State attorneys general who have been investigating the foreclosure mess are said to be close to a deal with some of the big mortgage lenders. One part of the package is a foreclosure fund, probably funded by banks to compensate homeowners who were wrongfully foreclosed on. Would it work?
Ironically, it seems that leading an environmentally friendly lifestyle is equated with getting rid of all your old stuff and starting fresh. Marketplace's Eve Troeh reports on how to be really green when it comes to your new home.
So far, state attorneys general have been taking the lead in investigating the current foreclosure paperwork crisis. But today, the Senate Banking Committee weighed in. The financial services industry is lobbying against more regulation of the mortgage business at the hands of Congress. Mitchell Hartman reports.
As we've reported the Fed is pumping another $600 billion into the economy to spur more lending by bringing down long term interest rates. Well guess what? Long-term rates are going up. Juli Niemann has more.
Homeowners struggling to avoid foreclosure may not have experienced the worst of their financial woes. Mortgage documentation issues that led to foreclosure moratoriums at many banks could lead to another financial crisis, according to a Congressional Oversight Panel report released Tuesday.
RealtyTrac numbers out today report that there was a small decrease in the number of foreclosures in October. In reality, though, this may simply be reflective of the halt in foreclosures caused by faulty paperwork. Mitchell Hartman reports on other underlying problems.
The elections are over, but the foreclosure problems continue on. Attorneys general from every state agreed last month to look into the banks and their paperwork, but with a new political landscape, will things change? Stacey Vanek Smith reports.
The Census Bureau reported that the home ownership rate is at its lowest level in more than a decade. The increase in foreclosures certainly has contributed to the decline. That got commentator David Skeel thinking about a foreclosure what if.
