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Foreclosures Bank Owned News

Avoiding your own mortgage collapse Monday, December 1, 2008 @ 3:41AMIt used to be that homeowners struggling to meet their mortgage payments had two options -- refinance or sell the house. Foreclosures happened mainly to those who lost a job or suffered a medical misfortune.
Housing crunch hurts North Valleys businesses Sunday, November 30, 2008 @ 3:41AMIn the past nine months, Sam Patel has seen obvious signs of the slow housing market and economy from behind the counter of his convenience store in Cold Springs.
The last Thanksgiving before GD2? Thursday, November 27, 2008 @ 12:05AMHappy Thanksgiving, America! Enjoy this wonderful family and friends celebration while you still can. Because around the corner lurks GD2. More about this vile monster later.
Home prices off 21.8 percent since peak Wednesday, November 26, 2008 @ 9:51AMHome prices continued their free fall nationwide in September, and economists say foreclosures and tight credit will continue to keep the market down.
Horton Trumped By TARP Tuesday, November 25, 2008 @ 4:11PMThe home builder got a bump from positive government news, despite its own gloomy report.
Foreclosures rise, sales tumble Tuesday, November 25, 2008 @ 12:44PMST. GEORGE — Home foreclosure and mortgage delinquency rates in the St. George area continue to rise amid tumbling home sales.
Foreclosures: Bargains Or Money Pits? Tuesday, November 25, 2008 @ 11:50AM Find out if the house youre eyeing is really a good deal.
Local Bank Told To Limit New Loans Tuesday, November 25, 2008 @ 10:52AMA local bank has been told to limit new loans. Find out why.
Foreclosures in Pickens follow nation’s lead Monday, November 24, 2008 @ 12:44PMBy Angela Mitchell While foreclosure listings in Pickens County have dropped for the month of August, bank repossessions (REO’s) here have been steadily rising in 2008, and most experts predict the trend will continue.
Credit default swaps ushered in global financial crisis Monday, November 24, 2008 @ 12:11PM The economic crisis continues to dominate the front pages of the nation’s newspapers.
Foreclosures make up an increasing share of resales as prices fall Monday, November 24, 2008 @ 7:52AMInvestors and first-time home buyers were out in force last month, snapping up foreclosures and driving up sales of existing homes, a market tracking company reported Thursday.
What will Elgin do with $2.2 million in foreclosure aid? Monday, November 24, 2008 @ 12:23AMLocal groups are voicing their opinions on how to spend $2.2 million in federal money to help Elgin deal with a rash of foreclosures.The money comes from a $3.9 billion pie being split up by the U.S. Department of Housing and Urban Development through its Neighborhood Stabilization Program.
Local banks report steep earnings drop Sunday, November 23, 2008 @ 6:42AMThe four publicly traded banks based in Anne Arundel County reported their worst earnings all year, with third quarter net income falling more than 50 percent from that period in 2007.
Lenders, distressed homeowners reach out to solve mortgage troubles Saturday, November 22, 2008 @ 7:01PM For Darrell Logan, 2008 has been the most difficult year of his life. An unyielding series of financial setbacks have culminated in the Queen Creek homeowner, along with his wife, Donnique, and their four children, falling behind on their mortgage and hoping that their lender, Washington Mutual, will give them a break and not rush them into foreclosure.
Nov. 22-23 Saturday, November 22, 2008 @ 11:19AMWith the media exposure to the latest home invasion one would think that this crime is relatively new, and that our state officials are struggling to find a way to curtail it. Well, the truth is home invasion, nor any other crime, is new.
UPI NewsTrack Business Saturday, November 22, 2008 @ 9:14AMU.S. seizes 2 Southern Calif. thriftsLOS ANGELES, Nov. 22 (UPI) -- The U.S. Office of Thrift Supervision shut down two California banks late Friday, transferring operations to the giant U.S. Bank, based in Minneapolis.Downey Savings & Loan, headquartered in Newport Beach, and PFF Bank & Trust, based in Pomona, were heavily involved in high-risk mortgages, the Los Angeles Times reported. They ...
UPI NewsTrack Business Saturday, November 22, 2008 @ 9:04AM U.S. seizes 2 Southern Calif. thrifts ... GM using Volt to help land bailout ... Britain set for drastic economy moves ... Conrad Black asks Bush for pardon ... News from United Press International.
Washoe County foreclosures boosts home sales Friday, November 21, 2008 @ 12:03PMFri, Nov 21, 2008 (9:57 a.m.) Existing home sales jumped 47 percent in Washoe County last month as foreclosures continued to push prices down.
