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Foreclosure News

• Foreclosure settlement not likely to lift home builders' stocks - Los Angeles Times February 11, 2012
  Los Angeles TimesForeclosure settlement not likely to lift home builders' stocksLos Angeles Times(David Paul Morris, Bloomberg / January 31, 2012) By Walter Hamilton, Los Angeles Times The $25-billion foreclosure settlement between the government and major banks might lift the US housing market over time. Just don't expect it to lift the stocks of […]
• Foreclosure pact promises more trouble - Chicago Sun-Times February 11, 2012
  Foreclosure pact promises more troubleChicago Sun-TimesThe reports are repeated at 10:22 pm Thursday and 7:22 am Sunday The foreclosure settlement involving Illinois and 48 other states is much ado about $25 billion, but for homeowners still in a heap of financial trouble, it signifies little besides more ...Banks Downturn Amid Government Foreclosure Settlem […]
• Officials announce historic foreclosure settlement - Danbury News Times February 10, 2012
  Hartford CourantOfficials announce historic foreclosure settlementDanbury News TimesUS states have reached a $25 billion settlement with JPMorgan Chase, Bank of America, Citigroup and the nation's two other biggest mortgage lenders over foreclosure abuses. (Photo by Spencer Platt/Getty Images) Photo: Spencer Platt, Getty Images / 2012 ...Mortgage Abuse […]
• Hawaii Part of Landmark $25B Foreclosure Relief Deal - Maui Now February 10, 2012
  Maui NowHawaii Part of Landmark $25B Foreclosure Relief DealMaui NowThey will provide at least $5 billion directly to federal and state governments to support foreclosure prevention efforts and compensate certain victims of fraud and abuse. The settlement also requires significant changes to the mortgage servicing ...and more » […]
• Preventing future foreclosures is one solution to housing crisis, Sen ... - The Star-Ledger - NJ.com February 10, 2012
  PolitickerNJPreventing future foreclosures is one solution to housing crisis, Sen ...The Star-Ledger - NJ.comRobert Menendez (D), seen here in this file photograph, hosted a congressional field hearing to study how the foreclosure crisis is affecting New Jersey homeowners. The landmark $25 billion national mortgage foreclosure settlement reached Thursday is […]
• WFC Settles Foreclosure Mess - Zacks.com February 10, 2012
  WFC Settles Foreclosure MessZacks.com(WFC) has reached a $5.3 billion settlement with states and federal authorities over alleged abuses in foreclosure practices. The company along with four other large mortgage servicers––Bank of America Corp. (BAC), Citigroup Inc. (C), JPMorgan Chase ...and more » […]
• Foreclosure deal may not help everyone - WWLP 22News February 10, 2012
  Foreclosure deal may not help everyoneWWLP 22News(WWLP) - The federal government is praising the new $25 billion foreclosure settlement that would help homeowners, but some people are saying that this settlement may sound good, but it doesn't actually help that many people. Several reports say about ...and more » […]
• Foreclosure abuse settlement a 'big win' for Obama? - Fox News February 10, 2012
  BloombergForeclosure abuse settlement a 'big win' for Obama?Fox NewsThe Obama administration and 49 states not Oklahoma to clean up this foreclosure scandal, including robo-signing foreclosures. Take a look at the specifics here. Forty-nine of 50 states are signing on again. Not Oklahoma. Includes Bank of America, ...California's size lands st […]
• Bernanke Says Housing Holds Back Fed Efforts to Boost Economy - Bloomberg February 10, 2012
  BloombergBernanke Says Housing Holds Back Fed Efforts to Boost EconomyBloombergEnlarge image Foreclosure Foreclosure Ethan Miller/Getty Images Abandoned Desert Mesa subdivision in North Las Vegas. Play Video Enlarge image Ben Bernanke Ben Bernanke Andrew Harrer/Bloomberg Ben S. Bernanke, chairman of the US Federal Reserve, ...Bernanke: Foreclosures still dra […]
• Pimco Says Foreclosure Deal Cheap for Banks, Costly for Pension Investors - Bloomberg February 10, 2012
  BloombergPimco Says Foreclosure Deal Cheap for Banks, Costly for Pension InvestorsBloombergPlay Video The government's deal with banks over their foreclosure practices after 16 months of investigations is cheap for the loan servicers while costly for bond investors including pension funds, according to Pacific Investment Management Co.Bondholders Critic […]