AP
LOS ANGELES - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide ...
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foreclosures May 14th, 2008
By STEPHEN MAJORS Associated Press Writer
Nine mortgage lenders who hold about 55 percent of Ohio's subprime home loans agreed Monday to abide by policies designed to help struggling homeowners avoid foreclosure.
The agreement is a result ...
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NOBODY wins when a home enters foreclosure — neither the borrower, who is evicted, nor the lender, who takes a loss when the home is resold. That’s the conventional wisdom, anyway.
The reality is very different. ...
More... (Foreclosure News, Education, and Updates, Mortgage News)
LOS ANGELES – Darren Hendon worked in the mortgage business for years. He sold many home buyers on adjustable-rate loans with low-interest “teaser” rates that rocket higher, typically after two years.
He was laid off last ...
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WASHINGTON - Congressional leaders are racing to push through an array of election-year housing measures that already have stirred up much political wrangling and the White House is examining its own plan to further help ...
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LACEY — Thurston County foreclosure notices have increased more than 50 percent in the first quarter of 2008 compared with the same period last year, prompting one real estate agent to begin offering tours of ...
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WATERBURY, Mar 30, 2008 (The Hartford Courant - McClatchy-Tribune Information Services via COMTEX) -- -- -- Like a lot of people in the room Saturday, Russ is in a bind that has do with his ...
More... (Foreclosure News, Education, and Updates, Mortgage News)
NOBODY wins when a home enters foreclosure — neither the borrower, who is evicted, nor the lender, who takes a loss when the home is resold. That’s the conventional wisdom, anyway.
The reality is very different. ...
More... (Foreclosure News, Education, and Updates, Mortgage News)
LACEY — Thurston County foreclosure notices have increased more than 50 percent in the first quarter of 2008 compared with the same period last year, prompting one real estate agent to begin offering tours of ...
More... (Foreclosure News, Education, and Updates, Real Estate News)
Countrywide Financial Corp. said the foreclosure rate on its 9 million mortgages rose to 1.64 percent last month from 0.8 of a percent in February 2007.
The Calabasas-based mortgage lender had a 1.48 percent foreclosure rate ...
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