Foreclosure News

To understand the new record, which was pointed out by housing economist Tom Lawler in a recent research note, it helps to have a handle on the ebbs and flows of the foreclosure process, which is governed by state law.

There are fewer home foreclosures in Ingham County compared to last year at this time.

We've seen lots of them in Fresno - houses that are in the foreclosure process and empty of life, but not yet foreclosed.

A foreclosed home at 3826 W. Garfield Ave. in Milwaukee. Foreclosure filings in southeastern Wisconsin finally are back to where they were before the mortgage crisis plunged the nation into a deep recession and financial turmoil.

U.S. District Judge J. Curtis Joyner in Philadelphia ruled June 30 that Mortgage Electronic Registration Systems and its parent company, Merscorp Inc., collectively known as MERS, violated Pennsylvania law by using its members-only database to circumvent county recorder of deeds offices.

Published reports say Citi is close to $7 billion deal to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

Less than 1 percent of homes in Missouri are in foreclosure, according to a new report out from California-based real estate tracker CoreLogic.

While the U.S. economy grew less than 2%, the output of a number of states grew well in excess of 3% last year.

Federal Reserve Chairwoman Janet Yellen caused a stir last week when she appeared to rule out raising interest rates to tame financial bubbles.

San Francisco's Board of Supervisors is scheduled to vote Tuesday afternoon on a resolution calling for the city to consider joining Richmond in creating a joint-powers authority to use eminent domain to address the housing crisis.

Federal Housing Finance Agency director Mel Watt on Tuesday kicked off a new push to get eligible homeowners into the Home Affordable Refinance Program , or HARP, beginning with a town hall meeting in Chicago.

Washington state saw 2,572 fewer completed foreclosures in the year ending in May, compared to the same time a year before.

A federal judge has denied Wells Fargo's latest bid to end a lawsuit brought by the Los Angeles city government accusing the bank of discriminatory lending that led to a wave of foreclosures among minority borrowers.

Foreclosure inventory for the Orlando-Kissimmee-Sanford area was 5 percent in May, down 3.9 percentage points from the year-ago period, according to the latest CoreLogic report.

Dallas-area home foreclosures dropped by almost 30 percent in the 12-month period ending in June, according to a new report by CoreLogic Inc. Lenders foreclosed on 6,728 houses in the year-long period - the 10th highest foreclosure volume among the major cities CoreLogic looked at.

The recovery in the U.S. housing market is slowly reaching more parts of the country, but some states are experiencing a healthier recovery than others.

The Arkansas Supreme Court issued its opinion last month in the case of First State Bank v.

The Federal Reserve defended its approach to punishing banks for misconduct in home foreclosures and said in a report issued Monday that about 83% of borrowers have cashed checks reimbursing them for financial injury.

Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and low consumer demand is preventing the economy from growing.

The report by the Federal Reserve released Monday says 83 percent of the 4.2 million borrowers covered by the January 2013 settlement, or about 3.4 million, had cashed checks as of April 25. The amounts paid range from several hundred dollars to $125,000.