May 9th 2011 2:32PM
As the federal government wades deeper into claims of improper foreclosure procedures at the nation's largest banks, a new scandal is emerging. An investigative series by ProPublica has revealed that several lenders are forcing distressed homeowners to sign away their rights to sue in exchange for a temporary loan... Continue Reading »
Apr 8th 2011 8:47AM
Every Republican on a Colorado House committee voted no last week to a bill that was to provide housing counseling and foreclosure-prevention services to families trying to hold on to their homes; while at the nation's capital mortgage servicers agreed to do better by homeowners facing foreclosure across the nation. The... Continue Reading »
Sep 3rd 2010 12:48PM
Fannie Mae won't fade away so easily -- at least not before it strikes some fear into sluggish loan servicers. The company has announced that it will penalize loan servicers who take too long to process foreclosures that clearly don't qualify for a short sale or loan modification. The fines will be based on a formula that... Continue Reading »
Sep 2nd 2010 3:17PM
The federal government's Home Affordable Modification Program has a lot of work left to do if it hopes to catch up to the private sector. HAMP, with its promise of helping up to 4 million homeowners avoid foreclosure, completed 36,695 modifications in July. In the same period, private mortgage programs completed 120,351... Continue Reading »
Billionaire David Siegel's Unfinished 'Versailles' Mansion in Florida to Resume Construction
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