Lenders extend overdue loan on Met Park East office tower
The owner of Metropolitan Park East, a 20-story office tower in Seattle’s Denny Triangle, has reached agreement with its lenders to extend a loan on which it defaulted 10 months ago.
Foreclosures slow to trickle as lenders shift strategy – msnbc.com
A sharp slowdown in the pace of home foreclosures may help ease the financial burden on bankers by helping them unload a glut of repossessed homes more slowly and delay booking losses from the sale of distressed properties. But it will do little to help …
Fewer homes in Mass. lost to lenders
Home foreclosures in Massachusetts kept falling in May, with the month registering the lowest number of property seizures so far this year, according to new data released yesterday.
Some lenders allegedly deny mortgages to women on maternity leave
Two new legal actions by federal fair lending regulators suggest the mortgage industry needs to address the issue of possible discrimination against women who are pregnant or on maternity leave. Should being pregnant and taking maternity leave ever be reasons to be turned down for a home mortgage or having your loan closing postponed?
Gov’t orders 14 lenders to reimburse homeowners
The federal government on Wednesday ordered 16 of the nation’s largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.
Attorneys general try to rein in lenders’ shabby behavior on modifications
When you take out a home mortgage, do you expect to be treated fairly and competently by your bank or loan servicer?
Lenders take back 1 million homes last year despite slowdown in foreclosures in December – Minneapolis Star Tribune
NEW YORK – The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their …
Homes lost to lenders jump in ’10 – Worcester Telegram & Gazette
The number of completed foreclosures in the state jumped almost 32 percent last year, but was down from 2008, as the pace slowed dramatically last month. The slowdown in foreclosures last month does not signal an end to the three-year tide of lenders …
Lenders take back 1 million homes last year despite slowdown in foreclosures in December – Chicago Tribune
NEW YORK (AP) — The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on …
HUD investigates lenders’ fair-housing practices
Federal officials have launched an investigation to determine whether 22 mortgage lenders have been discriminating against qualified African-American and Latino borrowers by denying them government-insured loans.