Jan 18th 2011 4:33PM
An elderly woman is suing two banks and a law firm that tried to foreclose on her Deptford, N.J., home after she missed making her final mortgage payment of $432 when she was in the hospital, reported the Associated Press. The tragedy possibly could have been avoided had she taken some precautions, say experts who spoke to... Continue Reading »
Jan 18th 2011 11:40AM
Why are Canada's homeowners less likely to face foreclosure? Fewer than 1 percent of Canadian mortgages are in arrears, compared to the 2.9 million homeowners that received foreclosure notices in the U.S. in 2010. You might think it's because there are a lot fewer Canadians, and you'd be right on that score. Canada's... Continue Reading »
Jan 13th 2011 10:28AM
Foreclosure filings are increasing, and the housing crisis is worsening because of them. Year-end data from RealtyTrac shows that 2010 was the worst year yet -- specifically 23 percent worse than 2008, the first year of the recession. Douglas Mcintyre of our sister site, DailyFinance.com, sifts through the data to draw... Continue Reading »
Aug 19th 2010 3:15PM
You might think a vulture is the least likely creature to help you save your home. But there's a group of vultures who are doing just that -- in fact, they're being more of a friend, to many homeowners in trouble, than banks are. One of them, mortgage-bond trader Lewis Ranieri, has developed a method to keep troubled... Continue Reading »
Aug 6th 2010 1:21PM
The housing market is still ailing, but Fannie Mae is slowly recovering, another indicator that the overall picture for real estate is improving ever so slightly. For the second quarter of 2010, Fannie lost $1.2 billion, compared to the $14.8 million loss it filed in the same quarter of 2009. The prospects of Fannie and... Continue Reading »
