Home to Loan

EVANSVILLE, Ind. (AP) — A state program made to help Indiana residents dodge foreclosure by providing them with 10-year loans is seeing few takers even though the state’s foreclosure rate is among the highest in the nation. The Evansville Courier Press reports (http://bit.ly/xuZczn) that the Toughest Hit Fund has enough money to help more than [...]

Foreclosure and distressed sales fell to 20 percent of U.S. home buys in the third quarter of last year as legal scrutiny of property seizures cut-rate the number of deals, according to RealtyTrac Inc. Transactions involving bank-owned property and small sales, where lenders accept less than the amount owed, were down from 22 percent of [...]

January 26, 2012, 12:10 PM EST By Dan Levy Jan. 26 (Bloomberg) — Foreclosure and distressed sales fell to 20 percent of U.S. home buys in the third quarter of last year as legal scrutiny of property seizures cut-rate the number of deals, according to RealtyTrac Inc. Transactions involving bank-owned property and small sales, where [...]

The nation’s five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure, but government officials said Monday the states won’t be able to close the deal before President Obama’s State of the Union address on Tuesday.  The banking [...]

The nation’s five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure, but government officials said Monday the states won’t be able to close the deal before President Obama’s State of the Union address on Tuesday.  The banking [...]

HONOLULU (AP) — Foreclosures in Hawaii have plummeted 53 percent in view of the fact that the Legislature passed sweeping mortgage legislation last year, officials said Thursday. Hawaii had the nation’s 11th highest foreclosure rate in 2010, prompting lawmakers to establish a Mortgage Foreclosure Task Force to look into all aspects of judicial and nonjudicial [...]

Foreclosure is toughest on low-income and minority homeowners, and the gap in foreclosure tariff is just the newest indication of a widening rift linking rich and poor. By Mandi Woodruff, Business Insider / January 18, 2012 This file photo shows a bank repo and foreclosure for sale signs outside a foreclosed home in Houston. Foreclosure is [...]