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KATE BERRY | American Banker | “The nation’s four largest banks are holding $57 billion of seriously delinquent loans that they’ve been slow to move into foreclosure over concerns that the Federal Housing Administration, the government mortgage insurer, will refuse to cover the losses and hit them with damages, according to industry sources. The banks —Read more

“Citing a higher than average foreclosure rate, Moody’s Investors Service assigned a negative outlook for the city of St. Petersburg. The negative outlook was part of an Oct. 3 report from Moody’s that also affirmed the city’s Aa2 issuer rating, or a measure of the city’s ability to meet its obligations. The affirmation of theRead more

Celia Watson Seupel, Special to CNBC | “When real estate agent John Lebron opened EZ Investments in Tampa, Fla., he may have already been planning fraud. His very first EZ Investments transaction involved selling a distressed property to his sister, then to his brother-in-law, the kind of “non-arms-length” flopping that tips authorities to collusion. LebronRead more

By Michael Braga, Herald-Tribune | “Florida had the highest foreclosure rate in the U.S. in July, according to the Florida Legislature Office of Economic and Demographic Research. One in every 326 housing units was in foreclosure. Nine of the top 10 cities in the country – in terms of foreclosure rates – were in Florida – Jacksonville,Read more

By Elliot Njus | oregonlive.com “An expanded state foreclosure mediation program is showing far more promise for homeowners than its 2012 launch, a virtual nonstarter. In the first six weeks since the expansion took effect in August, the program has received 456 requests for face-to-face meetings between mortgage borrowers and lenders, the Department of JusticeRead more

“A lawsuit accusing Bank of America Corp of reneging on promises to help distressed homeowners modify their mortgage loans and of driving them into foreclosure instead cannot proceed as a class action, a federal judge has ruled. While agreeing that the borrowers’ claims “may well be meritorious,” US District Judge Rya Zobel in Boston saidRead more

Solomon Poretsky, Demand Media | “Florida’s legislature passed the “Florida Fair Foreclosure Act” on July 1, 2013. It’s designed to help clear up Florida’s large backlog of foreclosures. As written, it contains protections for both lenders and borrowers and spans both owner-occupied and investment properties. Even with the homeowner protections, the law is unpopular withRead more

Scott Gunnerson | FLORIDA TODAY | “Zombies are everywhere lately, it seems. TV shows, video games, even chasing runners during special 5K races. You might even have a zombie next door. The first sign of trouble: An unmaintained yard, growing wild amid Florida’s summer heat and rain. “Zombie” properties — homes abandoned by the owners, but stillRead more

Rebecca Freeman | U.S. Finance Post | “The number of foreclosures in July were down 25 percent from a year earlier according to CoreLogic. During the month of July 49,000 foreclosures were completed compared to 53,000 the previous month.That was a decrease of 8.6 percent. In July 2012 there were 65,000 foreclosures. For context, CoreLogic pointed toRead more

By Francys Vallecillo | World Property Channel | “The U.S. foreclosure inventory decreased 32 percent in July compared to last year, according to the latest numbers from CoreLogic. The inventory included approximately 949,000 homes in some stage of foreclosure. As of July, the foreclosure inventory represented 2.4 percent of all homes with a mortgage, compared toRead more