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Foreclosures sink, but so do sales
Boston HeraldA drastic reduction in foreclosure activity points to the end of Massachusetts' foreclosure crisis, but a shortage of homes for sale is preventing a true housing market recovery. "What we're seeing ... is an overall shortage of a good supply of homes...Tags: Foreclosures, Homes, Real Estate, Services and Shopping, Real Estate Buyers
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3 big banks nearly halt foreclosure sales after U.S. tweaks orders
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes. The banks...Tags: Citigroup Incorporated, Foreclosures, U.S. Department of the Treasury, Office of the Comptroller of the Currency, Mortgages
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Mortgage rates climb on strong economic reports
Tribune reporterMortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year fixed-rate mortgage was 3.51 percent this week, compared with 3.42...Tags: Money and Monetary Policy, Freddie Mac, Economy, Business and Finance, Finance, Mortgages
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Sen. Franken says SEC must change ratings method for financial products
Star TribuneU.S. Sen. Al Franken told reporters Monday that he believes the Securities and Exchange Commission is legally obligated to act on a study that shows conflicts of interest among financial institutions and the rating agencies that assess their investment...Tags: Business Institutions, Economy, Business and Finance, Credit Ratings, Marketing, Finance
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Detroit Free Press Susan Tompor column
Detroit Free PressSahr Jusu, 45, was hit with a double dose of the housing collapse. He lost his job doing home improvements about a year ago and now, depending on odd jobs here and there, he's been four or five months behind on his mortgage payments. But Jusu is...Tags: Moody's Corporation, Layoffs and Downsizing, Detroit Free Press, Politics, Mortgages
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Buyers who make all the right moves are taking advantage of lowest interest rates
Billings Gazette, Mont.U.S. Air Force retiree Mike Getlinger and wife, Kim, have hit the homeowner triple lottery: three mortgages in 11 years, all at historic lows of 5 percent or less. In 2002, the Getlingers bought their first home in South Carolina with a 3.78 percent,...Tags: Banking, Human Interest, Fannie Mae, Freddie Mac, Foreclosures
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Orlando woman lied about military service to avoid paying mortgage, feds say
No lie was too big to tell for an Orlando woman who wanted a new home in Pensacola, but didn't want to pay the mortgage for her Orlando home, federal officials said. Chantal M. Lanton, 37, of Orlando is accused of falsely claiming to be an officer in the...
Tags: Judges, Crime, Law and Justice, Justice System, Mortgages, U.S. Air Force
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BRIEF: Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan
The Palm Beach PostBanks are getting tens of millions of taxpayer dollars through Florida's key foreclosure prevention program to pay down borrower debt, but are also using the money to pay off their own attorney's fees and other costs associated with taking back people's...Tags: Palm Beach (Palm Beach, Florida), West Palm Beach, Mortgages
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Bay Area firm's idea to lift underwater homeowners to positive equity loses steam
The Sacramento BeeA year ago, with the real estate market still in a deep slump, a San Francisco firm caught the attention of officials in California and elsewhere with its novel idea of using eminent domain to seize underwater mortgages in order to reduce the amount...Tags: Fannie Mae, Freddie Mac, Economy, Business and Finance, Local Government, Kevin Johnson
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Some foreclosed-upon homeowners getting mortgages
The Tampa TribuneStuck renting for a few years, Tampa Bay area residents who had a foreclosure during the housing crash are buying homes again. Among them is Xiomara Mewa of Tampa. A former loan officer, her finances tumbled five years ago when the lenders she worked...Tags: Blackstone Group, L.P., Moody's Corporation, Foreclosures, Credit and Debt, Credit Ratings
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Smaller and cheaper
The Baltimore SunBALTIMORE - Greg Cantori plans to downsize when he retires. Really, really downsize. His retirement home is 238 square feet -- one-tenth the size of the average new American house -- and sits in his Anne Arundel County, Md., yard. He and wife, Renee,...Tags: Rentals, Tameka Cottle, Baltimore County, Homes, Pasadena (Anne Arundel, Maryland)
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Northumberland County: Madison Court owes $14K in back taxes
The News-Item, Shamokin, Pa.The Shamokin Housing Authority (SHA) will go back to Northumberland County Court over Madison Court Apartments, this time to have a disputed debt removed from the property. SHA filed a civil complaint May 10 against the Northumberland County Tax...Tags: Housing and Urban Planning, Judges, Justice System, Companies and Corporations, Bankruptcy
May 14, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| Chicago Tribune
May 14, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| Orlando Sentinel
May 19, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| South Bend Tribune
May 18, 2013
|Story| McClatchy-Tribune
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