Washoe County foreclosures boosts home sales Friday, November 21, 2008 @ 12:00PMExisting home sales jumped 47 percent in Washoe County last month as foreclosures continued to push prices down. Read comments
Bank Owned Property AZ Launches Free Online Search Service for Arizona Foreclosures Thursday, November 20, 2008 @ 7:40PM SCOTTSDALE, Ariz.----As the number of foreclosures in Arizona reaches an unprecedented high, buyers seeking the best value in Bank Owned Property are forced to pay subscription fees for the latest listings.
Sales of existing area homes up over one year ago Thursday, November 20, 2008 @ 6:58PMRENO — Washoe County saw 348 existing single-family home sales in October, an increase of 47 percent from the same month a year ago and a decrease of less than 1 percent from September, according to a report issued Thursday by The Reno/Sparks Association of Realtors.
GMAC Applies for Status as Bank, Begins Debt Swap (Update5) Thursday, November 20, 2008 @ 4:40PMNov. 20 (Bloomberg) -- GMAC LLC , the largest lender to General Motors Corp. car dealers, applied for status as a bank holding company so it can get access to the Treasury’s $700 billion rescue fund for the financial industry.
Sheltering your home Thursday, November 20, 2008 @ 3:44PMExperts say now is the time to review the nuts and bolts of your finances to help protect your greatest asset - your home.
Home sales climb in Fresno County Thursday, November 20, 2008 @ 1:57PMInvestors and first-time home buyers were out in force last month, snapping up foreclosures and driving up sales of existing homes in Fresno County by 87% from a year earlier, a market tracking company reported Thursday.
County to target foreclosures with federal money Wednesday, November 19, 2008 @ 5:32AMTue, Nov 18, 2008 (5:43 p.m.) Neighbors living near unkempt abandoned houses due to foreclosures in unincorporated Clark County should start to see more neighborhood improvements by the middle of next year.
FDIC details plan to alter mortgages Saturday, November 15, 2008 @ 2:11AMWASHINGTON -- Officials at the Federal Deposit Insurance Corp. Thursday detailed a plan to prevent 1.5 million foreclosures in the next year by offering financial incentives to companies that agree to sharply reduce monthly payments on mortgage loans.
October Foreclosures Present Good News, Bad News Saturday, November 15, 2008 @ 12:07AMOctober was the epitome of one step forward, two steps back on the foreclosure front in Shelby County. While residential foreclosures decreased compar....
Webster puts foreclosures on hold Friday, November 14, 2008 @ 3:54PM“OUR GOAL, as always, is to identify and meet the financial needs of our customers,” said James C. Smith, Webster’s chairman and CEO.
JPMorgan Chase Hiring 300 Workers to Assist Mortgage Holders Friday, November 14, 2008 @ 2:42PMAt least one job category is showing signs of growth — loan counselors. In the past few weeks, banks, along with the federal government, said they plan to temporarily stop foreclosures, and amend mortgages to help distressed borrowers to continue making their payments.
Webster puts hold on foreclosures Friday, November 14, 2008 @ 1:54PMWATERBURY, Conn. – Webster Bank, a subsidiary of Webster Financial Corp. (NYSE: WBS), is placing a 90-day moratorium on home foreclosures for Webster-owned mortgages.
(AFX UK Focus) 2008-11-12 16:41 UPDATE 1-US Rep Frank targets mortgage servicer legal pacts Wednesday, November 12, 2008 @ 11:09AMBy Kevin Drawbaugh
(AFX UK Focus) 2008-11-12 16:40 UPDATE 1-US Rep Frank targets mortgage servicer legal pacts Wednesday, November 12, 2008 @ 11:08AMBy Kevin Drawbaugh
U.S. aims to buy time for at-risk loans Wednesday, November 12, 2008 @ 5:30AM(By Kevin G. Hall, McClatchy Newspapers) The Bush administration on Tuesday announced another plan to modify what it thinks will be hundreds of thousands of distressed mortgages held or backed by mortgage finance giants Fannie Mae and Freddie Mac. More than 15 months into a deep, nationwide housing slump, several federal agencies, along with Fannie and Freddie, unveiled what they called a ...
Housing aid program raises hopes, concerns and questions Saturday, November 8, 2008 @ 7:16PMLocal governments across Georgia are getting ready to jump into the house-flipping game — financed with federal tax dollars. Government officials and housing organizations in Georgia will have $153 million to spend under the Neighborhood Stabilization Program, part of the federal $700 billion bailout of the banking system. The aim is to buy, repair and sell or rent run-down homes and create ...
