USA TODAY Why foreclosure investors are double-edged sword for economy USA TODAY By Diana Olick, CNBC.com The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today's housing market is to get more investors in and sell them these properties at bulk discounts.
View post:
Why foreclosure investors are double-edged sword for economy – USA TODAY
Los Angeles Times Foreclosure Settlement Will Settle Nothing TheStreet.com By Shanthi Bharatwaj 02/04/12 – 06:54 AM EST NEW YORK (TheStreet) — A foreclosure settlement between the banks and the 50 states Monday, if it does finally happen, will likely not have the positive outcomes that investors have been hoping for. New York files suit over foreclosure practices Bend Bulletin NY's Schneiderman sues banks in foreclosure effort Wall Street Journal Foreclosure Deal With Banks Said to Ensure Same Terms for All 50 States Bloomberg BusinessWeek - Los Angeles Times all 356 news articles »
Originally posted here:
Foreclosure Settlement Will Settle Nothing – TheStreet.com
Highland Rim Speedway sold in foreclosure auction The Tennessean SPRINGFIELD — Highland Rim Speedway was sold in a foreclosure auction Friday on the steps of the Robertson County courthouse. The two tracts of land, approximately 30 acres, that make up the speedway were purchased by Community Bank and Trust for … and more »
View original post here:
Highland Rim Speedway sold in foreclosure auction – The Tennessean
WISC Madison Foreclosure Accord Said to Ensure Same Terms for All 50 States BusinessWeek 4 (Bloomberg) — Lenders including Bank of America Corp. and JPMorgan Chase & Co.
See original here:
Foreclosure Accord Said to Ensure Same Terms for All 50 States – BusinessWeek
Los Angeles Times Foreclosure Deal With Banks Said to Ensure Same Terms for All 50 States Bloomberg State attorneys general and lenders including Bank of America Corp. and JPMorgan Chase & Co. agreed to ensure that states signing a nationwide accord on foreclosures will be entitled to improved terms won later by states that opt out, ..
Read more here:
Foreclosure Deal With Banks Said to Ensure Same Terms for All 50 States – Bloomberg
The Guardian Even in foreclosure -plagued Nevada, candidates are sidestepping housing crisis FoxReno.com … it'll be easier to get a housing loan … and you will see a dramatic improvement of the matter in a very short time,” Newt Gingrich said at his first Las Vegas event Thursday morning, entirely sidestepping the issue of existing foreclosures
View original post here:
Even in foreclosure-plagued Nevada, candidates are sidestepping housing crisis – FoxReno.com
NY's Schneiderman sues banks in foreclosure effort Wall Street Journal AP ALBANY, NY — New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures . Democrat Eric Schneiderman ..
Read the rest here:
NY’s Schneiderman sues banks in foreclosure effort – Wall Street Journal
The Daily Tar Heel Finally, A Foreclosure Settlement (Maybe) KCCI Des Moines Driving the deal originally were allegations that mortgage servicers cut corners and enlisted robo-signers that improperly foreclosed on homeowners. However, the deal under negotiation now wouldn't be able to return houses to those who have already ..
More:
Finally, A Foreclosure Settlement (Maybe) – KCCI Des Moines
Myth Busting the Foreclosure – Is it Right for You? Calgary Herald (blog) As of this afternoon (Thursday, February 2, 2012) there are 206 active foreclosure properties on the market in the city of Calgary (not including ones yet to be released by the banks)
More:
Myth Busting the Foreclosure – Is it Right for You? – Calgary Herald (blog)
Bloomberg On Foreclosures , Uncle Sam Courts Investors Wall Street Journal (blog) By Alan Zibel On Wednesday, a US housing regulator invited investors to submit initial applications to bid on pools of foreclosed properties owned by Fannie Mae, the government-controlled mortgage finance company, as part of a new pilot program. US regulator launches foreclosure sales plan Reuters Fannie Mae issues RFP for investors to buy foreclosed housing The Real Deal New York (blog) Own Vs.
Original post:
On Foreclosures, Uncle Sam Courts Investors – Wall Street Journal (blog)
Ally Financial posts loss on foreclosure charge MarketWatch NEW YORK -(MarketWatch)- Ally Financial Inc., the US government-owned auto lender, swung to a $250 million net loss in the fourth quarter after taking a charge for regulatory penalties stemming from foreclosure matters. The Detroit-based lender, … Ally Financial Posts $250 Million Loss On Foreclosure Charge Wall Street Journal 4Q charge over foreclosure penalties pushes Ally into loss for 2011 The Detroit News Ally Financial loses $250M in 4th quarter Detroit Free Press Reuters - Boston Globe - CBS News all 36 news articles »
Original post:
Ally Financial posts loss on foreclosure charge – MarketWatch
GlobeSt.com City Feels Foreclosure Effects Wall Street Journal By LAURA KUSISTO Foreclosures that have depressed property prices and caused the deterioration of single-family neighborhoods across the country have had similarly harmful ripple effects in New York City when apartment buildings are foreclosed , … Foreclosures are contagious in NYC apartment buildings, too The Real Deal New York (blog) all 4 news articles »
See the rest here:
City Feels Foreclosure Effects – Wall Street Journal
A homeowner who fought foreclosure and won Kansas City Star By ALEJANDRO LAZO LOS ANGELES — Foreclosure commonly represents the end of a struggle. A borrower can't pay a mortgage, loses a home and moves on. But Karen Mena, a 38-year-old county worker, never gave up
Read more:
A homeowner who fought foreclosure and won – Kansas City Star
