California, New York Help Push Foreclosure Accord to Completion
California, New York Help Push Foreclosure Accord to Completion
By Bloomberg, Bloomberg Businesssweek, February 9, 2012
California and New York, along with Florida, agreed to join more than 40 other states in a nationwide settlement 16 months in the making that seeks to end abusive bank foreclosure practices that followed the collapse of the housing bubble, a person familiar with the matter said.
What the foreclosure settlement means for you
By Les Christie, CNNMoney, February 9, 2012
NEW YORK — 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.
Swing-state foreclosures may dog President Obama
By Joseph Williams, Politico, February 8, 2012
The economy’s given President Barack Obama reason to feel good about his prospects lately, with unemployment heading down and consumer confidence on the upswing. But there’s trouble looming on another front: the housing market’s still struggling, especially in states key to his reelection prospects.
Bill to speed up foreclosure process gains momentum
By Ben Wolford, naplesnews.com, February 8, 2012
TALLAHASSEE — As foreclosure legislation gains momentum, clearing a House hurdle Wednesday, opposition is growing louder from Southwest Florida residents and some lawmakers who say the bill lacks protections for struggling homeowners.
Builders group sees pickup in housing this year
By Alex Veiga, The Associated Press, February 8, 2012
LOS ANGELES — The U.S. housing market will begin to mount a turnaround this year, building toward a solid recovery in 2013, according to a forecast issued Wednesday by the chief economist of a homebuilding industry trade group.