Diane Alter – AHN News Reporter Atlanta, GA, United States (AHN) – Oh how the tall and mighty have fallen. Atlanta’s tallest building, Bank of America Plaza, a tower bought at the market peak, has been struggling with rising vacancy rates and a heavy debt load. A foreclosure date has been set for the storied [...]

ProPublica Staff United States (ProPublica) – by Marian Wang While federal and state officials investigating flawed foreclosures have largely focused on holding the banks accountable and bringing relief to wronged homeowners, officials in a few states have begun targeting the more obscure middlemen of the foreclosure scandal. Prosecutors in California and Illinois have sent subpoenas [...]

The number of U.S. homes receiving a foreclosure filing will climb about 20 percent in 2011, reaching a peak for the housing crisis, as unemployment remains high and banks resume seizures after a slowdown, RealtyTrac Inc. said. View full post on All Stories

LANCASTER, Pa., Nov. 13, 2010 /PRNewswire/ — As the economy continues to weaken, first time home buyers and people facing foreclosure have a hard time finding a mortgage. To assist people, a new public service is now available from Community Clearinghouse Agency Inc. of Lancaster, Pa. Their soluti View full post on All Stories

Government-controlled mortgage buyer Fannie Mae is seeking additional federal aid after posting a narrower $3.46 billion loss in the third quarter. Fannie Mae also said it was likely that the foreclosure mess will have a negative impact on its loans. View full post on All Stories

Facing nearly 12 percent unemployment and one of the nation’s highest foreclosure rates, Floridians head to the polls to make numerous choices. View full post on All Stories

Mediation might not come soon enough for homeowners facing foreclosure on their Bank of America mortgages. The bank halted all foreclosures earlier this month while it sorted out its paperwork problems. This week, the bank said the review is complete and it will resume foreclosures. But there’s new pressure now from investors who want to [...]

Linda Young – AHN News Writer New York, NY, United States (AHN) – The foreclosure mortgage mess might cost banks billions of dollars. Concern over the cost has caused nervous investors to unload bank stock, sending the prices of those stocks in a downward spiral. In addition, attorneys general in all 50 states earlier this [...]

The foreclosure freeze by the nation’s leading banks may help some New Mexicans in trouble on their home loans but will delay others in the process of buying foreclosed property. View full post on All Stories

A U.S.-wide foreclosure moratorium could penalize pension funds, insurance companies and other investors and make new loans more expensive, an investor group and industry experts warned on Monday. View full post on All Stories