Foreclosures showed few signs of slowing during the first half of the year, with a sharp increase in new filings occurring during the second quarter.
Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.
The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.
The number of homes entering foreclosure dropped in February, but a new up-turn may soon be on its way.
Five years after the housing bubble burst, America's wealthiest families are now losing their homes to foreclosure at a faster rate than the rest of the country -- and many of them are doing so voluntarily.
Millions of borrowers who suffered financial losses because their mortgage lenders played fast and loose while processing their foreclosures now have two ways of getting a payback.
Foreclosures picked up in January, yet another sign that the nation's huge glut of delinquent homes may soon start making their way onto the market.
States are getting $2.5 billion from the national mortgage settlement, but not all of that money is going to help troubled homeowners.
The mortgage settlement agreed to by 49 state attorneys general seems to be yet another stroke of good luck for the banks. Ostensibly, the settlement commits the banks to pay $26 billion to the government and homeowners to compensate for improper conduct in the foreclosure process.
Even as the $26 billion mortgage settlement helps hundreds of thousands of troubled homeowners, it will bring a wave of new foreclosures.
The nation's five largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008.
Slowly, but surely, the foreclosure crisis seems to be abating.
Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.
The housing collapse has dramatically changed the nation's foreclosure landscape.
Foreclosure filings and repossessions fell to their lowest level since 2007 last year.
Federal officials hope to launch a pilot program in early 2012 to convert government-owned foreclosures into rental properties.
Foreclosure filings may have fallen in November but the number of homes scheduled for bank auctions grew significantly, indicating that a new wave of foreclosures are set to take place in the New Year.
updated: Sat Dec 10 2011 07:14:00
Occupy Boston protesters remained in a city square after a midnight deadline passed for them to clear out.
Neighbors said the house on Vermont Street in Brooklyn's East New York neighborhood had been vacant for years. Three years ago the now-defunct predatory lending bank Countrywide refused to renegotiate the ballooning interest rate on a mortgage filled with hidden clauses and traps. Instead, Countrywide sold the mortgage to Bank of America, which, in turn, initiated foreclosure proceedings. In the East New York neighborhood, one of the poorest parts of the United States, more than 16 per 1,000 homes are in foreclosure, the highest rate in New York City and one of the highest nationwide.
Saying their states are hardest hit by the nation's foreclosure and mortgage crises, the attorneys general of California and Nevada formalized Tuesday a joint investigation alliance to help homeowners victimized by fraud, officials said.
The Massachusetts attorney general sued some of the nation's biggest banks on Thursday, accusing them of "unlawful and deceptive conduct in the foreclosure process."
Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season.
A Nevada grand jury has indicted two people allegedly involved in a "massive" robo-signing scheme, the state's attorney general said Thursday.
Home foreclosure filings rose in the third quarter, as recent declines in the rate of new foreclosures came to an end, according to an industry trade group.
The number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year.
Homeowners whose lenders played fast and loose with their foreclosures may be in for a payday.
Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on.
Foreclosure filings rose in August, as more homebuyers fell behind on their mortgage payments.
If the Obama administration really wants to save the housing market, it should speed up the foreclosure process -- not prolong the inevitable, experts say.
Foreclosure filings dropped once again in July, hitting their lowest level since November 2007, as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes.
Foreclosures declined in more than 84% of U.S. metro areas during the first half of the year, according to the latest report from RealtyTrac, an online marketer of foreclosed properties. But that doesn't mean these markets are staging a turnaround.
Foreclosure filings fell dramatically during the first half of the year as processing delays at the banks, which are strapped with excess inventory of repossessed homes, continued to skew the numbers -- and falsely raise hopes that the housing market is staging a recovery.
Foreclosure filings experienced their eighth straight month of declines, according to RealtyTrac.
The number of foreclosure filings issued in April plunged 34% from a year ago -- the seventh straight month of declines.
On the surface, the foreclosure crisis seems to be easing. The number of foreclosure notices filed during the first three months of 2011 fell 27% compared with the first quarter of 2010, according to a report from RealtyTrac released Thursday.
Florida desperately needs more foreclosures ... or its court system does, at least.
Is our long national foreclosure nightmare ending?
Foreclosure filings plunged in January, but don't shake those pom-poms yet. It's strictly a fake out.
Sometime, somehow, the foreclosure crisis will ease. But probably not anytime soon.
Las Vegas is once again the foreclosure king.
Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year.
The number of foreclosure notices filed in November plunged 21%, the biggest month-over-month drop ever recorded by RealtyTrac, the online foreclosure marketer. Filings fell 14% compared with November 2009.
Bank of America said Friday it was ending its hiatus on foreclosure sales, and promised to get its act together after a series of sloppy home seizures prompted the bank to back off and re-examine its process.
Several of the big mortgage players are playing Santa Claus again this year, saying they will not evict borrowers in default during the two weeks surrounding Christmas.
Foreclosed properties are selling at a discount that can only be described as HUGE!
Big banks are having trouble restarting the foreclosure process after this fall's "robo-signing" scandal, and the once booming market for foreclosed homes has been hit hard as a result.
There's a large number of homes, either already repossessed by lenders or very seriously delinquent, that are poised to be added to the already glutted supply of homes on the market.
Mortgage delinquency rates dropped in the last three months -- but only because more borrowers had their homes repossessed. You can't be late on your mortgage payment if you've already lost your home.
