Current Foreclosure News - USA

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Florida?s High-Speed Answer to a Foreclosure Mess
Florida has set up foreclosure-only courts to reduce a huge backlog, but borrowers? lawyers are critical of the process.

As Pay Falls, Borrowers Lose Ground
One in eight homeowners had household debt exceeding half the monthly income in 2008, a recent report says.

Housing on the Brink
The glimmer of hope in this week?s housing data ? a rise in pending home sales ? is not likely to be sustainable.

A Dream House After All
The residential market took a hit, but owning a home still makes sense.

Foreclosures Pose Potential Trouble on Election Day
Advocacy groups and election officials fear that the high rate of foreclosures will confuse many about their eligibility to vote.

Tenants Wooed in Latest Stuyvesant Town Battle
Two lending groups are battling in court for control of two huge Manhattan housing complexes, which fell into default in January.

Two New Federal Programs for Struggling Home Owners
The F.H.A. will begin a refinancing effort to help borrowers who are struggling and will start an emergency homeowners? loan program for unemployed borrowers.

Number of Home Foreclosures Drops, but Risk of Delinquency Deepens
Foreclosures could head higher in coming months, as the percentage of borrowers at least one payment behind resumed its rise, new data suggest.

Making Home Affordable Program Falling Short of Goal
The pool of candidates is shrinking rapidly, and new trial modifications were down sharply in July.

Foreclosures Grind On
The Obama administration will need to do more in order to help Americans hold on to their homes.

Paralysis at the Federal Reserve
A decade ago, Ben Bernanke had some sharp criticism for how the Bank of Japan was handling a cool economy. Now he?s the Fed chairman, and that critique of Japan could be applied to the Fed today.

Government Plans More Aid for Jobless Homeowners
The aid, about $3 billion, comes against the backdrop of a weakening economy, high unemployment and a housing market destabilized by foreclosures.

Say Goodbye to Fannie and Freddie
Two flawed agencies the housing market would be better off without.

The Other Mortgage Crisis
Flexible mortgages are needed to reflect the changing jobs landscape.

Far From the Poor, Real Estate Woes Nip at Lake Forest
The foreclosure crisis is starting to lap at the shores of the upscale suburb of Lake Forest, though for different reasons than it first hit poor neighborhoods in Chicago.

Current Foreclosure News - USA

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