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Unfulfilled promises for borrowers
A year ago, a $25 billion settlement ordered banks to do a better job helping troubled homeowners, and to end the stories of borrowers trapped in a confusing web of mortgage negotiations leading to foreclosure. The stories, however, keep coming, even as...Tags: Mortgages, Charlotte, Banking, Financial and Business Services, Wells Fargo & Co.
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Divorce court weds power and privacy
J.F.'s marriage was crumbling in 2010, but he didn't want that public. J.F. is a well-known Chicago politician, and when he and his wife ended up in divorce court, he asked that their names be kept secret to avoid a “media frenzy.” Despite...
Tags: Family, Divorce, Justice System, Elections, Corporate Officers
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Crime rises in abandoned buildings, vacant lots
Community groups expected to voice their support Wednesday for a proposed ordinance designed to protect or compensate displaced tenants in foreclosed rental buildings have a new set of figures to sway opponents. More than 2,600 crimes were reported in...
Tags: Crime, Law and Justice, Lawyers, Justice System, Rahm Emanuel, Austin (Chicago, Illinois)
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U.S. home prices keep rising, but homeownership is down
Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline. The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors, leaving...
Tags: Blackstone Group, L.P., Services and Shopping, Mortgages, Property, Financial and Business Services
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Lawmakers shifting some mortgage-settlement dollars into foreclosure assistance
Tallahassee Bureau ChiefTALLAHASSEE -- Legislative budget-writers are shifting more of Florida's national mortgage settlement dollars into programs targeting the homeless, low-income college students, and foreclosure-clogged courts. The Senate on Thursday offered a new...Tags: National Government, Justice System, Budgets and Budgeting, Politics, Orlando
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Zombie foreclosure statistics scary
This is how hot this "zombie" thing has become in our culture — they've sleepwalked their way off the TV screen and into the real estate market. Well, sort of. I refer to the phenomenon of zombie foreclosures, which are homes that, like their...Tags: Services and Shopping, Media Industry, Property, Real Estate, Rentals
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Affordable housing is meager in suburban Cook County
Talk of the housing crisis generally revolves around the millions of homeowners who, unable to afford their mortgage payments, have lost their homes to foreclosure. Renters have had it hard too, though, and the increased population of homeowners-turned-...
Tags: Housing and Urban Planning, Personal Income, Interior Policy, Politics, Economy, Business and Finance
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Dollar values on rise for local home sales
PETOSKEY -- Northwest Michigan's residential real estate transactions showed year-to-year growth in dollar value through the first three months of 2013. "There just seems to be a general sense of optimism out in the marketplace," said Steve Andreae,...
Tags: Real Estate Transactions, Services and Shopping, Banking, Inventories, Religion and Belief
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A tale of two houses
arnoldp@herald-mail.comNew homeowner Steven Mazur and his new neighbors, Jesse McAllister and fiancé Heather Kurtz, are full of hope about their lives in the housing development on Hagerstown’s western edge. So, too, presumably, was the woman who in summer 2006 bought...Tags: Services and Shopping, Labor Legislation, Homes, Money and Monetary Policy, Finance
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Emergency Mortgage Assistance
Connecticut’s Emergency Mortgage Assistance Program (EMAP) can help homeowners facing foreclosure. It offers loans to help homeowners who have fallen behind or anticipate falling behind on their mortgage payments due to temporary financial...Tags: Mortgages, Federal Housing Administration, Economy, Business and Finance, Financial and Business Services, Finance
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Loss-share agreements abuse public
In November 2011, I wrote a column about FDIC loss-share agreements and how banks who exploit them were reaping windfalls while prolonging the foreclosure crisis, depressing property values and harming American families. The FDIC took issue with my...Tags: Crime, Law and Justice, Loans, Mortgages, Fox News Channel (tv network), Judges
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|Story
May 3, 2013
|Story| Chicago Tribune
Apr 28, 2013
|Story| Chicago Tribune
May 1, 2013
|Story| Chicago Tribune
Apr 30, 2013
|Story| Los Angeles Times
Apr 25, 2013
| Orlando Sentinel
Apr 19, 2013
|Column| Chicago Tribune
Apr 23, 2013
|Story| Chicago Tribune
Apr 18, 2013
|Story| Petoskey News
Mar 24, 2013
|Story| Herald Mail
Apr 17, 2013
|Story| Hartford Courant
Apr 14, 2013
|Column| South Florida Sun-Sentinel
Apr 12, 2013
|Story| Los Angeles Times
Original site for Foreclosures topic gallery.