Judge Blocks Auction Of Elvis Estate Graceland
A judge in Tennessee on Wednesday temporarily halted a foreclosure sale of Graceland, the historic home of Elvis Presley in the southern US state.
Is The US About To See A Rise In Foreclosures After Surge In September?
Foreclosures in the United States are ticking upwards as programs designed to help homeowners stay in place during the COVID-19 pandemic begin to end. Is this increase a sign that more pain for homeowners lies over the horizon?
Ilhan Omar, CNN Praise Trump For 'Incredible' And 'Remarkable' Coronavirus Response
Rep. Ilhan Omar said Trump's moves to help Americans made jobless by COVID-19 "is a great start."
Fannie Mae, Freddie Mac Suspend Foreclosures For 60 Days To Provide Relief To Beleaguered Homeowners
Fannie and Freddie will suspend foreclosures for 60 days
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US Property Foreclosure Filings At Lowest Annual Level Since 2007: Report
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US Foreclosure Rate Is Declining But Still More Than Double What It Was Before The Financial Crisis [Map]
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February 2013 US Home Foreclosures: Fewer Faced Repossession, But It's Too Soon To Declare A Recovered U.S. Housing Market
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Bank Of America Earnings Preview: Profits To Plunge In 4Q On Legal Charges, Revenue Concerns
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Did Fannie Mae Overpay Bank Of America For Servicing Rights?
The taxpayer-owned Fannie Mae paid more than legally required to Bank of America Corp (NYSE: BAC) and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011. The mortgage giant argues that while it paid a premium over the minimum required price, it paid for the transfers at an ?appropriate rate.?
US Foreclosures Have Modest Impact On Nearby Home Prices: NBER
Foreclosed properties in the U.S. cause only a modest decline on the home prices of nearby properties, and the effects go away a year after the distressed property is resold, according to a working paper by the National Bureau of Economic Research.
There Is Still No US Housing Recovery: Experts
Three reports released this week demonstrated positive trends in the U.S. housing market, but experts warn that a real recovery is still months away.
Jeb Bush To Republicans: 'Stop Acting Stupid' On Immigration, Or Lose Latinos
Former Florida governor Jeb Bush renewed his call for Republicans to reconsider their immigration platform on Tuesday, warning attendees of a panel discussion that the future of the party is at stake.
Local Governments Seek Eminent Domain To Solve Mortgage Crisis, But Legality Is Contested
Some of local governments are turning to a new tool to fix the problem, known as underwater mortgages: seizing the loans through eminent domain and enacting principal reductions, a move that is attracting praise and controversy.
US Foreclosures Rise 9% In May, First Jump In 3 Months
U.S. foreclosure filings increased for the first time in three months by 9 percent in May, according to a Thursday report by listings site RealtyTrac.
Obama, Republicans Bicker On Whether Hiring Teachers Will Help Economy
U.S. President Barack Obama on Saturday continued to urge Congress to pass legislation he said would add more jobs for teachers as Republicans and Democrats bickered over whether expanding the public sector would strengthen the economy.
Another Flip-Flop? Campaign Aide Says Romney Would Not Offer Relief For Homeowners With Underwater Mortgages
Mitt Romney would not offer relief for the 11.5 million U.S. homeowners with underwater mortgages if he were elected president, one of his advisers said Saturday. The assertion contrasts with Romney's own words in January: The idea that somehow this is going to cure itself by itself is probably not real.
US Existing Home Sales Rose 3% In April
U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery.
JPMorgan Shareholders' Meeting Ends With A Whimper As Reform Proposals Are Rejected
The annual shareholder's meeting Tuesday of JPMorgan Chase & Co. (NYSE: JPM), widely expected to feature fiery denunciations of leaders at the nation's biggest bank, could hardly have been quieter or more management-friendly.
Demonstrators Targeting Bank Of America Annual Meeting
Demonstrators are expected to swarm Bank of America Corp's annual shareholder meeting on Wednesday to voice anger over a range of issues from foreclosures to corporate taxes to financing for the coal industry.
Black, Latino Voter Registration Plummets
The number of blacks and Hispanics registered to vote has dropped precipitously since the 2008 election, diminishing two bastions of Democratic support that could prove crucial in what promises to be a tight presidential race.
US Mortgage Rates Hit New Low Of 3.84%: Freddie Mac
U.S. 30-year fixed-rate mortgages fell to a new record low of 3.84 percent in the week ending May 2, following subdued economic data, mortgage financier Freddie Mac said Thursday.
US Homeownership Rate Drops To 15-Year Low
The share of privately-owned U.S. homes fell to a 15-year low in the first quarter as falling house prices and stringent lending conditions push younger Americans, in particular, into renting.
U.S. Existing Home Sales Drop 2.6% In March
U.S. existing home sales fell 2.6 percent in March to an annual rate of 4.48 million, the National Association of Realtors said Thursday, missing expectations and highlighting continued weakness in the housing market.
US Q1 Foreclosure Activity Lowest In Four Years: Report
The foreclosure activity in the US for the first quarter declined to the lowest level since the fourth quarter of 2007, according to a report by RealtyTrac.
Consumer Financial Protection Bureau Announces New Mortgage Rules: 'No Surprises And No Runarounds'
The head of the Consumer Financial Protection Bureau proposed on Tuesday new regulations to hold mortgage servicers accountable, requiring them to provide more information and give struggling homeowners more options.
In foreclosures, Occupy groups see a unifying cause
Mercedes Robinson-Duvallon turned 83 in February, but there was little time for celebration.
US Vacation Homes Beckon to Bargain Shoppers
Splurging on a vacation home shortly after the housing market meltdown was not an easy decision for Kathy and Dan Nikolai.
The Month In US Housing: A Disappointing March, But Spring Offers Redemption
Most of March's housing numbers were disappointing, with sales unexpectedly falling across all categories and prices hitting new lows, reversing February's optimism. But the winter market is usually the year's quietest, and spring could see a redemption for the housing market.
Banks Stonewalled Probe Of Foreclosure Practices: Housing Agency
The inspector general for the U.S. Department of Housing and Urban Development said banks involved in the nationwide settlement on foreclosure practices significantly hindered its investigation.
Government Details Mortgage Pact, Promises Tough Oversight
The government released the fine print of its landmark $25 billion mortgage settlement, and promised to closely police the banks' pledges to bring widespread housing relief, even while letting them dodge admission of wrongdoing.
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