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Mortgage Foreclosure Process News

Presenting The Complete Generic Fluff That Is The "Gang of Six Plan To Reduce Our Nation's Deficit" Tuesday, July 19, 2011 @ 12:48PMWell it's not a 3 page term sheet. It is a 5 page talking point bulletin full of ridiculous fluff with nothing substantial. Here is the only immediately actionable prerogative which comes from, you guessed it, Chained CPI and Social Security: Enacting a $500 billion down payment that would secure immediate deficit savings, while establishing a fast track process for the committees in Congress to ...
HOUSING: Foreclosure auctions getting pricey Friday, July 15, 2011 @ 8:28PMCompetition at foreclosure auctions has become fierce in 2011 as more bidders battle over fewer properties, according to analysts and pricing data.
Some Companies Don't Take Federal Mortgage Help Money Friday, July 15, 2011 @ 4:52PM(WLTX) - Stop for a moment and think of how you would feel if your family faced foreclosure. Now imagine the relief you'd have if you found a way to save your home and get back on track with your payments.
Foreclosure Protesters in Spain’s Cities Now Go Door to Door Friday, July 15, 2011 @ 4:40PMYoung people battling Spain’s harsh foreclosure system have moved their protests from city squares to individual homes, securing some promised changes in the process.
Buoyant JP Morgan cheers Wall Street Thursday, July 14, 2011 @ 6:08PMJP Morgan Chase, the US banking giant, cheered up Wall Street with news from its latest quarterly results: trading has not been as bad as everyone feared.
Personal Finance Daily: How an IRS audit got me and missed you Thursday, July 14, 2011 @ 2:32PMChuck Jaffe, one of our senior columnists and an expert in many areas of personal finance and investment, got audited by the IRS. In his column today, he offers a frank and useful description of why and how it happened.
United Way call line to help mortgage grant applicants Monday, July 11, 2011 @ 2:00PMSince April, only 1,400 applications have been submitted to the Pennsylvania Housing Finance Agency and 700 loans totaling $27 million have been approved. But United Way of Allegheny County announced today that it will provide a call line to help the process along.
Outgoing FDIC Chair Sheila Bair Says Goodbye & Real Estate Is To Blame Monday, July 11, 2011 @ 11:49AMIn her last Capitol Hill appearance before retiring Sheila Bair, now retired chairman of the Federal Deposit Insurance Corp. (FDIC), said the bank insurer still needs to keep its focus on real estate. The financial crisis was rooted in real estate and is the primary hindrance to economic recovery. "The fact that so many residential and commercial properties are currently underwater goes a long ...
Q&A: How to survive a short sale Saturday, July 9, 2011 @ 12:14AMChris Willette became a short-sale expert the hard way: He did his own. Almost three years ago, the Edina (Minn.) Realty sales agent found...
Government to Ease Foreclosure Rules for Unemployed Friday, July 8, 2011 @ 11:31AMThe Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.
Foreclosure rules eased for jobless Thursday, July 7, 2011 @ 11:07PMBy DEREK KRAVITZ
Obama says "back to the drawing board" on mortgage help Wednesday, July 6, 2011 @ 2:43PMAt his "Twitter town hall," President Obama says his administration hasn't done enough to help struggling homeowners
Has the Banking Sector lost its Mojo? Wednesday, July 6, 2011 @ 2:11PMEven though the S&P 500 (NYSEArca: SPY) has posted a modest 6.4% year-to-date gain, financial stocks (NYSEArca: XLF) are down almost 3% in value over the same period. Bank ETFs (NYSEArca:
Home loses suit vs. Dems, faces federal fraud charges Friday, July 1, 2011 @ 10:04PMPHOENIX - Former Democratic mayoral candidate Marshall Home got a double dose of bad legal news Friday.
Bank of America To Pay $8.5B Settlement on Countrywide Mortgage Repurchase and Servicing Claims Wednesday, June 29, 2011 @ 6:59AMAgreement Covers Nearly All Legacy Countrywide-Issued First-Lien Private-Label RMBS Exposure, Repres...
Bank of America Announces Agreement on Legacy Countrywide Mortgage Repurchase and Servicing Claims Wednesday, June 29, 2011 @ 6:17AMCHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation today announced that it has reached an agreement to resolve nearly all of the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure, representing 530 trusts with original principal balance of $424 billion. The settlement with The Bank of New York Mellon (BNY Mellon), the trustee for ...
