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MSNBC
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Nearly 60 percent more U.S. homes faced foreclosure in February than in the same month last year, with Nevada, California and Florida showing the highest foreclosure rates, a research firm said Wednesday.
A total of 223,651 homes across the nation rece..
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MSNBC
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Lenders are also posting huge losses as the easy money lending spree that fueled the housing boom continues to unwind. This month alone many major banking companies including Citigroup, Merrill Lynch, Morgan Stanley and Bank of America have reported billi..
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MSNBC
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As Congress and the White House continue to work toward solutions to help embattled homeowners, home foreclosure filings took a big jump in the third quarter, according to the latest data from real estate Web site RealtyTrac.
Foreclosure actions were r..
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Denver Post
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One out of three mortgages made during the past three years with "teaser" interest rates below 4 percent are expected to go into foreclosure because of rising payments, according to a study Tuesday from FirstAmerican CoreLogic.
Overall, CoreLogic estim..
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BusinessWeek
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Even in affluent communities, foreclosures often offer a chance to buy a luxury home for as much as 40% or more off the market value
At the end of 2006 a new 4,000-square-foot home with a three-car garage in a small gated subdivision in Las Vegas sold..
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BusinessWeek
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After bailing out Bear Stearns, Washington may throw a lifeline to homeowners facing foreclosure
Since the start of the housing crisis, the Bush Administration has resisted using taxpayer funds to help out homeowners directly. But that resolve has weak..
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MSNBC
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The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn’t unload at auctions, a mortgage research firm said Monday.
Nationwide, some 233,001..
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BusinessWeek
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The new initiative, in which six major lenders agree to delay foreclosure in some cases, represents business as usual for the banks, and little relief for homeowners
As the foreclosure mess worsens, there's mounting public pressure for stronger action..
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MSNBC
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At a recent county sheriff's foreclosure sale, with Brad in the drab auditorium keeping tabs, the auction of more than 120 homes lasted about 81 minutes. Some homes failed to attract a bid, some were withdrawn, and most got a single bid, typically by the..
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