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Wall Street revives foreclosed homes as rentals
Stacey Vanek Smith May 3, 2013
Big investors have been snapping up foreclosed homes and turning them into rentals. Now some of those investors are hoping to capitalize on their distressed buys -- and share the spoils with the general public -- by going public.
Checks sent to foreclosure victims are bouncing
Kai Ryssdal Apr 18, 2013
Thankfully, it seems it's just a paperwork snafu.
As foreclosure settlement checks go out, some 'laugh out loud'
Shannon Mullen Apr 12, 2013
Starting today, checks are on the way to victims of wrongful foreclosures as part of a $3.6 billion settlement between banks and federal regulators. But for most of those borrowers, it won’t exactly be Christmas in April.
Homeownership: The right choice for low-income families?
Tracey Samuelson Mar 22, 2013
Advocates say home ownership is still a good way for low-income families to build wealth - but it shouldn't be their only form of savings
Sometimes even banks want to 'walk away' from a home
Leoneda Inge Feb 22, 2013
In some working-class neighborhoods with cheap housing, the banks actually lose money on a foreclosure. So it’s cheaper to do nothing.
Short on tax revenue, Atlanta counties sue HSBC
Jim Burress Jan 28, 2013
The housing crash not only touched off a wave of foreclosures, it torpedoed property values and the taxes cities and counties collect off them. But some localities are fighting back in an effort to reverse their budget shortfalls.
Banks settle again, homeowners to get relief
Dan Bobkoff Jan 7, 2013
In a costly day of legal settlements, 10 banks agree to pay $8.5 billion to four million homeowners for mishandling their foreclosures.
Hedge funds crowd first-time buyers out of housing market
David Weinberg Dec 10, 2012
Hedge funds and private-equity funds are buying up hundreds of foreclosed homes at a time, turning them into rentals, crowding out first-time home buyers looking for bargains.
Fannie Mae, big banks halt holiday evictions
Dan Bobkoff Dec 7, 2012
Fannie Mae, Freddie Mac and some big banks will halt evictions from foreclosed homes during the holidays. Is this altruism or a publicity stunt?
Advocates say insurance costs strain homeowners
Zoe Sullivan Oct 9, 2012
Gulf Coast insurance premiums have skyrocketed in recent years, and homeowners advocates say they're seeing people at risk of going into foreclosure because they can't afford their mortgage plus their insurance.