Mortgage Delinquencies Slip In Greater Boston Wednesday, June 29, 2011 @ 5:50AMThe rate of delinquent payments around Boston hit a near two-year low in April while foreclosure activity continued to cool
Beresford-Redman's Father's New Orders Tuesday, June 28, 2011 @ 8:08PMDavid Beresford-Redman, father of former “Survivor” producer and murder suspect Bruce Beresford-Redman, is now under court order to deposit the money from the sale of a Porsche, which belonged to his son and...
BLOG: Having Problems Paying Your Mortgage? Tuesday, June 28, 2011 @ 12:12PMBy Jim Donovan: If you are having trouble paying your monthly mortgage payments, here are some steps to take: 1. Contact your mortgage company as soon as possible and try to negotiate a modification. Your [...]
Tornado Recovery Tuesday, June 28, 2011 @ 11:52AMSpringfield has held the unhappy distinction of being the foreclosure capital of Massachusetts; last year, 595 properties were foreclosed on in the City of Homes, more than in any other municipality in the state, including Boston. Foreclosure rates have been slowing this year, although some experts...
Home prices in 20 U.S. cities fall 2.4% Sunday, June 26, 2011 @ 9:17AMA construction worker builds a new home at the Rosedale master planned community after the project has been on hiatus for two and-a-half years.
Canton Twp. Officials Unable To Clean Up Unsightly Foreclosed Home Friday, June 24, 2011 @ 1:50PMResidents of Canton Township said they are sick and tired of looking at home that has been left alone for nearly three years.
Agency Failed to Refer Complaints About Freddie and Fannie Tuesday, June 21, 2011 @ 6:08PMThe agency overseeing Fannie Mae and Freddie Mac failed to refer complaints about possible abuse, a report says.
HUD offering help to Montana flood victims Tuesday, June 21, 2011 @ 4:58PMHUD announced today it will speed federal disaster assistance to the State of Montana and provide support to homeowners and low-income renters forced from their homes following April's severe storms and flooding.
Home sales in U.S. sink to a low for the year Tuesday, June 21, 2011 @ 3:30PMOne sign of the housing industry's struggles is that fewer first-time buyers are entering the market. The number of first-timers ticked down to 35 percent of sales last month. In healthy times, they drive about half of sales.
Home sales fall to 2011 low Tuesday, June 21, 2011 @ 1:39PMHome 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.
Local and national foreclosures decline Thursday, June 16, 2011 @ 9:31AMIt's good news for housing, but experts attribute the declines to processing delays.
San Jose residents tired of foreclosure messes Thursday, June 9, 2011 @ 8:07PMA citizen's group in San Jose is sick and tired of the trash, weeds and rundown homes in neighborhoods full of foreclosed properties.
Statewide New York Foreclosures Rise Slightly While New Jersey Drops Tuesday, June 7, 2011 @ 7:13AMThe foreclosure crisis is bringing some good and bad feelings to people in many states and citiesNEW...
Foreclosure ownership gaps leave ‘rotting’ homes Saturday, June 4, 2011 @ 11:03PMCRYSTAL LAKE – The house at 24 Dartmoor Drive in Crystal Lake is rotting from the inside out.
LPS' Mortgage Monitor Report Shows Seasonal Increase in April Delinquencies Tuesday, May 31, 2011 @ 3:26PMThe April Mortgage Monitor report released by Lender Processing Services, Inc. shows an expected historical seasonal increase in delinquencies, but a continuing trend in fewer new problem loans.
Wayne Savings Bancshares, Inc. Announces Earnings for the Quarter and Year Ended March 31, 2011 Tuesday, May 31, 2011 @ 11:39AMWOOSTER, Ohio -- Wayne Savings Bancshares, Inc. , the holding company parent of Wayne Savings Community Bank, reported net income of $2,198,000 or $0.75 per diluted share for the fiscal year ended March 31, 2011, compared to $2,237,000 or $0.77 per diluted share for the fiscal year ended March 31, 2010.
Home sales turnaround on horizon, analysts say Sunday, May 29, 2011 @ 12:22PMNashville's three-year-long real estate slump is expected to soon turn around, according to independent analysts.
Habitat homes come with much work, no ‘give-aways’ Sunday, May 29, 2011 @ 10:11AMNot long from now, Rashida Woodard will have a key to the American Dream — a home of her own.
DA: Cambridge man stole $$ from Dorchester health center Friday, May 27, 2011 @ 2:30PMIn approximately 2001, the Harvard Street Health Neighborhood Center made an agreement with McKenzie & Co: For somewhere between $45,000 and $60,000 a year, Nzreibe McKenzie would process and file the center’s payroll information. According to documents filed Wednesday by Suffolk County District Attorney Daniel Conley, McKenzie, a Cambridge resident, did a lot more than that.
