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April 1, 2013
The top housing regulator said on Wednesday it will make it easier for struggling homeowners to lower monthly mortgage payments through a federal anti-foreclosure program.
Under the initiative, mortgage finance firms Fannie Mae and Freddie...
March 14, 2013
February 19, 2013
NEW YORK (MainStreet) — U.S. home foreclosures have fallen to a six-year low, and that trend has hit bargain hunters in the wallet.
Home foreclosure discounts just aren’t as steep as...
February 8, 2013
Due to the subprime mortgage crisis and the economic recession, millions of homeowners have found themselves struggling to make mortgage payments on properties that have lost much of their value. Aside from the onslaught of...
January 25, 2013
The current housing market is full of foreclosed homes and properties that have plummeted in value. In fact, it has been reported that the real estate market has a negative equity gap of about $3.7 trillion, with millions of homeowners underwater...
January 8, 2013
Ten mortgage servicers will pay $8.5 billion to settle wrongful foreclosure complaints. The settlement will end case-by-case foreclosure reviews that stemmed from the robo-signing scandal. The settlement means eligible homeowners will receive...
January 7, 2013
One part of the fiscal cliff that was extended will provide at least one more year of a key housing and tax benefit for homeowners that are underwater in the mortgages.
On January 3rd, 2013, President Obama signed The American Taxpayer...
December 17, 2012
New foreclosures on U.S. homes hit their lowest in nearly six years in November, another sign the nation's housing market is recovering, according to a report.
U.S. foreclosure starts fell 13 percent from October and were down 28...
November 16, 2012
The housing crisis has led to an enormous amount of foreclosures in the United States. And as with every other downturn there are people that are taking advantage of the situation. MoneyTalksNews.com's Stacy Johnson offers insight on how it...
October 24, 2012
Most of us have heard about foreclosures. Some of us even know some people that had to go through the foreclosure process. However, do you know what foreclosures are and how they affect homeowners and banks? Learn about foreclosure basics from...