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  • Bank Owned Property AZ Launches Free Online Search Service for Arizona Foreclosures Thursday, November 20, 2008 @ 7:40PM SCOTTSDALE, Ariz.----As the number of foreclosures in Arizona reaches an unprecedented high, buyers seeking the best value in Bank Owned Property are forced to pay subscription fees for the latest listings.
  • Sales of existing area homes up over one year ago Thursday, November 20, 2008 @ 6:58PMRENO — Washoe County saw 348 existing single-family home sales in October, an increase of 47 percent from the same month a year ago and a decrease of less than 1 percent from September, according to a report issued Thursday by The Reno/Sparks Association of Realtors.
  • GMAC Applies for Status as Bank, Begins Debt Swap (Update5) Thursday, November 20, 2008 @ 4:40PMNov. 20 (Bloomberg) -- GMAC LLC , the largest lender to General Motors Corp. car dealers, applied for status as a bank holding company so it can get access to the Treasury’s $700 billion rescue fund for the financial industry.
  • Sheltering your home Thursday, November 20, 2008 @ 3:44PMExperts say now is the time to review the nuts and bolts of your finances to help protect your greatest asset - your home.
  • Home sales climb in Fresno County Thursday, November 20, 2008 @ 1:57PMInvestors and first-time home buyers were out in force last month, snapping up foreclosures and driving up sales of existing homes in Fresno County by 87% from a year earlier, a market tracking company reported Thursday.
  • County to target foreclosures with federal money Wednesday, November 19, 2008 @ 5:32AMTue, Nov 18, 2008 (5:43 p.m.) Neighbors living near unkempt abandoned houses due to foreclosures in unincorporated Clark County should start to see more neighborhood improvements by the middle of next year.
  • FDIC details plan to alter mortgages Saturday, November 15, 2008 @ 2:11AMWASHINGTON -- Officials at the Federal Deposit Insurance Corp. Thursday detailed a plan to prevent 1.5 million foreclosures in the next year by offering financial incentives to companies that agree to sharply reduce monthly payments on mortgage loans.
  • October Foreclosures Present Good News, Bad News Saturday, November 15, 2008 @ 12:07AMOctober was the epitome of one step forward, two steps back on the foreclosure front in Shelby County. While residential foreclosures decreased compar....
  • Webster puts foreclosures on hold Friday, November 14, 2008 @ 3:54PM“OUR GOAL, as always, is to identify and meet the financial needs of our customers,” said James C. Smith, Webster’s chairman and CEO.
  • JPMorgan Chase Hiring 300 Workers to Assist Mortgage Holders Friday, November 14, 2008 @ 2:42PMAt least one job category is showing signs of growth — loan counselors. In the past few weeks, banks, along with the federal government, said they plan to temporarily stop foreclosures, and amend mortgages to help distressed borrowers to continue making their payments.
  • Webster puts hold on foreclosures Friday, November 14, 2008 @ 1:54PMWATERBURY, Conn. – Webster Bank, a subsidiary of Webster Financial Corp. (NYSE: WBS), is placing a 90-day moratorium on home foreclosures for Webster-owned mortgages.
  • (AFX UK Focus) 2008-11-12 16:41 UPDATE 1-US Rep Frank targets mortgage servicer legal pacts Wednesday, November 12, 2008 @ 11:09AMBy Kevin Drawbaugh
  • (AFX UK Focus) 2008-11-12 16:40 UPDATE 1-US Rep Frank targets mortgage servicer legal pacts Wednesday, November 12, 2008 @ 11:08AMBy Kevin Drawbaugh
  • U.S. aims to buy time for at-risk loans Wednesday, November 12, 2008 @ 5:30AM(By Kevin G. Hall, McClatchy Newspapers) The Bush administration on Tuesday announced another plan to modify what it thinks will be hundreds of thousands of distressed mortgages held or backed by mortgage finance giants Fannie Mae and Freddie Mac. More than 15 months into a deep, nationwide housing slump, several federal agencies, along with Fannie and Freddie, unveiled what they called a ...
  • Housing aid program raises hopes, concerns and questions Saturday, November 8, 2008 @ 7:16PMLocal governments across Georgia are getting ready to jump into the house-flipping game — financed with federal tax dollars. Government officials and housing organizations in Georgia will have $153 million to spend under the Neighborhood Stabilization Program, part of the federal $700 billion bailout of the banking system. The aim is to buy, repair and sell or rent run-down homes and create ...
  • Nearly half of homes sold in Pinal County are foreclosures Friday, November 7, 2008 @ 6:18PM Sales of existing Pinal County homes jumped again in the third quarter but sellers didn’t have much to celebrate in terms of prices.
  • First United Corporation Announces Third Quarter Earnings Friday, November 7, 2008 @ 4:38PM First United Corporation , a financial holding company and the parent company of First United Bank & Trust, announces net income for the quarter ended September 30, 2008 of $1.9 million, or earnings per share of $.30, compared to $3.6 million, or earnings per share of $.58, for the third quarter of 2007.
