deal for a simple reason: I'm ...
Disaster declaration for Hennepin, Anoka counties triggers housing help Thursday, June 9, 2011 @ 10:47PMThe assistance is for federally guaranteed homes, but a Minneapolis official cautioned that areas of the city hit hard by the May 22 tornado tend to have fewer of them.
If You Want to Be a Part of Pennsylvania's Economic Recovery, Help Us Address the Challenge of Home Foreclosures Thursday, June 9, 2011 @ 7:00AMHARRISBURG, Pa., June 9, 2011 /PRNewswire-USNewswire/ -- The following is by Brian A. Hudson Sr., Executive Director and CEO, Pennsylvania Housing Finance Agency:
Clayton observes ‘National Home Ownership Month’ Wednesday, June 8, 2011 @ 11:57PMClayton County officials are hoping to use this month as an opportunity to educate people on how to become, and stay, homeowners in the face of an ongoing foreclosure problem, according to the director of the county’s housing program.
$67.7 Million Awarded Through National Foreclosure Mitigation Counseling Program Tuesday, June 7, 2011 @ 4:46PMWASHINGTON, DC--(Marketwire - Jun 7, 2011) - Today NeighborWorks America announced that $67.7 million has been awarded to 37 state housing finance agencies (HFAs), 17 HUD-approved housing counseling intermediaries, and 84 community-based NeighborWorks organizations to provide counseling to families and individuals facing the threat of foreclosure. Just two months after the fifth round of ...
Town hall panel will discuss state, federal budget cuts' effects in county Monday, June 6, 2011 @ 8:08AMIn an effort to inform residents how recent state and federal budget cuts will impact the arts, schools, and health and human services agencies in Fayette County, a town hall meeting is planned.
14 Comments Wednesday, June 1, 2011 @ 7:05PMFederal mortgage modification programs aimed at helping homeowners avoid foreclosures have been harmed because “banks have not implemented them in a consistent and aggressive way,” U.S. Housing and Urban Development Secretary Shaun Donovan said Wednesday.
Fifth Third Mortgage Company’s HAMP Conversion Rate Continues to Outpace National Average Tuesday, May 31, 2011 @ 8:15AMCINCINNATI--(BUSINESS WIRE)--HAMP, Fifth Third Bank, Mortgage, Permanant Modifications
Attorney General Kamala D. Harris Announces Creation of Mortgage Fraud Strike Force to Protect Homeowners Monday, May 30, 2011 @ 11:33AMAttorney General Kamala D. Harris today announced the creation of the California Attorney General's Mortgage Fraud Strike Force, staffed by Department of Justice attorneys and investigators charged with protecting innocent homeowners and bringing to justice those who defraud them.
Foreclosure Deal May Give Banks Menu of Payment Options Friday, May 27, 2011 @ 12:52PMBanks and state attorneys general, seeking to avoid $17B in court claims over faulty foreclosures, are discussing a settlement that may let firms choose among several options to help borrowers
Community Notes: Friday, May 27, 2011 @ 12:47PMNeighborhood House Association to Offer Free Public Mortgage Delinquency and Scam Awareness Workshop With mortgage delinquencies and foreclosures still at an all time high, struggling homeowners are in critical need of professional housing assistance. In response to this demand, The Neighborhood House Association (NHA) HUD Counseling Program will offer two vital workshops free of [...]
Op-Ed: Impeding Availability of FHA Financing Would Be a Setback for Homebuyers Thursday, May 26, 2011 @ 3:51PMRISMedia, May 27 2011— At a time when qualified home buyers are experiencing difficulty in obtaining mortgages because of overly restrictive underwriting requirements, the federal government needs to ensure that a reliable and adequate flow of housing credit is available…
Local libraries offer foreclosure help, health series, baby time Wednesday, May 25, 2011 @ 5:49PMForeclosure help offered at Bloomfield Township Library
Wednesday, May 25, 2011 12:00 am Wednesday, May 25, 2011 @ 3:29AMThe latest market statistics have been compiled and depending on where you live, you will be pleased or discouraged. As reported with regard to statistics at the end of March, Rathdrum was a strong geographic area of market activity.
Appraisers needed for foreclosed homes Wednesday, May 25, 2011 @ 2:44AMKINGMAN — Mohave County is looking for appraisers to help the county fix up and resell 20 foreclosed homes. The county is going out for bids for appraisers and consultants to assist the county in appraising foreclosed homes in the Bullhead City, Kingman and Lake Havasu City areas.
House Republicans Float Increase in FHA Mortgage Down Payment Tuesday, May 24, 2011 @ 6:53PMHouse Republicans are floating a plan that would jack up the required down payment for homebuyers looking to secure a Federal Housing Administration-backed mortgage. The goal is to stabilize the finances of the popular government program, but critics say a bigger down payment could freeze hundreds of thousands of people out of the market at a fragile time.