The Obama Administrations plan to help consumers from losing there homes to foreclosure has been genuinely effective in assisting approximately two hundred thousand homeowners. The first half however of 2009 alone has brought on nearly one point eight million in foreclosures across the country. Mortgage...

Originaly by Mary Kane: A year after calls for reform, borrowers still forced to waive rights for loan modifications.  WASHINGTON, D.C. — Even as the Obama administration presses the lending industry to get more mortgage loans modified, the practice of forcing borrowers to sign away their legal rights...

Originaly by DataQuick: La Jolla, CA.–Lenders filed a record number of mortgage default notices against California homeowners during the first three months of this year, the result of the recession and of lenders playing catch-up after a temporary lull in foreclosure activity, a real estate information...

Originly by Kirsten Grind: When her Edmonds condo went on the market, Mindy Moore thought she had managed to avoid foreclosure. Moore listed the home in Edmonds for about $30,000 less than she owed on the mortgage. She thought the “short sale” agreement signed with the bank meant the bank would absorb...

Originaly by Billy Shields: Miami-Dade Circuit Court judge discovered more than 15,000 foreclosure cases filed this year haven’t been served. It’s the latest shoe to drop in a foreclosure crisis garnering nationwide attention, and an unwelcome discovery in the face of state budget cuts that produced...

Originialy By Mary Kane: Brokers Pushed Borrowers to Lie, Lenders Misled and Ratings Agencies Looked the Other Way The debate over what caused the mortgage mess and how best to fix it is now taking a sharp turn, as new problems surrounding liar’s loans and payment-option mortgages reveal the pervasive...

Originaly By Mary Kane: For neighborhoods fighting the blight and deteriorating property values caused by foreclosed properties that banks abandon or unload on speculators, this is big news: A housing court judge in Cleveland has ordered Wells Fargo to clean up the foreclosed houses it owns in Cleveland. In...

Federal Trade Commission Release: At the request of the Federal Trade Commission, a federal court has halted a bogus mortgage foreclosure prevention operation that misrepresented both the “loss mitigation” services it offered and the earnings potential of the business opportunity it sold. The FTC...

When banks file foreclosure actions, one lawyer shows that the banks can’t prove they really own these loans at all, with April Charney, legal aid and Dan Mitchell, Cato Institute.