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California Foreclosure Moratorium

California Foreclosure Moratorium KCBS Starting today, banks in California cannot foreclose a mortgage without either renegotiating the loan or giving the homeowner three months notice. There have been more than 365,000 foreclosures in California since...

Published Mon, Jun 15 2009 9:03 AM by Octavion

Filed under: foreclosure rates, foreclosures

Third Straight Month at 300,000 Plus

After hitting a record-high of more than 342,000 in April, U.S. foreclosure activity backed down 6 percent in May, with 321,480 properties receiving a foreclosure filing during the month, according to the RealtyTrac U.S. Foreclosure Market Report released...

Published Thu, Jun 11 2009 6:30 AM by darenb

Filed under: Foreclosure Trends, foreclosure rates, foreclosure numbers, foreclosure statistics

SEC Expected to Approve Civil Charges Against Mozilo

SEC Expected to Approve Civil Charges Against Mozilo Wall Street Journal The Securities and Exchange Commission is expected to approve civil fraud charges against former Countrywide Financial Corp. executives as soon as today, including founder and former...

Published Fri, Jun 5 2009 8:44 AM by Octavion

Filed under: foreclosure rates, foreclosures

Foreclosures Drive April House Sales

Foreclosures Drive April House Sales Los Angeles Daily News Foreclosures accounted for more than half of the homes sold in Southern California last month, spurring the market but pushing down the median price to $247,000, the lowest in more than seven...

Published Wed, May 20 2009 9:30 AM by Octavion

Filed under: foreclosure rates, foreclosures, foreclosures rates

New-Home Sales, Prices Decline

New-Home Sales, Prices Decline Wall Street Journal New-home sales fell in March but only mildly after a surge the month before, while the median price kept sliding, a sign the housing crisis hasn't ended. Sales of single-family homes decreased by...

Published Fri, Apr 24 2009 10:38 AM by Octavion

Filed under: foreclosure rates, foreclosures, housing

Foreclosure Scams Are Target of Crackdown

Foreclosure Scams Are Target of Crackdown Washington Post Federal and state officials are cracking down on foreclosure-rescue scams, the Obama administration said yesterday as it pledged to take on a growing industry that's targeting borrowers who...

Published Tue, Apr 7 2009 10:13 AM by Octavion

Filed under: foreclosure rates, foreclosures, ForeclosureTrends

'Shadow' Supply Of Foreclosures May Delay Housing's Recovery

'Shadow' Supply Of Foreclosures May Delay Housing's Recovery Investors Business Daily Lenders are holding "between 600,000 and 700,000 residential properties that are not on the multiple listing service (MLS)," said Rick Sharga,...

Published Wed, Mar 25 2009 8:42 AM by Octavion

Filed under: Foreclosure Trends, foreclosure rates, housing, buying, foreclosures for sale

Freddie's 2008 Loss Exceeds $50 Billion

Freddie's 2008 Loss Exceeds $50 Billion Washington Post Freddie Mac reported yesterday that it lost $50.1 billion last year, almost half of it in the final three months of 2008, and would need an additional $30.8 billion in taxpayer assistance to...

Published Thu, Mar 12 2009 10:50 AM by Octavion

Filed under: foreclosure rates, foreclosures, real estate, foreclosure filings

Foreclosed Houses Haunt Home Builders

Foreclosed Houses Haunt Home Builders Wall Street Journal As the normally hot spring selling season begins, two houses in the Inland Empire region of Southern California sum up the big problem facing many of the nation's largest home builders. One...

Published Wed, Mar 11 2009 8:17 AM by Octavion

Filed under: foreclosure rates, foreclosures, ForeclosureTrends, financial markets

25 People to Blame for the Financial Crisis

25 People to Blame for the Financial Crisis TIME Magazine Who’s at fault? The good intentions, bad managers and greed behind the financial meltdown is exposed by TIME Magazine. View the list. HUD Secretary, Congress Debate Foreclosure Plans Washington...

Published Fri, Feb 27 2009 10:33 AM by Octavion

Filed under: Foreclosure Trends, foreclosure rates, mortgage meltdown, housing, RealtyTrac Inc.

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