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WCTV | “Bob Wallerius walks with a noticeable limp. He’s had 40 surgeries after a bad traffic accident. On the day he spoke to Eyewitness News, a foreclosure sale was scheduled for his northwest Tallahassee home. “Had to go to bed one more night not be able to sleep and wake up trying to haveRead more

Newsroom America Staff | “CoreLogic says there were 48,000 completed foreclosures in the U.S. in August of 2013, down from 72,000 in August 2012, a year-over-year decrease of 34 percent. On a month-over-month basis, completed foreclosures increased 1.3 percent, from 47,000 in July 2013. Overall residential shadow inventory, as of July 2013, was 1.9 millionRead more

Mark Felsenthal and Margaret Chadbourn | Reuters “Obama will propose eliminating mortgage finance entities Fannie Mae andFreddie Mac over time, replacing them with a system in which the private market buys home loans from lenders and repackages them as securities for investors, senior administration officials said. The mortgage securitization process is deemed essential to the smooth flow ofRead more

Leah Schnurr | Reuters “Lenders completed fewer U.S. foreclosures in June than they did a year ago, while the number of properties sitting in the foreclosure pipeline also decreased as the housing market continued to improve, data from CoreLogic showed on Tuesday. There were 55,000 foreclosures finished last month, down from 68,000 in June of last year,Read more

huffingtonpost.com | “Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under the deal announced Monday, the bank will pay $3.6 billion to Fannie Mae and buy back $6.75 billion in loans that the North Carolina-based bank and its Countrywide banking unit sold toRead more