Foreclosure News

Dressed as grim reapers with cutout faces of U.S. Sen. John McCain, a small parade of union activists carried a cardboard coffin filled with foreclosure notices through a Reno parking lot Monday, hoping to ...

Action News has learned that Wayne County Prosecutor Kym Worthy's home is in foreclosure.

A high concentration of foreclosures continued to pull home prices down last month across the Phoenix area's existing home market, according to the latest Arizona State University report.

By Karey Wutkowski

WASHINGTON (Reuters) - Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators.

The Federal Deposit Insurance Corp, which seized Pasadena, California-based IndyMac on July 11 in the third-largest bank failure in U.S. history, said 4,000 mortgage modification proposals were going out this week and it hoped to send out 25,000 modification notices over the next few weeks.

Thrust into the role of financial firefighter, Federal Reserve Chairman Ben Bernanke has taken unprecedented steps over the past year to battle the nation's worst credit and financial crises in decades.

The foreclosure glut is making listings of homes for sale a less reliable indicator, because much of the distressed inventory might be left out.

Consumers looking to buy oil in advance of the upcoming heating season should be cautious and ask questions, state and industry officials agree.

NEW YORK : Roc-A-Fella Records company co-founder Damon Dash and his wife are in jeopardy of losing two of their Manhattan apartments after apparently failing to pay their hefty mortgages.

California homebuyers sprung to life in July, pouncing on foreclosed homes and deeply discounted properties but largely ignoring pricier homes that have been languishing on the market, a research firm said ...

The housing market - already awash in subprime foreclosures - is now getting hit with a second wave as homeowners with "liar loans" default in record numbers.

Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday.

The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data ...

Fannie Mae and Freddie Mac tumbled to about 18-year lows in New York trading on concern the government will be forced to bail out the mortgage-finance companies, wiping out common stockholders.

Gov. Mike Easley signed the bills Monday, including one that requires lenders to provide 45 days notice to homeowners and the state's bank commissioner before a foreclosure is filed.

Southern California home prices fell 31.1 percent in July from last year, with bargain hunters snapping up foreclosed properties and sending overall sales to a 16-month high, a research firm said Monday.

In the mortgage industry, they are called "liar loans" -- mortgages approved without requiring proof of the borrower's income or assets.

14 property owners in Big Ridge Mountain face foreclosure after the bank says they lied on their loan applications.

Four Foreclosures Filed Against Gallery Owner Four first-run foreclosure notices have been filed against Lisa R. Kurts, owner of the Lisa Kurts Gallery in East Memphis.

Stress can affect more than your mood. It can impact sleep and even trigger disease.

Michelle Weatherhogg mows the grass of a foreclosed property across the street from her David Lane house.