Skip to: Content
Skip to: Site Navigation
Skip to: Search
FRIDAY, NOVEMBER 27, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: foreclosure

foreclosure stories: 205 news summaries

41 - 60 of 205 Stories | << Prev 1 2 3 4 5 6 7 ... 11 Next >>

Switch to grid view »

Boom-Time Loans
Cripple Churches


Mar 14, 09 6:23 PM CDT
(Newser) - Even houses of worship are facing foreclosures and unpaid bills these days, the AP reports. With credit markets dried up, churches and synagogues—normally rock-solid in recessions—are abandoning half-built properties and scrambling to find a home. "We now have children who don't have classrooms to get into, adults... More »

MORE ABOUT:
foreclosure • credit crisis • synagogue • mortgage delinquency • churches

 Foreclosures Undercut Builders 


Mar 11, 09 11:00 AM CDT
(Newser) - Foreclosures and other vacant homes make this a tough time to be a builder, the Wall Street Journal reports. Consider Pulte Homes, which is selling a new, four-bedroom home in Las Vegas for $214,990—while a short sale nearby offers a similar Pulte-built home for $149,999. “We... More »

MORE ABOUT:
housing market • foreclosure • home builders • housing starts • existing home sales • new home sales • financial crisis • Pulte Homes • KB Home • Centex • DR Horton

 'Hidden Homeless' 
 Turn to Motels 

Recession forces middle-income families into uncomfortable new quarters

Mar 11, 09 9:48 AM CDT
(Newser) - As the economy leaves people without the income they need to afford a mortgage or monthly rent, more and more families find themselves checking into motels for indefinite stays. While they may be a step above homeless shelters, motels bring with them a unique set of problems as long-term stopgaps,... More »

MORE ABOUT:
middle class • foreclosure • homeless • Orange County, California • unemployment • financial crisis • recession depression • economic crisis • motel

Protesters Rip Manhattan Foreclosure Auction

They demand moratorium on evictions

Mar 9, 09 2:42 AM CDT
(Newser) - New Yorkers protested an auction yesterday of hundreds of foreclosed homes, claiming the forced evictions plaguing the nation in this economic downturn are illegal, and demanding a moratorium. "Banks get bailout out, people get thrown out," read signs held aloft by demonstrators." Their rage was not directed... More »

MORE ABOUT:
Wall Street • New York • foreclosure • protests • eviction • financial crisis

ANALYSIS

Most Foreclosures Come From a Few Counties

Crisis affects former boom areas the most

Mar 6, 09 12:05 PM CST
(Newser) - The majority of US home foreclosures last year happened in just 35 counties, USA Today reports. Though the effects of the mortgage crisis have been felt nationwide, foreclosures have been from the start clustered in formerly booming areas in Florida, California, Nevada, Arizona, and around Washington DC. The 35 most-affected... More »

MORE ABOUT:
Florida • California • Las Vegas • foreclosure • default • housing crisis • mortgage defaults

 House Homeowner Bill 
 Lets Judges Reset Mortgages 

Measure would allow bankruptcy judges to ease mortgage terms

Mar 6, 09 3:07 AM CST
(Newser) - The House has passed a homeowner rescue bill over the strenuous objections of the financial industry that would allow bankruptcy judges to change the terms of mortgages, the Washington Post reports. Judges could cut the principal on mortgages, extend terms and reduce interest rates under terms of the "cramdown"... More »

MORE ABOUT:
Congress • bankruptcy • foreclosure • mortgage • House of Representatives • homeowners • cramdown

Obama Housing Rescue Plan Leaves Many Out in Cold

Criteria keep many who need help from refinancing under the plan

Mar 5, 09 8:40 AM CST
(Newser) - A large swath of Americans will see no help under the Obama administration’s housing rescue plan, the New York Times reports. While designed to prevent 3 million to 4 million foreclosures through loan modifications, the plan doesn't cover those whose loans aren’t backed by Fannie Mae or Freddie... More »

MORE ABOUT:
housing market • foreclosure • Freddie Mac • Fannie Mae • mortgage debt • mortgage lender • underwater • mortgage defaults • Obama administration • financial crisis • President Obama

(Newser) - The White House today kicked off its $75 billion plan to curb mortgage foreclosures, the Wall Street Journal reports. The federal dollars will both push lenders to lower monthly payments and help homeowners keep paying. “Today, we are providing servicers with the details they need to begin helping eligible... More »

MORE ABOUT:
foreclosure • mortgage • Treasury Department • mortgage lender • negative equity • payments • Obama administration • President Obama • Timothy Geithner

 1 in 5 Homeowners Underwater 


Mar 4, 09 10:17 AM CST
(Newser) - More than 20% of Americans with home mortgages owe more to their lenders than their homes are worth, a 2% rise since September, the Washington Post reports. The hardest-hit state was Nevada, where 55% of homeowners with mortgages have negative equity. These 8.3 million homeowners nationwide are much... More »

MORE ABOUT:
foreclosure • mortgage • homeowners • negative equity • payments • economic downturn

(Newser) - Legislation that would allow bankruptcy judges to reduce the principal on mortgages of homes in danger of foreclosure will not come up for its scheduled House vote today because Democratic infighting has broken out, endangering its passage, CQ Politics reports. The “cramdown” provision was a red flag for fiscal... More »

MORE ABOUT:
Nancy Pelosi • foreclosure • mortgage • House of Representatives • financial crisis • cramdown

Blago Gave Burris' Son Job

Facing foreclosure, Burris II gets housing gig; 'reeks of hypocrisy,' state rep charges

