Headline News Archive

2010

December

16

• Americans deeply affected by economic tremors. Sometimes it helps to see the data that prove the uneven financial ground you're standing on is occupied by a lot of other people as

• Detectan embargos de casas ‘por error’. Expertos afirman que es la nueva crisis que angustia a los propietarios La familia Cascos no es la típica dueña de casa que

14

• U.S. foreclosure-prevention program fell short. The Treasury Department's primary foreclosure-prevention program has failed to live up to expectations and has suffered from a lack of "meaningful goals," according to a

13

• She's the watchdog consumers will thank. When Yahoo put out its top 10 searches in the financial category for 2010, there was no surprise to find, among the leaders, unemployment, foreclosures and the

11

• New FHA eligibility rules could rattle condo market. Tens of thousands of condominium unit owners across the country may not know it, but their ability to sell or refinance could be jeopardized by

09

• 22 mortgage providers accused of unfair lending. The federal government said it was investigating 22 mortgage providers after a national housing group accused them of engaging in unfair lending practices toward borrowers with

08

• Más quejas por calefacción y agua caliente. Nueva York - Un informe revelado hoy por el Defensor Público Bill de Blasio evidenció que el número de querellas sobre la falta

04

• Are banks unfairly denying certain loan applicants?. A national consumer coalition plans to file a series of landmark federal fair housing complaints beginning Dec. 6, challenging a widespread practice by banks and mortgage

02

• Fannie, Freddie say mortgage servicers triggered foreclosure crisis. Fannie Mae and Freddie Mac defended their role in the foreclosure crisis in prepared testimony to Congress on Wednesday, while at least one federal regulator

November

28

• Don't pay for bi-weekly mortgage payments. Biweekly mortgage payment plans are back. "Don't miss out!" proclaims a pitch from Citibank's BiWeekly Advantage program. "The BiWeekly Advantage Plan is a convenient mortgage

• Don't just tell us you can foreclose, show us. After examining their foreclosure practices for flaws in mortgage documentation and other procedures, many of the nation’s largest banks have resumed — or will soon

27

• FTC outlaws upfront payments for mortgage modification. You've probably seen the pitches on TV and the Internet or found them stuffed in your mailbox: official-looking communications complete with logos and letterheads that

26

• Credit bureaus make it hard to buy your own report. Tony Cabral is the kind of consumer who makes a habit of checking his credit files at least twice a year. "I just want to

23

• Foreclosure's toll on children. Three years into the mortgage crisis, the public debate over how to stem the unprecedented tide of foreclosures and the damage they are doing to

18

• Homeowners could see loan modifications. More homeowners may get home loan modifications under a potential settlement being discussed between banks and state investigatorsprobing improper foreclosures, but big hurdles remain, real

16

• Don't underestimate foreclosure crisis. A congressional oversight panel is set to warn on Tuesday that a widespread problem of flawed and fraudulent foreclosure paperwork could upend the housing market

15

• Lobbyists push for financial reform changes. New York — Having failed to block financial reform, Wall Street is now focused on the next best thing: ensuring that the law is loosely interpreted

• Investors lend money against lawsuit outcomes. Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars

12

• Foreclosure mess prompts public officials to slow down process. One month ago, the city of Chicago and the surrounding suburbs of Cook County became a foreclosure-free zone. It wasn't the banks or judges that

11

• Mortgage modifications aren't stopping foreclosures. Jill Gray of Mesquite, Tex., says her 3-year-old son, Anthony, often tells her before he goes to bed: "I wanna go to the other house."

• Panel seeks Social Security cuts and tax hikes. The chairmen of President Obama’s bipartisan commission on reducing the national debt outlined a politically provocative and economically ambitious package of spending cuts and

• FDIC prepares crack down on officials of failed banks. For former insiders at some of the several hundred banks that collapsed during the financial crisis and in its aftermath, a day of reckoning has

09

• Some judges take hardline on bank foreclosures. A year ago, Long Island Judge Jeffrey Spinner concluded that a mortgage company's paperwork in a foreclosure case was so flawed and its behavior in

07

• Short sale effect on credit scores. Q. In 2005, I purchased a town home for my children, and they have since vacated the property. The town house is now worth 60% of what

• A second mortgage to pay the foreclosure lawyer. For some Florida residents, the price of getting out of foreclosure will include taking on a second mortgage — payable this time to their lawyers. The