Posts Tagged ‘foreclosures’

White House to announce mortgage relief

by Associated Press Published: March 26,2010

Tags: foreclosures, housing, housing crisis, mortgage, mortgage relief, Obama, real estate, White House

WASHINGTON — After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is expected to announce today a plan to reduce the amount some troubled borrowers owe on their home loans. People briefed on the plan said the effort will let people who owe more on their mortgages than their […] [...]

Bank of America forgiving some troubled mortgages

by Associated Press Published: March 24,2010

Tags: banking and finance, foreclosures, housing, housing crisis, mortgages

CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30 percent of some customers’ total mortgage balance. The homeowners must be at least 60 days delinquent […] [...]

Foreclosures fall off significantly

by Associated Press Published: February 19,2010

Tags: foreclosures, housing crisis, mrtgage, real estate, recession

WASHINGTON — The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. The Mortgage Bankers Association said Friday the percentage of borrowers who missed just one payment on their home loans fell to 3.63 percent in the October […] [...]

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