Nearly half of homes sold in Pinal County are foreclosures Friday, November 7, 2008 @ 6:18PM Sales of existing Pinal County homes jumped again in the third quarter but sellers didn’t have much to celebrate in terms of prices.
First United Corporation Announces Third Quarter Earnings Friday, November 7, 2008 @ 4:38PM First United Corporation , a financial holding company and the parent company of First United Bank & Trust, announces net income for the quarter ended September 30, 2008 of $1.9 million, or earnings per share of $.30, compared to $3.6 million, or earnings per share of $.58, for the third quarter of 2007.
The Afternoon Wrap: Monday Monday, November 3, 2008 @ 5:10PM Donald Trump files lawsuit accusing Extell and the Carlyle Group of manipulating his partner, the Cheng Group, into the purchase of a 77-acre parcel of land on the UWS. [TRD] Circle Line Downtown—the ferry service that took tourists to the State of Liberty for more than a half-century—sells out to New York Water Taxi. [City Room] Ward Bakery finally bites the dust… and for what? ...
There are deals to be had on foreclosed homes, but experts urge caution Monday, November 3, 2008 @ 12:07PMLEOMINSTER -- Buying a foreclosed home can be tricky, but Mayor Dean J. Mazzarella said he is hoping investors will jump into the market here and help turn around blighted properties.
Foreclosure data in New York criticized as inaccurate Monday, November 3, 2008 @ 5:50AMState banking regulators are warning of a significant pickup in foreclosure filings in upstate New York, including Erie County -- but they rely on a faulty comparison using incomplete data.
Bargain hunters help shrink glut in U.S. housing market Monday, November 3, 2008 @ 2:47AMLower home prices are luring some buyers back into the U.S. housing market, but foreclosures and a weakening economy are likely to keep downward pressure on prices for at least another year, economists say.
Monday, November 3, 2008 Sunday, November 2, 2008 @ 10:55PMThough hard numbers are scarce, estimates are that foreclosures will surpass one million this year...
US stocks gain, S&P posts highest weekly climb since 1974 Saturday, November 1, 2008 @ 2:13PMWall Street stock indices closed higher on Friday, ending one of the best weeks in three decades, as banking giant JPMorgan Chase & Co moved to tackle the housing crisis at the centre of the economic downturn in the US.
One in five owe more than their houses are worth Saturday, November 1, 2008 @ 1:48PM Nationwide, almost one out of every five homeowners with a mortgage owes more to their lender than their properties are worth. That’s according to a report released Friday by First American CoreLogic.
Banks Alter Loan Terms to Head Off Foreclosures Saturday, November 1, 2008 @ 11:26AMJPMorgan Chase became the latest big bank to pledge to cut monthly payments, by lowering interest rates and temporarily reducing loan balances.
JPMorgan will modify troubled WaMu home loans Saturday, November 1, 2008 @ 4:25AMPeople falling behind on Washington Mutual mortgage payments won a three-month reprieve on Thursday, when WaMu owner JPMorgan Chase said it will modify terms on an estimated $70 billion in loans to 400,000 families over the next two years.
Home equity is gone for many mortgage holders Saturday, November 1, 2008 @ 4:20AMAlmost 8 percent of Washington homeowners owe more on their mortgages than their home is worth, and another 11 percent are close to being in that position, a new report shows. It also reveals that almost a quarter of all U.S. mortgage holders are in danger of having no home equity — because they bought recently with little or no money down, or because refinanced to take out equity or because ...
Briefs Saturday, November 1, 2008 @ 12:06AMMercedes-Benz, U.S. Steel, JPMorgan, Freedom Bank, ash landfills.
Foreclosures in Hampton Roads triple Thursday, October 23, 2008 @ 4:05PMVIRGINIA BEACH – Home foreclosures in Hampton Roads have tripled since last year. One in 677 Va. Beach homes was in some state of foreclosure. In Norfolk, it was one in 491 homes; in Hampton, one in 1,322.
NY regulator urges more support for homeowners Thursday, October 23, 2008 @ 3:40PM The U.S. Treasury Department plan to stabilize banks is a positive step, but the federal government must do more to support individual homeowners, New York Superintendent of Banks Richard Neiman said on Thursday.
Foreclosure activity rises 70 percent Thursday, October 23, 2008 @ 6:06AMThe number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007.