  • The Afternoon Wrap: Monday Monday, November 3, 2008 @ 5:10PM Donald Trump files lawsuit accusing Extell and the Carlyle Group of manipulating his partner, the Cheng Group, into the purchase of a 77-acre parcel of land on the UWS. [TRD] Circle Line Downtown—the ferry service that took tourists to the State of Liberty for more than a half-century—sells out to New York Water Taxi. [City Room] Ward Bakery finally bites the dust… and for what? ...
  • There are deals to be had on foreclosed homes, but experts urge caution Monday, November 3, 2008 @ 12:07PMLEOMINSTER -- Buying a foreclosed home can be tricky, but Mayor Dean J. Mazzarella said he is hoping investors will jump into the market here and help turn around blighted properties.
  • Foreclosure data in New York criticized as inaccurate Monday, November 3, 2008 @ 5:50AMState banking regulators are warning of a significant pickup in foreclosure filings in upstate New York, including Erie County -- but they rely on a faulty comparison using incomplete data.
  • Bargain hunters help shrink glut in U.S. housing market Monday, November 3, 2008 @ 2:47AMLower home prices are luring some buyers back into the U.S. housing market, but foreclosures and a weakening economy are likely to keep downward pressure on prices for at least another year, economists say.
  • Monday, November 3, 2008 Sunday, November 2, 2008 @ 10:55PMThough hard numbers are scarce, estimates are that foreclosures will surpass one million this year...
  • US stocks gain, S&P posts highest weekly climb since 1974 Saturday, November 1, 2008 @ 2:13PMWall Street stock indices closed higher on Friday, ending one of the best weeks in three decades, as banking giant JPMorgan Chase & Co moved to tackle the housing crisis at the centre of the economic downturn in the US.
  • One in five owe more than their houses are worth Saturday, November 1, 2008 @ 1:48PM Nationwide, almost one out of every five homeowners with a mortgage owes more to their lender than their properties are worth. That’s according to a report released Friday by First American CoreLogic.
  • Banks Alter Loan Terms to Head Off Foreclosures Saturday, November 1, 2008 @ 11:26AMJPMorgan Chase became the latest big bank to pledge to cut monthly payments, by lowering interest rates and temporarily reducing loan balances.
  • JPMorgan will modify troubled WaMu home loans Saturday, November 1, 2008 @ 4:25AMPeople falling behind on Washington Mutual mortgage payments won a three-month reprieve on Thursday, when WaMu owner JPMorgan Chase said it will modify terms on an estimated $70 billion in loans to 400,000 families over the next two years.
  • Home equity is gone for many mortgage holders Saturday, November 1, 2008 @ 4:20AMAlmost 8 percent of Washington homeowners owe more on their mortgages than their home is worth, and another 11 percent are close to being in that position, a new report shows. It also reveals that almost a quarter of all U.S. mortgage holders are in danger of having no home equity — because they bought recently with little or no money down, or because refinanced to take out equity or because ...
  • Briefs Saturday, November 1, 2008 @ 12:06AMMercedes-Benz, U.S. Steel, JPMorgan, Freedom Bank, ash landfills.
  • Foreclosures in Hampton Roads triple Thursday, October 23, 2008 @ 4:05PMVIRGINIA BEACH – Home foreclosures in Hampton Roads have tripled since last year. One in 677 Va. Beach homes was in some state of foreclosure. In Norfolk, it was one in 491 homes; in Hampton, one in 1,322.
  • NY regulator urges more support for homeowners Thursday, October 23, 2008 @ 3:40PM The U.S. Treasury Department plan to stabilize banks is a positive step, but the federal government must do more to support individual homeowners, New York Superintendent of Banks Richard Neiman said on Thursday.
  • Foreclosure activity rises 70 percent Thursday, October 23, 2008 @ 6:06AMThe number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007.
  • Northrim BanCorp Reports Third Quarter Profits of $1.6 Million, or $0.24 Per Share Thursday, October 23, 2008 @ 5:30AM ANCHORAGE, Alaska, Oct. 23, 2008 -- Northrim BanCorp, Inc. today reported that net income was $1.6 million, or $0.24 per diluted share for the third quarter of 2008 after taking a provision for loan loss reserves of $2.0 million, compared to net income of $3.6 million or $0.56 per diluted share, with a provision for loan loss reserves of $725,000 in the third quarter of 2007.
  • DATABASE: Michigan foreclosure activity slows Thursday, October 23, 2008 @ 4:45AMForeclosure activity slowed in September nationwide and in Michigan, according to figures out today from RealtyTrac Inc. The foreclosure Web site, based in Irvine, Calif., said foreclosure filings were reported on 265,968 properties during the month, a 12% decrease from August, but still a 21% rise from September 2007.
