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Mortgage Delinquency Rate Hits All Time High in 2Q Associated Press The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning...
Few Qualified Delinquent Borrowers Getting Federal Help Washington Post Less than 10 percent of delinquent borrowers eligible for the Obama administration's $75 billion foreclosure prevention program have received help so far, according to Treasury...
Government Must Find a Way to Save Homes Miami Herald (Editorial) The Great Recession, as the economic crisis has been dubbed, started with a housing bust. Today, the housing failure is still driving the economy down, with the unstoppable foreclosure...
From Treasury to Banks, an Ultimatum on Mortgage Relief New York Times Remember that infamous meeting last October at the Treasury Department, the one where then-Secretary Henry Paulson locked the chief executives of the nation’s nine largest financial...
Foreclosure Mediation Rules Being Developed In Nev. San Jose Mercury News A new Nevada law requiring lenders to meet with homeowners in danger of foreclosure is expected to create numerous requests for mediation. The Nevada Supreme Court, which is drawing...
Bernanke: Expect Growth Later This Year, Not Robust CNN Money.com Data suggest the economic contraction may be slowing, but the economy is hardly out of the woods, Federal Reserve Chairman Ben Bernanke told lawmakers on Wednesday. Bernanke, testifying...
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...
Mich. Lawmakers Agree on 90-day Foreclosure Bill The Associated Press Michigan lawmakers struck a deal Wednesday to give homeowners facing foreclosure a 90-day window to stay in their house and potentially work out something with their lender. The legislation...
U.S. foreclosure activity hit another record-high level in April, thanks to a slight increase from the previous month, according to the U.S. Foreclosure Market Report . Foreclosure filings were reported on 342,038 properties during the month, up less...
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