A Congressional watchdog group said Tuesday that U.S. banks should undergo stress tests to determine whether or not they have enough money to absorb losses that could stem from investigations into their foreclosure processes.
Foreclosures fell in October, but it's not because fewer people are losing their homes. Instead, the market is seeing a temporary stay from banks freezing foreclose auctions to review loan documents.
On a recent Wednesday night, my wife and I found ourselves in an otherwise empty Beale Street bar surrounded by a group of Australian men.
The Obama administration is singing a different tune about foreclosures.
Halted foreclosures? Robo-signers? Shoddy paperwork?
It only took him a second to sign each foreclosure document.
The usual suspects led the list of top cities for foreclosure filings during the last three months.
Tony Louzado is facing foreclosure. He's not alone -- in central Florida, where Louzado lives and works, one in every 56 homes is in foreclosure.
A federal probe investigating five large mortgage servicers has found some improper foreclosures, but officials have yet to find systemic, "structural" problems with processing, according to the U.S. Housing Secretary.
You want to buy a foreclosure? It has gotten a lot harder the past couple of weeks.
Federal law enforcement officials said Tuesday the probe of potential fraud by financial firms in the foreclosure crisis includes an investigation into possible criminal violations of federal laws.
The sheriff of Cook County, Illinois says he will stop evicting residents from foreclosed properties unless he is assured that the foreclosures are legitimate.
Major mortgage servicers are broadening their investigations into the possible mishandling of foreclosures.
Bank stocks have been shellacked lately as investors worry about what impact the foreclosure scandal will have on the results for the nation's largest financial institutions.
Ohio's top law enforcement official, firing another shot across the bow of Ally Financial, asked a judge on Friday to stop the sale of foreclosed homes in cases that relied on faulty paperwork.
Bank repossessions and foreclosure auctions hit record levels in the third quarter, RealtyTrac said on Thursday.
The top prosecutors in all 50 states announced Wednesday a coordinated probe into improper foreclosures by the nation's largest loan servicers, but stopped short of calling for a freeze on all foreclosures.
JPMorgan Chase is expanding its review of foreclosure documents, according to a person close to the bank.
The Obama administration opposes a moratorium on home foreclosures, but wants problems involving improper paperwork resolved as quickly as possible, senior adviser David Axelrod said Sunday.
Bank of America is halting foreclosure sales in all 50 states as part of a widening investigation into flaws in the process, the company announced Friday.
Get ready for a bumpy ride in the housing market.
Pressure is mounting on U.S. banks to halt more foreclosures amid widespread allegations that loan servicers failed to verify legal documents in what could be hundreds of thousands of cases.
Bank of America is the latest in a string of banks to freeze home foreclosures in 23 states as it investigates whether there were flaws in its process.
Homes lost to foreclosure now make up a quarter of the real estate market -- and they're selling at big bargains.
The foreclosure crisis has entered a new phase: The number of properties entering the foreclosure process has dropped, and now nearly matches the number of repossessions.
The president's signature foreclosure rescue plan is losing its punch, according to a federal report released Friday.
Foreclosure filings climbed in 75% of the nation's metro areas during the first half of 2010, according to a report issued Thursday.
More delinquent homeowners learned last month that they don't qualify for foreclosure help in the Obama administration's program, according to federal data released Tuesday.
The foreclosure plague seems to have reached its peak and started to fade, but the recovery is still fragile.
Foreclosures accounted for a third of all sales -- and sold at a nearly 30% discount -- during the first three months of 2010.
In a housing market still struggling to regain strength, Fannie Mae and Freddie Mac have quickly become two of the nation's biggest landlords. By the end of March, the troubled mortgage finance companies had taken over 163,828 foreclosed houses. That's more homes than there are in Seattle.
Banks are seizing more foreclosed homes even as the number of people falling behind on their mortgages is declining.
With mortgage delinquencies at an all-time high, there are lots of desperate homeowners seeking to avoid foreclosure -- and tons of scam artists trying to take advantage of that.
The foreclosure plague may have finally reached its peak in April 2010 -- but don't expect delinquency statistics to plummet anytime soon.
You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls in this market.
Foreclosure filings declined in more than half of the country's worst-hit spots in the first three months of 2010. But that doesn't mean the healing has begun.
The housing market has seen some positive signs recently, such as stabilizing home prices and increased sales, but foreclosures continue to haunt the market.
The Obama administration's mortgage-modification program is not keeping pace with the deluge of foreclosures hitting the market, a government watchdog found.
More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program.
The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing.
First, the good news: Foreclosure filings dropped nearly 10% between December and January.
Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona.
Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.
Citigroup will suspend foreclosures and evictions for 30 days, giving 4,000 at-risk borrowers a break during the holiday season, the company said Thursday.
Stocks rallied Thursday as investors sorted through a bevy of reports on jobs, housing, net worth and the deficit -- and opted to scoop up a variety of shares.
As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers.
Could the foreclosure plague be ending?
Fewer people are underwater on their mortgages -- further evidence that the real estate free-fall may be slowing.
While foreclosure rates are easing in some of the hardest-hit cities, the crisis is beginning to expand into new metro areas.
Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.
A controversial $3.9 billion federal program aimed at saving neighborhoods blighted by foreclosure is hitting hurdles that could threaten its effectiveness.
The foreclosure crisis grinds on amid signs of hope.
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