FORECLOSURES LOCAL NEWS/INFORMATION

Key states move closer to foreclosure-abuse deal - Wall Street Journal
Tue, 07 Feb 2012 06:13:28 GMT

Key states move closer to foreclosure-abuse deal
Wall Street Journal
AP WASHINGTON — California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households.
Foreclosure Settlement: More Than 40 States Join On Before DeadlineHuffington Post
Banks Paying Homeowners a Bonus to Avoid Foreclosures: MortgagesBusinessWeek
Foreclosure settlement: Who's involved and what are the stakes?Washington Post
San Francisco Chronicle
all 476 news articles »

Company Faces Forgery Charges in Mo. Foreclosures - New York Times
Tue, 07 Feb 2012 03:15:08 GMT

Company Faces Forgery Charges in Mo. Foreclosures
New York Times
One of the largest companies that provided home foreclosure services to lenders across the nation, DocX, has been indicted on forgery charges by a Missouri grand jury — one of the few criminal actions to follow reports of widespread improprieties ...

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Foreclosure activity drops 20 percent in Santa Clara County - San Jose Mercury News
Tue, 07 Feb 2012 03:37:26 GMT

Foreclosure activity drops 20 percent in Santa Clara County
San Jose Mercury News
By Rose Meily, for Silicon Valley Community Newspapers Foreclosure activity in California dropped in the fourth quarter of 2011 to the second lowest level in more than four years, a significant shift that could be due to evolving lender and mortgage ...

Foreclosure Mediation Can Save Millions of Homes and Taxpayer Money - MarketWatch (press release)
Mon, 06 Feb 2012 16:01:25 GMT

Foreclosure Mediation Can Save Millions of Homes and Taxpayer Money
MarketWatch (press release)
There's already a proven inexpensive solution that can help head off the predicted 10 million homes in the United States that will be lost to foreclosure over the next several years. A new report from the National Consumer Law Center (NCLC), ...

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Banks in Mortgage Deal Are Said to Demand New York MERS Lawsuit Be Dropped - Bloomberg
Tue, 07 Feb 2012 00:12:37 GMT

WISC Madison

Banks in Mortgage Deal Are Said to Demand New York MERS Lawsuit Be Dropped
Bloomberg
The proposed nationwide settlement would set requirements for how the banks conduct foreclosures, provide mortgage refinancings for underwater borrowers, and both fund loan principal reductions and make payments to states and borrowers who lost their ...
BofA, JPMorgan, UBS, Foreclosure Deal, Goldman in Court NewsBusinessWeek
NY Attorney General Sues Banks in Foreclosure EffortInsurance Journal
JP Morgan, BoA and Wells Fargo sued over 'fraudulent' mortgage IT systemComputerworldUK
WISC Madison -Courthouse News Service -EconoMonitor (blog)
all 77 news articles »

Democratic lawmakers offer bills addressing foreclosure crisis - Cronkite News
Tue, 07 Feb 2012 01:57:06 GMT

Democratic lawmakers offer bills addressing foreclosure crisis
Cronkite News
Anna Tovar, D-Tolleson, that would grant homeowners on the brink of foreclosure the right to rent houses they can no longer afford to own is among several that Democratic lawmakers say would help address the state's lingering foreclosure crisis.

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Foreclosures at the High End Increase - LoanSafe
Mon, 06 Feb 2012 17:26:23 GMT

Foreclosures at the High End Increase
LoanSafe
Throughout affluent communities in the Bay Area, million-dollar-and-up homes are increasingly being lost to foreclosure, or sold as a last resort for far less than their mortgages. More than 1500 Bay Area homes with mortgages of $1 million or more were ...

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Biden dings Mitt on foreclosures, Newt on food stamps - Politico (blog)
Mon, 06 Feb 2012 23:36:37 GMT

Deseret News

Biden dings Mitt on foreclosures, Newt on food stamps
Politico (blog)
From the pool report: “Mitt Romney says the best way to deal with foreclosures is to let everything hit the bottom.” (The crowd muttered loudly) “No, no, no, no – by the way, from purely a dollars and cents standpoint, he could get ready to argue that, ...
Biden's 2012 message: 'Osama Bin Laden is dead and General Motors is alive'CNN (blog)

all 124 news articles »

Housing plan helps nearly 1 million homeowners - Reuters
Mon, 06 Feb 2012 22:50:58 GMT

RisMedia.com (press release)

Housing plan helps nearly 1 million homeowners
Reuters
| WASHINGTON (Reuters) - Nearly 1 million US homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the US Treasury said on Monday, only a fraction of the total ...
Obama Moves Forward with Foreclosure PreventionRisMedia.com (press release)
Cost of More Foreclosures to the Economy Is Too HighU.S. News & World Report
Latest Obama Housing Scorecard Shows 5.6 Million Loan Mods to DateNational Mortgage Professional Magazine
Newsworks.org -Victorville Daily Press -JD Supra (press release)
all 54 news articles »

Feds shed foreclosures as rentals - Bucyrus Telegraph Forum
Mon, 06 Feb 2012 12:38:42 GMT

Los Angeles Times

Feds shed foreclosures as rentals
Bucyrus Telegraph Forum
But officials are saying only that test sales will occur "in the near-term," with a focus on the areas hardest hit by foreclosures. They declined to comment beyond a news release. It's too soon to say whether the Mansfield area, where the government ...
A Mortgage Tornado Warning, UnheededNew York Times
Fannie Mae's Foreclosure Rental Program Could Save Housing MarketGo Banking Rates
Refloating the housing marketLos Angeles Times
The Real Deal New York (blog) -Housing Predictor -Bend Bulletin
all 91 news articles »

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