Foreclosure community blog resource

Foreclosure Is Latest Challenge for Knicks' Curry

Octavion — Wed, 01 Jul 2009 15:45:00 GMT

Banks Balk at Agency Meant to Aid Consumers New York Times Banks and mortgage lenders are placing top priority on killing President Obama’s proposal to create a new consumer protection agency that would regulate home loans, credit card fees, payday...(read more)

Home-Price Declines in 20 U.S. Cities Eased in April

Octavion — Tue, 30 Jun 2009 17:45:00 GMT

Home-Price Declines in 20 U.S. Cities Eased in April Bloomberg Home prices in 20 major U.S. metropolitan areas fell in April at a slower pace than forecast, a sign the plunge in real-estate values is abating. The S&P/Case-Shiller home-price index...(read more)

Paper Avalanche Buries Plan to Stem Foreclosures

Octavion — Mon, 29 Jun 2009 15:53:00 GMT

Paper Avalanche Buries Plan to Stem Foreclosures New York Times Somewhere on earth, there must be a more difficult task than this: persuading American mortgage companies to lower payments for homeowners who can no longer afford their loans. But as Karina...(read more)

Unemployment Vexes Foreclosure Plan

joelc — Fri, 26 Jun 2009 15:58:00 GMT

Unemployment Vexes Foreclosure Plan The Wall Street Journal Rising unemployment is complicating the Obama administration's effort to reduce foreclosures and stabilize the housing market. The first wave of mortgage delinquencies was sparked by borrowers...(read more)

Indiana Courts Set for Foreclosure Change

Octavion — Thu, 25 Jun 2009 22:07:00 GMT

Indiana Courts Set for Foreclosure Change The Journal Gazette Though it might be August before Allen County court officials see any changes from a new mortgage law taking effect next week, they will be ready July 1. In the spring, the state legislature...(read more)

Not Paying the Mortgage, Yet Stuck With the Keys

joelc — Wed, 24 Jun 2009 16:07:00 GMT

Not Paying the Mortgage, Yet Stuck With the Keys The Washington Post A growing number of American homeowners are falling into financial limbo: They're badly behind on payments, but their banks have not yet foreclosed. The backlog of seriously delinquent...(read more)

Lost jobs forcing more out of homes

joelc — Tue, 23 Jun 2009 16:05:00 GMT

Lost jobs forcing more out of homes USA Today WASHINGTON — The nation's foreclosure crisis — once largely confined to only a few corners of the country — is spreading to new areas as the economy teeters. The foreclosure rates in...(read more)

Tax credit for home purchase could rise

joelc — Mon, 22 Jun 2009 16:10:00 GMT

Tax credit for home purchase could rise USA Today Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market. With the tax credit scheduled to...(read more)

DC Dispatch: Lockhart on the Future of Fannie and Freddie, Foreclosure Prevention

darenb — Sun, 21 Jun 2009 18:16:00 GMT

About one hour after hearing from Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development, which has seen loan volume skyrocket over the past year to account for about 24 percent of the mortgage origination market, a small group...(read more)

DC Dispatch: Donovan Reinforces Obama Regulatory Reform

darenb — Sat, 20 Jun 2009 17:48:00 GMT

The newly appointed secretary for Housing and Urban Development used an appearance before some of the nation's real estate editors and writers to outline President Barack Obama's new proposal for regulating the financial industry as well as to...(read more)