Foreclosures

There's a foreclosure backlog and it is huge, so huge that in some states it would take as many as 62 years to process all of the foreclosures on books of banks. In states...

There has been an uproar over proposed regulations that would require a homebuyer to put down 20 percent in order to qualify for the best mortgages.  But now federal regulators have a new proposal...

The foreclosure crisis has ensnared even the most prepared amongst us. Many homeowners who played by the rules are facing foreclosure after being hit with a declining economy, frozen credit markets and eventually empty...

Under the Obama Administration's new HAMP guidelines, banks participating in the voluntary mortgage modification program must adhere to certain benchmarks or face losing financial incentives. Three major banks have failed to meet guidelines and...

In a rare move, mortgage banking officials and consumer advocates have joined forces to urge U.S. federal regulators to rethink a proposal which could make it nearly impossible to get a mortgage unless you...

The foreclosure crisis has victimized not only those who have fallen behind on their mortgage payments; but also those who haven't and especially those who have paid cash for their home.  In a recent...

TransUnion statistics on indebtedness in America has revealed that 50 percent of homeowners facing foreclosure continue to pay their credit card bills on time. One homeowner facing foreclosure explained this phenomenon and the reasoning...