Foreclosure News

After all, Florida's Tampa Bay reported the nation's third highest rate of foreclosures as recently as May. But those seeking in-person help from the government will be out of luck.

The number housing starts rose 7 percent to an annual pace of 914,000 homes, according to a government report out Tuesday.

Architects of the foreclosure changes dropped an initial controversial plan to shorten the redemption period to 60 days during which Michiganians with troubled loans could make 11th-hour efforts to save their homes.

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump .

In recent months, the Inland Empire real estate market has been steadily improving.

Oroville city firefighters protest proposed layoffs along Oro Dam Boulevard on Friday in Oroville.

Bank of America routinely denied qualified borrowers a chance to modify their loans to more affordable terms and paid cash bonuses to bank staffers for pushing homeowners into foreclosure, according to affidavits filed last week in a Massachusetts lawsuit.

Is the housing recovery for real? It looks that way, as a key measure of home builder confidence crossed a major threshold Monday.

Former employees say in a lawsuit that Bank of America rewarded staff with cash bonuses and gift cards for meeting quotas connected to sending homeowners into foreclosure, Bloomberg reported.

Editor's note: This article originally ran at ncpolicywatch.com and is reprinted with permission of the author.

On Wednesday, the House Financial Services Committee passed a package of foreclosure bills that will set Michigan back decades in its efforts to prevent foreclosures and the damage they cause to families, neighborhoods, communities and our still fragile economy.

According to a lawsuit in Massachusetts federal court filed by six former Bank of America employees, service representatives were told to lie to homeowners, telling them their paperwork and payments had not been received, when in reality they had.

" Real Housewives of New Jersey " star Jacqueline Laurita will NOT have to live in a cardboard box ... TMZ has learned she struck a deal with her bank and SAVED her mansion from foreclosure! TMZ broke the story ... the reality TV star was sued by Hudson City Savings earlier this year.

The recent recovery in housing has led to immense optimism among investors that the worst of the housing bust is behind us.

The recent downturn in the real estate market has forced many properties into foreclosure or short sale.

By Bill Streeter, editor-in-chief, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it In her first speech to a banking group, Federal Reserve Board Governor Elizabeth Duke urged bankers to make reasonable accommodations to at-risk mortgage borrowers, and said that any changes should be sustainable.

Today's economic climate has caused an ever-growing number of borrowers to be in default and subject to the non-judicial foreclosure process.

Jose Santos Benavides, 42, lives with daughter Gloria, 6, and the rest of his family in a Rockville apartment.

Thousands of Tennesseans have been getting checks in the mail this week as part of the largest state and federal settlement of its kind ever.

I, for one, have been glued to the news about NSA surveillance , and personally think Glenn Greenwald has done Americans a massive service.