Brian Wofford, a widowed father of eight whose home was transformed five years ago on the ABC show “Extreme Makeover: Home Edition,” is battling to save his Encinitas house from foreclosure.
Read more about the Extreme Makeover family...
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
A city resident facing foreclosure met with a top White House official Tuesday to push for action to help unemployed homeowners at risk of losing their homes.
Resident Nylton Andrade attended a meeting with Lawrence Summers, the head of the White House National Economic Council and former Harvard University president, according to a press release from the Brockton Interfaith Community, a coalition of local religious groups.
Read more about Massachusetts foreclosure help...
Melville-based Lend America closed its loan-making operation Tuesday and laid off most of its 600 workers, a day after federal officials revoked its license to make loans insured by the Federal Housing Administration.
FHA-backed loans made up at least 90 percent of the company’s business. After the subprime loan collapse two years ago, the FHA became the primary insurer for nonprime mortgages; if an FHA-backed loan defaults, the government takes the hit.
Read more about the federal probe...
A nonprofit group is bringing a mortgage-modification marathon to Charlotte this week that aims to provide speedy help for struggling homeowners.
In the 12th stop on its “Save the Dream” tour, the Neighborhood Assistance Corporation of America said it expects to draw 50,000 people over five days to a program that brings together borrowers, counselors and lenders. Some loans will be modified on the same day, the group said.
Read more about helping struggling homeowners...
The Obama administration on Monday plans to announce a campaign to pressure mortgage companies to reduce payments for many more troubled homeowners, as evidence mounts that a $75 billion taxpayer-financed effort aimed at stemming foreclosures is foundering.
Read more about loan payments...
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess, The New York Times’s Louise Story writes.
Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in what might seem an act of charity, the funds are helping homeowners by reducing the size of the loans.
While there have been signs of a recovery in the housing market, the number of people falling behind inpayments remains high.
As of the end of September, one-quarter of the mortgages in Florida were at least one payment past due.
Read more about mortgage delinquencies...
Bank of America, which acquired Merrill Lynch in January, has taken heat recently for not being very helpful to customers needing help renegotiating their mortgages to avoid foreclosure.
Read more about Bank of America...
Almost 300 citizens gathered Monday night for a Foreclosure Workshop hosted by the Collier County Foreclosure Task Force to find their way through a maze of economic woes that could lead to financial ruin and homelessness for some.
Read more about the foreclosure workshop...
The U.S. Congress is finally considering the act of breaking up banks that have been deemed “too big to fail.” Reuters reports that Independent Senator Bernie Sanders has introduced a bill that would identify these banks.
