The once- epidemic level of underwater properties retreated further into history in 2016 as another 1 million homeowners regained equity in their homes. CoreLogic said on Thursday that 48 million homes, about 93.8 percent of those with a mortgage, now have positive equity.
Chicago Teachers Union Vice President Jesse Sharkey issued the following statement today in response to the Supreme Court's Janus decision: Today we will see neoliberal Democratic Party political bosses like Rahm Emanuel shaking their fist at this decision, acting as if they have not been bi-partisan partners in the erosion of workers' rights, co-conspirators in…
The Federal Trade Commission put a stop to a mortgage loan modification operation, filing suit in Nevada federal court alleging violations of the Mortgage Assistance Relief Services Rule and the FTC Act. According to the agency's complaint, multiple corporate defendants and three individuals promised expert legal assistance, claiming a 98 to 100 percent success record…
WASHINGTON U.S. Housing and Urban Development Secretary Ben Carson today announced HUD will speed federal disaster assistance to the State of Texas and provide support to homeowners and low-income renters forced from their homes due to Hurricane Harvey. To date, President Trump issued a disaster declaration for the following counties : The President's declaration allows…
The home foreclosure rate in the Greensboro-High Point, N.C., region is so low that it's not considered a threat to the area's economy. A new survey shows that the three-county region had 246 homes in some stage of foreclosure during August – nearly 11% lower than a year ago and low enough to rank the…
California's record poverty and real-estate bubble are creating a “wheel-estate” boom of people with good jobs living in their cars Extreme housing prices in California — driven by a combination of speculation, favorable legal/tax positions for landlords, foreclosures after the 2008 crisis, and an unwillingness to build public housing — has created vast homeless encampments,…
The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the first quarter of 2018, 920 homes were slated for foreclosure for the first time – a 31 percent year-over-year increase, according to a new report by PropertyShark. Foreclosure News
