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BofA, Lenders Face Possible N.J. Foreclosure Freeze
Dec 20th
Bank of America Corp., JPMorgan Chase & Co. and four other mortgage lenders and loan servicers face a possible suspension of home foreclosures in New Jersey by Jan. 19 under a judge’s order.
Swept into the foreclosure vortex: Growing number of Oregonians face losing their homes
Nov 27th
Three years since the economy tanked, foreclosure has become a national torment that shows no sign of easing. About 8 million homes have entered foreclosure since 2007. An estimated 3 million families have lost their homes.
Foreclosure processors face criminal probes
Nov 1st
The more banks foreclosed on homes, the more a little-known company in Florida called Lender Processing Services saw its revenue and stock price soar.
U.S. Banks Face Pressure to Fix Foreclosure Claims: Timeline
Oct 25th
U.S. banks including Bank of America Corp. and Ally Financial Inc. are facing pressure to address home-foreclosure practices as Federal Reserve Chairman Ben S. Bernanke said the central bank and other regulators are “intensively” examining financial companies’ procedures.
Title insurers seek to insulate themselves from foreclosure losses
Oct 23rd
The title insurance industry is maneuvering to protect itself from losses if courts rule that banks have played fast and loose with the foreclosure process. But people who buy foreclosed properties from banks may face some degree of loss despite having a title policy.
The new face of foreclosure
Sep 20th
Taking "the foreclosure" on the block and renovating it to sell is the formula Lake County expects to use in its newest federal housing grant. The U.S. Department of Housing and Urban Development announced this month that Lake County will see an additional $1.6 million in neighborhood stabilization funds. While official guidelines outlining how the county can use the grant have yet to be ...