Posts Tagged ‘foreclosures’

State’s foreclosures more than double

by Published: April 16,2010

Tags: foreclosures, housing crisis, mortgage, real estate

ACROSS MISSISSIPPI — The number of Mississippi homeowners facing or hit by foreclosure has more than doubled over the past year. That is according to RealtyTrac, which tracks foreclosures nationwide. In March, 518 Mississippi properties were targeted for some kind of foreclosure action, ranging from a notice of default to outright repossession. In March 2009, […] [...]

White House to announce mortgage relief

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

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 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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