Latest Bank Foreclosures News

Proposed Mortgage Deal Said to Be Limited to Foreclosures - BusinessWeek - Fri, 27 Jan 2012 19:18:24 GMT

New York Post Proposed Mortgage Deal Said to Be Limited to Foreclosures BusinessWeek 27 (Bloomberg) -- A proposed multistate settlement to resolve probes of flawed foreclosure practices won't release banks from criminal liability, according to a person briefed on the talks. Any final agreement will be narrowly focused to release banks ... Mortgage deal draws detractors from all sides Fox News Mortgage fraud task force launched MarketWatch The lefts bank cop New York Post msnbc.com all 862 news articles »

Analysis: Banks expect to spend less on bad mortgages - Reuters - Fri, 27 Jan 2012 20:24:10 GMT

Moneycontrol.com Analysis: Banks expect to spend less on bad mortgages Reuters With fewer problem loans to process, the banks could reduce the army of back-office staffers who handle the paperwork and phone calls required by foreclosures . Bank executives are under pressure from investors to reduce expenses to improve profits amid ... The Next US Housing Market Bailout The Market Oracle all 30 news articles »

Bank Foreclosure Deal Reviewed by States as Delaware Drops Out - BusinessWeek - Tue, 24 Jan 2012 06:09:42 GMT

Palm Beach Post Bank Foreclosure Deal Reviewed by States as Delaware Drops Out BusinessWeek 24 (Bloomberg) -- State attorneys general reviewed a proposed settlement with banks over foreclosure and mortgage- servicing practices that negotiators are pressing to complete as Delaware said it would reject a deal said to total $25 billion. Florida Attorney General bashes states that rejected nationwide foreclosure ... Palm Beach Post Foreclosure deal may be in trouble Philadelphia Inquirer (blog) California attorney general rejects foreclosure settlement Sacramento Bee Washington Post - Baltimore Sun all 476 news articles »

Foreclosure Crisis: The Twisted World Of Mortgage Lender Error - Huffington Post - Fri, 27 Jan 2012 17:24:16 GMT

Foreclosure Crisis: The Twisted World Of Mortgage Lender Error Huffington Post Instead, GMAC twice started a foreclosure action. GMAC claimed it had no record of any payment being received. The Grays have submitted bank statements that appear to show GMAC returning the $768 payment -- several times. GMAC has since assessed more ... and more »

Bill takes aim at Colorado foreclosures - Denver Post - Sat, 28 Jan 2012 08:03:14 GMT

Bill takes aim at Colorado foreclosures Denver Post By David Migoya A years-old practice allowing foreclosure attorneys simply to attest with a signature that a bank has the right to take someone's home rather than produce the actual mortgage documents is the target of new legislation. and more »

Obama administration to extend and expand foreclosure relief program - Fox News - Fri, 27 Jan 2012 20:45:15 GMT

Los Angeles Times Obama administration to extend and expand foreclosure relief program Fox News The Obama administration has blamed some of the nation's biggest mortgage lenders for not doing enough to help Americans avoid foreclosures . In June, the Treasury Department criticized four lenders -- JPMorgan Chase, Bank of America, Wells Fargo and ... Broad refinancing for homeowners announced Reno Gazette Journal all 157 news articles »

Foreclosures made up 20 pct. of home sales in 3Q - Fox News - Thu, 26 Jan 2012 05:21:34 GMT

Chicago Tribune Foreclosures made up 20 pct. of home sales in 3Q Fox News LOS ANGELES â€\" Foreclosures made up a smaller slice of all US homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed. Despite the decline, foreclosures still represented 20 percent of all homes sold ... Foreclosure Properties Decline to 20% of Home Purchases in US BusinessWeek Foreclosure -Related Properties Decline to 20% of Home Purchases in U.S. Bloomberg all 393 news articles »