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Foreclosure News

Foreclosures news continually updated from thousands of sources around the net.

2 hrs ago | WTOV9.com

Fannie, Freddie Bailout

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.

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Related Topix: Home, Mortgage, Personal Finance

6 hrs ago | Newsday

Jobless: 10 percent is tougher than it used to be

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

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Related Topix: Economics News, Bankruptcy, Schaumburg, IL, Home, Mortgage, Personal Finance

10 hrs ago | Bloomberg

Home-Price Slide Will Continue Through Mid-2010, Pimco's Scott Simon Says

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.

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Related Topix: Housing, Home, Mortgage, Personal Finance, Newport Beach, CA, US News

15 hrs ago | Boston Herald

Barney Frank: Lend jobless a hand

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

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Related Topix: US Politics, US News, US House of Representatives, Barney Frank, Democrat, Boston Metro, Home, Mortgage, Personal Finance

Fri Nov 06, 2009

WBOC-TV Salisbury

Sussex County to Co-host Foreclosure Prevention Seminar

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.

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Related Topix: Milton, DE, Home, Mortgage

MSN Money

Freddie Mac posts $5 billion loss

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.

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Related Topix: Home, Mortgage, Personal Finance, Housing

Newsday

Looking for land in all the right places

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.

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Related Topix: Housing, Irvine, CA, Construction, Pulte

Huntington News

Builders Applaud Congress on Extending Home Buyer Tax Credit

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.

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Related Topix: Real Estate, Tulsa Metro, Housing

Denver Daily News

Subprime lending drops in Colorado

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.

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Related Topix: Mortgage, Personal Finance, Home

Observer

People's Law School seminar offers .....

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.

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Related Topix: Cattaraugus County, NY, Chautauqua County, NY, Home, Mortgage, Personal Finance, Dunkirk, NY

Thu Nov 05, 2009

Asbury Park Press Online

Time Warner Cable 3Q profit falls 11 percent

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.

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Related Topix: Cable & Satellite, Telecom, Time Warner, Media, Computers

Philadelphia's WB 17

Senate extends home-buyer tax credit and jobless aid

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

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Related Topix: Home Listing, Home, Real Estate, Housing, California, Mortgage

LSJ.com

Lawsuit: Wayne Co., MI foreclosures were illegal

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.

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Related Topix: Wayne County, MI, Bloomfield Hills, MI, Detroit Metro

WPLG

Fannie To Rent Homes Instead Of Foreclosing

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.

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MyFoxOrlando

Justices consider foreclose mediation

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.

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Related Topix: Home, Mortgage, Personal Finance, Miami Metro, Palm Beach County, FL

KSAW 51

Judge: Tamarack Group can Intervene in Lawsuit

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.

Comment?

Wed Nov 04, 2009

Colorado Springs Business Journal

County breaks foreclosure record

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.

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WAVY-TV Portsmouth

Regs proposed to help stop foreclosure

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

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Related Topix: North Carolina, Home, Mortgage, Personal Finance

WJHG-TV Panama City

Florida Justices Consider Mediation for Foreclosures

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.

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Related Topix: Mortgage, Personal Finance, Home

New York Times

Pulte Homes Posts Wider Loss

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.

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Related Topix: Construction, Pulte, Centex, Home, Mortgage, Housing, Business News

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