Feb 26, 09 12:34 PM CST
(Newser) - Sen. Roland Burris’ son, Roland W. Burris II, got a job with the Illinois housing authority last year, weeks after the IRS imposed a tax lien and his home entered foreclosure, the Chicago Sun-Times reports. The appointment came as his father lobbied for Barack Obama’s Senate seat, and Gov.... More »

MORE ABOUT:
corruption • foreclosure • Illinois • governor • Rod Blagojevich • political scandal • pay to play • Illinois House of Representatives • Roland Burris • Roland W. Burris II • tax lien

Tough Job Selling Mortgage Bailout to Bill-Paying Public

Even Democrats are wary of bailout

Feb 24, 09 9:29 AM CST
(Newser) - President Obama may be facing a mutiny on his mortgage bailout plan. After CNBC reporter Rick Santelli’s on-air rant about the bailout "promoting bad behavior" by rewarding losers, Obama’s spokesman swatted the criticism away. But, Politico reports, public opinion is leaning in Santelli's direction—even 49% of... More »

MORE ABOUT:
Barack Obama • subprime mortgages • foreclosure • mortgage • Obama administration

 Octu-Mom, 
 Grandma 
 Face Off 
 in New Vid 

Mom rips daughter for irresponsibility

Feb 24, 09 9:09 AM CST
(Newser) - Octuplet mom Nadya Suleman and her own mother, Angela, have been sniping at each other in interviews—and now a video from Radar captures their first face-off. The bizarre sit-down includes an argument over how Nadya could have dealt with her frozen embryos and Angela’s apparent suggestion that she... More »

MORE ABOUT:
in vitro fertilization • foreclosure • online videos • multiple births • mortgage delinquency • octuplets • Nadya Suleman • Angela Suleman

ANALYSIS

Mortgage Plan Relies on Incentives, Lacks Muscle

Proposal does does little to address securitized mortgages

Feb 19, 09 9:14 AM CST
(Newser) - The Obama administration’s foreclosure-prevention plan contains more carrots than sticks, relying heavily on incentives designed to prod mortgage servicers to modify at-risk loans, the Wall Street Journal reports. The plan offers monetary rewards to mortgage companies that lower interest rates on delinquent mortgages, and reduces principal for borrowers who... More »

MORE ABOUT:
Barack Obama • foreclosure • mortgage backed securities • housing crisis • mortgage defaults • mortgage delinquency • Obama administration • financial crisis • President Obama

Octuplets' Home in Danger
of Foreclosure

Octu-grandma in loan default; Octu-grandpa talking to Oprah

Feb 19, 09 6:01 AM CST
(Newser) - Nadya Suleman acknowledges that her 3-bedroom home is too small for her brood of 14, but the family is in danger of losing even that, the Los Angeles Times reports. Records show that the suburban California home, which is owned by the octuplets' grandmother, is in pre-foreclosure, with a projected... More »

MORE ABOUT:
Oprah Winfrey • foreclosure • multiple births • octuplets • Nadya Suleman • Angela Suleman

(Newser) - Barack Obama announced in Mesa, Ariz., today a three-pronged plan to revamp the mortgage market, the Wall Street Journal reports. The plan offers opportunities for 9  million homeowners to refinance or rework their mortgages. Five million borrowers facing foreclosure will have access to a $75 billion fund, and another... More »

MORE ABOUT:
Barack Obama • housing market • foreclosure • mortgage • Obama administration

Bernanke's Childhood Home Foreclosed On

Fed chief hails from one of America's hardest-hit towns

Feb 14, 09 10:47 AM CST
(Newser) - “This is where it all happened,” says the new owner of a modest ranch house in Dillon, SC. This is the house Ben Bernanke grew up in, and though his family sold it long ago, it’s a tad ironic that it was just bought in a foreclosure... More »

MORE ABOUT:
Ben Bernanke • foreclosure • small towns

Banks Halt Foreclosures Ahead of Obama Plan

Citigroup, Bank of America, JP Morgan Chase suspend proceedings until next month

Feb 13, 09 4:04 PM CST
(Newser) - Major US banks agreed today to halt foreclosure proceedings against homeowners until the White House foreclosure prevention plan is in place, the Washington Post reports. Citigroup, JPMorgan Chase, and Bank of America will suspend foreclosures until early March, when the foreclosure plan is expected to be operational. President Obama is... More »

MORE ABOUT:
Citigroup • Bank of America • foreclosure • JPMorgan Chase • Obama administration • banks • President Obama

States Seek to Restrict
Employer Credit Checks

Lawmakers want employers to prove credit reports are necessary

Feb 13, 09 12:00 PM CST
(Newser) - Several states and Obama administration officials are seeking restrictions on employers that unfairly screen out job applicants using credit checks, USA Today reports. Spiking unemployment and mortgage foreclosures brought on by the financial crisis have hurt many, and lawmakers say trustworthy people are being shut out of good jobs.... More »

MORE ABOUT:
foreclosure • unemployment • mortgage debt • Equal Opportunity • credit score • credit rating • financial crisis

(Newser) - Details are emerging on the Obama administration's plan to help homeowners: One idea is to give strapped borrowers a lower interest rate, then have the federal government chip in to defray the lenders' loss, the Washington Post reports. The Treasury Department is expected to outline its overall plan in the... More »

MORE ABOUT:
foreclosure • mortgage • homeowners • housing crisis • Obama administration • President Obama

41 - 60 of 205 Stories | << Prev 1 2 3 4 5 6 7 ... 11 Next >>


from our news partners