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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

Drew Harwell | Tampa Bay Times | “Tampa Bay home prices last month made their highest year-over-year jump since the housing boom, soaring 27 percent over July 2012 and reenergizing worries about a new bubble. The typical single-family home here sold last month for $172,000, the highest median price in five years, as buyers clawedRead more

by Kim Miller | “The goliath air conditioning system in the Palm Beach County courthouse is chugging full tilt as the temperature nears 90-degrees outside and, up on the fourth floor, the foreclosure court sign-in line grows. It’s been more than five years since Florida was rocked by the housing crisis, three years since theRead more

Fox23.com | “Ally Financial and its related companies are paying about $198 million to settle federal complaints that the companies wrongfully foreclosed on homeowners. The Federal Reserve announced the agreement Friday with Ally Financial, the former lending arm of General Motors known as GMAC Mortgage. Ally’s settlement is similar to accords between federal regulators and 13 otherRead more

Paul Brinkmann | South Florida Business Journal | “An apparent oversight by JPMorgan Chase Bank recently led to the dismissal of a foreclosure on Valerie Kaan’s $8 million waterfront home in Boca Raton. The bank requested dismissal of the 2008 case when Kaan’s attorney, Roy Oppenheim, objected to the sudden appearance of the original note on the loan. The bankRead more

Martin Michaels | Mint Press News | Protesters marched for International Workers Day on May Day in Minneapolis, Minn. (Photo/Fibonacci Blue via Flickr) “Last week, housing rights advocates in 15 U.S. cities delivered 10,000 petition signatures to Chase Bank branches demanding justice for Sergio Ceballos, a Minneapolis resident who faces what advocates believe is an unjust foreclosure proceeding.Read more

JANN SWANSON | Mortgage News Daily | “The Federal Reserve Bank of New York has updated and released proceedings of a conference it held last October in conjunction with the Rockefeller Institute of New York. The conference, entitled Distressed Residential Real Estate: Dimensions, Impacts, and Remedies was devoted to three main topics: An assessment volumes of properties thatRead more

eCreditDaily | “There is a considerably larger volume of loans in the foreclosure process in judicial states — where a judge presides — and that appears to be impeding home price recovery in those states. An analysis by the Federal Reserve Bank of New York shows that the average number of days that a mortgageRead more

Michael Sasso | Tribune Staff | “Fewer people are losing homes in the Tampa Bay area, but the region still has the nation’s sixth-highest foreclosure rate, a new ranking shows. In fact, metropolitan areas in Florida take up five of the six top spots in the nationwide ranking by RealtyTrac, a foreclosure research firm. That’s likelyRead more