Foreclosure News

A large cloud of confusion has hit consumers trying to make sense of the government's billion-dollar bailout of mortgage guarantors Fannie Mae and Freddie Mac.

Americans have more than triple the debt they had in 1982, and less than half the savings.

The slump in U.S. housing prices is unlikely to end before the middle of next year, and data showing values are rising is misleading, according to Pacific Investment Management Co.

Boston Herald General Economics Reporter Jay Fitzgerald has been a journalist and blogger for years.

GEORGETOWN , Del.- The Sussex County Department of Community Development & Housing, in partnership with the Delaware Attorney General's Office and the Office of the State Bank Commissioner, will host another free foreclosure prevention seminar for those trying to avoid the loss of their homes.

Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.

But now homebuilders are on the hunt again, vying for choice parcels even in foreclosure-riddled markets like Las Vegas , Southern California and Orlando, Fla., where prices are cheap and there are early signs of a recovery.

Nov. 6, 2009 Builders Applaud Congress on Extending Home Buyer Tax Credit By David M. Kinchen Huntingtonnews.net Real Estate Writer To the surprise of absolutely nobody, the National Association of Home Builders on Thursday, Nov.

Subprime lending marked a sharp drop last year in Colorado, representing the stateA's declining economy and slowing extension of credit, according to a report released yesterday by the Attorney GeneralA's office.

According to the Oct. 28 issue of Newsweek, the foreclosure crisis has escalated to a 22.5 percent increase over the past year and more middle class homeowners and renters are finding themselves facing eviction.

Time Warner Cable Inc., the nation's second biggest cable TV operator, said Thursday its profit fell 11 percent in the third quarter, weighed down by heftier interest expenses after piling on debt to separate from its parent, Time Warner Inc.

The measure is expected to be approved by the House and signed by Obama within days.

A lawyer who has filed a proposed class-action lawsuit says tens of thousands of foreclosures in Wayne County are unlawful because sheriffs did not follow state law when they conducted foreclosure auctions.

Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.

Mediation would be a good way to expedite a flood of mortgage foreclosures, members of a foreclosure task force said Wednesday, but some disagreed on the details in oral arguments before the state Supreme Court.

A judge will let Tamarack Resort property owners participate in a foreclosure lawsuit over the failed Idaho vacation getaway, but refused to endorse their plan to use a Mexican real-estate lender's cash to open skiing this winter.

A El Paso County has broken its foreclosure record. Public TrusteeA Tom Mowle said this morning that 4,603 foreclosure starts have been reported, surpassing last year's total of 4,602 - and there are still two months left in the year.A "Last year, you may recall, broke the record of 3,556 set in 2007," he said.

North Carolina officials have proposed several new regulations that would help families struggling to keep their homes.

Members of the Florida Supreme Court's residential mortgage foreclosure task force agreed that mediation would be a good way to expedite a flood of such cases.

Filed at 9:38 a.m. ET Pulte Homes Inc. lost $361.4 million in the third quarter, but with the acquisition of Centex Corp.