According to an article in the Dallas Morning News, Texas legislators have created stiffer criminal penalties for those who defraud senior citizens. The influential group, the Texas Silver-Haired Legislature urged that decisive action be taken against criminals who target senior citizens for foreclosure scams, credit card scams, identify theft and other types of financial abuse. [...]
According to an article in the Dallas Morning News, starting September 1st the Federal Trade Commission will ban telemarketer "robocalls" made to consumers without their express written permission. The article said:"FTC Chairman Jon Leibowitz said American consumers have made it "crystal clear that few things annoy them more than the billions of commercial telemarketing robocalls [...]
According to an article in the Dallas Morning News, sales of new homes surged 9.6 percent in July, an increase driven by the $8,000 federal tax incentive for buyers. The article said:"The Commerce Department said Wednesday that sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. [...]
According to an article from the Associated Press, Congress sent legislation to the President earlier this week that would encourage lenders to save homeowners from foreclosure. The lending industry helped block an earlier, tougher measure that would have required lenders to reduce monthly payments for those homeowners going through bankruptcy. Support for the new legislation [...]
According to an article in the Dallas Morning News , Texans continue to fall behind on their mortgage payments and face foreclosure at a rate that's outpacing many other states. In the 2nd quarter of 2009, more than one in ten Texas mortgages were either late or already in foreclosure and Texas ranked 17th nationally [...]
According to an article in the Dallas Morning News , most residents in the high-end apartment complex located in the West End are unaware of the recent foreclosure filing on the property. The article quoted one of the tenants; "I've got a lease through August 11 next year," said Linda Melcher, a 1001 Ross Avenue [...]
According to an article in US News, the foreclosure crisis may be making American homeowners sick--literally. There was a study done on 250 Philadelphia homeowners facing foreclosure and 50 percent of them reported being depressed, while 60 percent reported skipping meals because they could not afford food and another 48 percent said that they could [...]
According to an article in the Star-Telegram, the number of homeowners who were late making their mortgage payments shot up by 53 percent in the fourth quarter of 2008 from the same period in 2007. The percentage of homeowners facing foreclosure was 4.58 at the end of 2008 compared to 2.99 percent in 2007 and [...]
It has been a little more than a month since the government began their "shame the mortgage lender" program by publishing the names and results of mortgage lenders' foreclosure prevention efforts. According to an article in the Star-Telegram, approximately 2.7 million American homeowners are at least 2 months behind on their mortgage and facing the [...]
According to an article in the Dallas Morning News, the number of homes sold at foreclosure auctions has declined by 17 percent; but the number of homes succumbing to foreclosure continues to rise. So far, foreclosure posting rose by 35 percent compared with 2008; but many homes remain in foreclosure limbo while homeowners fight to [...]