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Report: California Foreclosure Prevention Act Fails To Slow Filings

Despite state lawmakers’ efforts to curtail home losses, a record number of California foreclosures are now scheduled for sale â€" that’s according to a report released Tuesday by "ForeclosureRadar":http://www.foreclosureradar.com, a...

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Foreclosures Still Climbing in California

Despite the fact that lenders in California are voluntarily postponing the majority of foreclosure sales - 73 percent, to be exact - ""ForeclosureRadar"":http://www.foreclosureradar.com says its market data reveals a steady...

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Foreclosure Starts Hit One Million

...that foreclosures are costing neighboring families hundreds of billions of dollars and dragging down the entire economy. Foreclosures started today's crisis, and foreclosures will keep the crisis going if this...

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Freddie Mac: ARMs Becoming Obsolete

...economists consider to be the second wave of foreclosures - adjustable-rate mortgages with introductory rates that reset and push mortgage payments beyond homeowners' means. The third and current wave of...

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Congress Focuses on Mortgage Fraud

Sen. Charles E. Schumer (D-New York) ""introduced new legislation"":http://schumer.senate.gov/new_website/record.cfmxid=311654 on Monday that he says will better protect homeowners from the recent wave of housing scams spreading throughout the country. The...

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Making Home Affordable Underway at BofA

""Bank of America"":http://www.bankofamerica.com, which services one out of five mortgages in the United States, announced this week that it has begun processing its first wave of mortgage refinance applications under...

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Refinances Lead MBA to Raise Home Loan Forecast

...bonds, as well as government-led refinance programs underway at ""Fannie Mae"":http://www.fanniemae.com/homepath/homeowners/in_foreclosure.jhtml and ""Freddie Mac"":http://www.freddiemac.com/sell/factsheets/relief_refi.html. Fannie Mae announced last week that the company's refinancing volume jumped to more than $41 billion...

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