December 2010

( Source: USA TODAY ) – The number of U.S. homeowners who owe more on their homes than the homes are worth dipped slightly in the last quarter to 10.8 million. But the drop was driven mostly by homes slipping [...]

A David vs. Goliath battle is developing this holiday season between hard-working families facing foreclosure and banking giants such as Wells Fargo and JP Morgan Chase.

Economists are worried that the housing sector may be heading into another downdraft as mortgage lenders continue to tighten already restrictive lending standards.

Contra Costa Times – Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to his front step, a U.S. marshal’s sedan was peeling out of [...]

A 39-year-old Dearborn woman pleaded guilty to conspiracy to commit wire fraud in connection with the Metro West Title Co. she owned, U.S. Attorney Barbara McQuade said. Authorities said Sarah Fawaz conspired to pay kickbacks to mortgage brokers in exchange [...]

State prosecutors from all 50 states are investigating the country’s largest banks, to learn whether they have been foreclosing on thousands of Americans improperly.

An index that measures how many homeowners are underwater on their mortgages fell for the third consecutive quarter but the decrease was more attributed to completed foreclosures than any gain in home values.

A behind-the-scenes battle is forming over a provision to the sweeping bank-overhaul law that will affect mortgage availability.

The top federal agencies responsible for setting housing policy are clashing over a new program designed to help borrowers whose homes are worth less than they owe on their mortgages, according to industry and government sources.

Scores of Palm Beach County homes were sold to investors at foreclosure auction this month for as low as $200 following the collapse of the David J. Stern law firm and ensuing confusion as thousands of its cases are reassigned.

SARASOTA, Fla. (AP) — The American Civil Liberties Union is appealing a judge’s decision to keep videotaped depositions of so-called foreclosure “robo-signers” off the Internet.

Barely a week goes by without someone contacting me to say that a bank is trying to steal their home. Often, this “theft” is the result of unpaid mortgages that have resulted in foreclosure. But every so often, I hear [...]

Thousands of Florida mortgage brokers will be out of work after Dec. 31. That’s the deadline for seeking new loan originator licenses under the Nationwide Mortgage Licensing System. The state Office of Financial Regulation said Tuesday it had gotten only [...]

Image by Getty Images via @daylife MSNBC – In an effort to help with the expecting tsunami of foreclosures, the government is putting pressure on Fannie Mae and Freddie Mac to modify their “underwater” mortgages when people fall behind on [...]

In an effort to fight his country’s current housing crisis, Will.i.am is taking the matter into his own hands. In an interview with U.K. newspaper “The Sun,” the Black Eyed Peas frontman, born William Adams, talked about his mortgage relief [...]

PHOENIX – Phoenix police Lts. Mark Tallman and Lee Brent Shaw have been placed on administrative leave after settling a mortgage fraud lawsuit with the attorney general. In the judgment, they agree to pay $458,000, much of which will go [...]

Although profits were rolling in, LPS’s stock had taken a hit in the wake of revelations that mortgage companies across the country had filed fraudulent documents in foreclosures cases. Earlier in the year, the company, which handles more than half [...]

Organizations like City Life and No One Leaves are vital, Beacham said, because banks can be deceptive in “a whole host of ways, from the time people first buy their homes right through to eviction.”