  • Explain foreclosures, gov’t agency told Tuesday, October 21, 2008 @ 5:12PMDAVAO CITY, Philippines—The Ombudsman has given the government’s National Home Mortgage Finance Corp. (NHMFC) in Mindanao 15 days to explain why it foreclosed on a number of low-cost and socialized real estate mortgages and resold these to the Balikatan Housing Finance Corp. (BHFC), a private corporation.
  • Home sales increase again Tuesday, October 21, 2008 @ 2:21PMTaking advantage of the stock of bank repossessions and still-falling prices, home buyers in the region drove sales to their highest level in more than two years. Home sales in the Sacramento area improved again in September.
  • ForeclosureRadar 2.0 Launches with Ramped-up Foreclosure Tools for Professional Investors and REALTORS(R) Tuesday, October 21, 2008 @ 11:50AMForeclosureRadar (www.foreclosureradar.com), which provides accurate, up-to-date information on the California foreclosure market, including auctions, today launched version 2.0 of its online foreclosure platform. ForeclosureRadar 2.0 includes a host of new features and content aimed at helping professional real estate investors and REALTORS(R) make more informed decisions at every stage of ...
  • ForeclosureRadar 2.0 Launches with Ramped-up Foreclosure Tools for Professional Investors and REALTORS(R) Tuesday, October 21, 2008 @ 11:33AM DISCOVERY BAY, Calif.----ForeclosureRadar , which provides accurate, up-to-date information on the California foreclosure market, including auctions, today launched version 2.0 of its online foreclosure platform.
  • Foreclosure clinic scheduled for Saturday at College of Staten Island Tuesday, October 21, 2008 @ 7:52AMFirst there was "Operation Protect Your Home," a forum earlier this year designed to match 2,000 struggling Island homeowners with their lenders at the College of Staten Island. Now comes "Save Our Homes Initiative," a mortgage counseling and foreclosure prevention...
  • Predators target minorities Monday, October 20, 2008 @ 6:38AMDorothy Davis was sitting at her kitchen table in her Kankakee home when she felt water dripping. It was the roof. When a mortgage broker visited and said he could get a low-cost loan to cover home repairs, she signed on. And she was scammed. Davis is just one face of a portion of the mortgage crisis whose bad loans at one time helped feed the appetite of Wall Street investors.
  • Global bank shakeout gives rise to new names Monday, October 20, 2008 @ 5:11AMGlobal bank shakeout gives rise to new names
  • Crises have tested resolve of GJ banks; not all have survived Monday, October 20, 2008 @ 12:23AMIf the nearly 100-year-old bank building at the corner of Fifth and Main streets could talk, now might be a time it would remember the national financial crisis that led to the Franklin D. Roosevelt Bank Holiday of 1933.
  • Up in smoke: The abridged history of US investment banking Sunday, October 19, 2008 @ 11:57PMIt worked. The credit markets have begun to thaw. Overnight LIBOR (London Interbank Offered Rate) dropped 27 basis points to 1.67 percent, the lowest level since September 2004. Three month LIBOR shed 40 basis points last week to 4.42 percent.
  • Marsh on Monday: Global bank shakeout gives rise to new names Sunday, October 19, 2008 @ 11:27PMNew bank names on the international market
  • Vacant, With Much to Maintain Saturday, October 18, 2008 @ 12:14AMHired by banks and other lending institutions on the Island, home preservation companies are racing to keep increasing numbers of foreclosed properties from sharing the fate of the Bay Shore house.
  • Sacramento Will Get $32 Million to "Flip" Foreclosures Friday, October 17, 2008 @ 8:52PMThe Central Valley has been impacted by the foreclosre crisis more than any other area in the country.  Finally that recognition brings with it some reward.
  • Economist: Coachella Valley economy gets a D-minus Friday, October 17, 2008 @ 4:21PMThe Coachella Valley Economic Partnership challenged more than 300 attendees of an economic summit on Friday in the quest to retool an economy characterized as isolated and in decline.
  • Link, Stacey in contention for commissioner seat Friday, October 17, 2008 @ 4:11PMBATH TWP. — The race to earn a seat on the Clinton County Board of Commissioners representing District 7 has drawn two candidates.
  • Monticello, surrounding cities give updates at event Friday, October 17, 2008 @ 1:09PMThe Wright County Economic Development Partnership held a State of the Cities event in Otsego at the Rockwood’s Banquet Center on June 18. This event featured the northern and eastern cities of Wright County, and included the county seat, Buffalo.
  • Auction of Upscale Orlando Foreclosures Gives Buyers Pick of Dream Homes Friday, October 17, 2008 @ 11:24AM Ranging in Value from $100,000 to $500,000, Homes Will Be Auctioned October 26th by Hudson & Marshall
  • Peoples Bancorp Announces Third Quarter Earnings Results Friday, October 17, 2008 @ 7:30AM Peoples Bancorp of North Carolina, Inc. , the parent company of Peoples Bank, reported net income of $1.7 million, or $0.31 basic and diluted net income per share, for the three months ended September 30, 2008 as compared to $2.6 million or $0.46 basic net income per share and $0.45 diluted net income per share, for the same period one year ago.