'Lifestyle' malls show signs of life Thursday, May 26, 2011 @ 9:13PMHurt badly in the recession, these upscale suburban and exurban developments fashioned as instant downtowns are seeing more interest and fewer vacancies When the Arboretum defaulted on its $91 million construction loan last fall, the upscale 470,000-square-foot "lifestyle" strip center in South Barrington joined a dubious and growing category dotting the Chicago-area retail landscape: the ...
Business digest Thursday, May 26, 2011 @ 8:15PMChinese airline officials conclude visit • Executives from China Air Cargo wrapped up a visit to Lambert-St. Louis International Airport on Thursday, with no signed deal for flights but with a stronger sense of how such flights might work. The three-day visit of a technical delegation from the Chinese airline included meetings with maintenance, ground operations and other airlines, about the ...
Doing the math, walking away from your mortgage Saturday, May 21, 2011 @ 10:56AMSlight drop in strategic defaults unlikely to last as more people do the math, see they can't recover and make a business decision to walk away from their mortgage, even if it ruins their credit As more homeowners do the math, they see they can't recover and make a business decision to walk away from their mortgage, even if it ruins their credit.
R.I. near top of foreclosure rates Friday, May 20, 2011 @ 6:05AMExpert blames state's unemployment rate, in double digits for 25 straight months
Developer with local ties sees part of project head to sheriff's sale Monday, May 16, 2011 @ 9:47AMPart of a downtown Warren development project built by the same firm involved in downtown Meadville revitalization efforts is headed to a Warren County sheriff’s sale next month because of a foreclosure on its $1.3 million mortgage.
Commonwealth Reports First Quarter 2011 Loss; Shows Improvement Over Previous Quarter Results Friday, May 13, 2011 @ 3:10PMNORFOLK, Va. -- Commonwealth Bankshares, Inc. reported today a net loss of $6.8 million, or $0.98 loss per share, for the three months ended March 31, 2011, compared to a $39.0 million net loss, or $5.66 loss per share, for the fourth quarter of 2010.
Mark Lackey and Anne Lackey with Atlanta Housing Source at Solid Source Realty Win Gwinnett Chamber of Commerce's 2011 ... Friday, May 13, 2011 @ 2:35AMThe Gwinnett Chamber of Commerce awarded Mark Lackey and Anne Lackey with Atlanta Housing Source at Solid Source Realty their 2011 Pinnacle Award for the 1 – 9 employee category. The Chamber's Pinnacle Award recognizes small businesses in the Gwinnett county region that show "extraordinary growth and contributions to the community." Despite a very slow real estate market, the Lackeys grew their ...
Site settles kid privacy breach case Friday, May 13, 2011 @ 2:10AMAn online game company owned by Walt Disney Co. is paying $3 million to settle federal charges that it illegally collected and disclosed personal information from hundreds of thousands of children younger than 13 without their parents' consent.
Filing Bankruptcy Top 5 Things You Must Do Friday, May 13, 2011 @ 2:06AMThe real estate market has caused more financial disaster to families than ever before. Property values have plunged up to 50% or more in some areas and few experts predict any kind of growth for years to come.
Foreclosures, short sales up locally in April Friday, May 13, 2011 @ 1:12AMThe number of foreclosures was down nationally in April, but increased in Frederick and Washington counties
Bank of America will open new customer service centers to aid customers facing difficulty in making their mortgage ... Friday, May 13, 2011 @ 12:35AMSeeking to expand its direct outreach to customers facing difficulty in making their mortgage payments, Bank of America will more than triple its number of customer assistance centers in the coming weeks, bringing the total to 40 in 22 states by early summer.
EDITORIAL: Justice Toal'Decision May Not Save Mortgagees Thursday, May 12, 2011 @ 11:01PMChief Justice TOal's latest moratorium on the bankruptcy cases probably won't work.
Fixed mortgage rates hit lowest levels for 2011 Thursday, May 12, 2011 @ 10:32PMNEW YORK - Fixed mortgage rates have fallen to their lowest levels of the year, giving Americans more incentive to buy homes or refinance their loans.
Foreclosure is last resort Thursday, May 12, 2011 @ 10:10PMHome foreclosures ought to be a last resort for owners and lenders alike. The move by state Supreme Court Chief Justice Jean Toal to halt all pending foreclosures so both parties can fully examine alternatives is welcome.
Issac Bailey | Turnabout fair play for banks Thursday, May 12, 2011 @ 9:55PMSeems everyone is trying to come up with sensible ways to deal with the economic albatross that the depressed real estate market has become, except for the one group with the most power to quickly usher in a turnaround, the nation's five largest banks.