Late mortgage payments up in 3rd quarter
The rate that mortgage holders were late with their payments by 60 days or more rose in the third quarter for the first time since the last three months of 2009.
View ArticleForeclosure activity hit 7-month high in October
A total of 77,733 properties received an initial default notice last month, up 10 percent from September.
View ArticleEconomy recovering? Depends on your home state
The U.S. economic expansion that began in June 2009 shows a dichotomy at the state level, with Nevada, California and Florida labor markets still languishing from the real estate collapse at the same...
View ArticleHome prices decrease more than forecast
The S&P/Case-Shiller index of property values in 20 cities dropped 3.4 percent from October 2010 after decreasing 3.5 percent in the year ended September.
View ArticleOnce a remedy, vacant sites in Heritage Park face foreclosure
The city of Minneapolis has started efforts to foreclose on 18 vacant parcels planned for for-sale housing in the Heritage Park complex in north Minneapolis.
View ArticleForeclosures draw private equity to rental houses
GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals. Creating more single-family rental properties is one of a series of programs introduced by President...
View ArticleHUD awards counseling grants to 17 Minnesota agencies
The U.S. Department of Housing and Urban Development (HUD) awarded $450,749 in housing counseling grants to 17 agencies across the state of Minnesota. The grants, which were announced Friday, are...
View ArticleBank of America starts foreclosure rental program
Bank of America has launched a pilot program that will allow some homeowners at risk of foreclosure to become renters and stay in their homes.
View ArticleRichfield could lose $500,000 in Kensington foreclosure
The city of Richfield is losing its $500,000 security interest in the foreclosed Kensington Park commercial project, as the developer of that property, the Cornerstone Group, is trying to remake...
View ArticleMore U.S. homes facing foreclosure risk in June
Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year
View ArticleForeclosure scam leads to prison
Federal prosecutors in Sacramento said 40-year-old Charles Head of Pittsburgh and 17 other defendants obtained more than $90 million in fraudulent loans and caused more than $50 million in losses.
View ArticleReport details how subprime lending, foreclosures hurt Detroit
The Detroit News reviewed property records to catalog conditions of 65,000 mortgage foreclosures since 2005.
View ArticleNorth Minneapolis green homes program slowing, not sinking
Green Homes North launched in 2012 after the foreclosure crisis. The city set out to build 100 homes over a half-decade but on-site complications and shaky funding prospects set back the timeline.
View ArticleReport: About 8K homes in foreclosure auction are occupied
DETROIT — A published report says an estimated 8,000 of the 25,000 homes up for sale this month during Wayne County’s tax foreclosure auction are occupied. The Detroit News reports the online auction...
View ArticleOnce a remedy, vacant sites in Heritage Park face foreclosure
The city of Minneapolis has started efforts to foreclose on 18 vacant parcels planned for for-sale housing in the Heritage Park complex in north Minneapolis.
View ArticleForeclosures draw private equity to rental houses
GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals. Creating more single-family rental properties is one of a series of programs introduced by President...
View ArticleHUD awards counseling grants to 17 Minnesota agencies
The U.S. Department of Housing and Urban Development (HUD) awarded $450,749 in housing counseling grants to 17 agencies across the state of Minnesota. The grants, which were announced Friday, are...
View ArticleBank of America starts foreclosure rental program
Bank of America has launched a pilot program that will allow some homeowners at risk of foreclosure to become renters and stay in their homes.
View ArticleRichfield could lose $500,000 in Kensington foreclosure
The city of Richfield is losing its $500,000 security interest in the foreclosed Kensington Park commercial project, as the developer of that property, the Cornerstone Group, is trying to remake...
View ArticleMore U.S. homes facing foreclosure risk in June
Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year
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