Foreclosures Are Rising in 21 States
Foreclosures Are Rising in 21 States
By Suzy Khimm, Washington Post, March 14, 2012
Nationally, foreclosures are creeping downward: The total number of new foreclosure filings dropped 2 percent from January to February, according to RealtyTrac — and that’s an 8 percent decrease from February 2011. Also read the Los Angeles Times, Globe Street, Reuters, CNN, and Businessweek.
20 Cities Where Foreclosures Are A Huge Problem
By Mamta Badkar, Business Insider, March 14, 2012
Foreclosure filings in the U.S. declined by 2 percent in February from the previous month. Filings are down 8 percent from a year ago. But the latest U.S. foreclosure market report from RealtyTrac shows that ten of the nation's twenty largest metro areas saw year-over-year increase in foreclosure activity.
Southland Home Sales Improve as Wall Street Eyes Foreclosures
By Alejandro Lazo, Los Angeles Times, March 14, 2012
A Southland home sales recovery gained steam in February as a record number of deep-pocketed investors snapped up distressed properties at bargain-basement prices. With so many purchases of low-end homes, median prices remained in a slump.
Whistleblowers Reap Millions in U.S. Mortgage Suits
By Rick Rothacker, Reuters, March 14, 2012
Troubled homeowners are not the only ones set to get a financial lift from the U.S. government's $25 billion landmark mortgage settlement. Whistleblowers who were instrumental in revealing epidemic mortgage abuses, some of whom risked their careers to do so, are getting multi-million-dollar payouts, court documents show.
Bank of America: Too Crooked to Fail
By Matt Taibbi, Rolling Stone, March 14, 2012
The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out?