RealtyTrac: July foreclosures rose 7 percent from June; lenders slow to modify loansWASHINGTON — The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage. Realtors group says home sales increase from 1st quarter to 2nd, sign of stabilizationWASHINGTON — U.S. home sales grew in the second quarter in 39 states, another sign that the ailing housing market is finally coming to life. Former Fla. judge linked to stripper pleads guilty to bank fraud by false mortgage applicationTAMPA, Fla. — A former Florida appeals court judge who resigned amid controversy over his financial and personal relationship with a stripper has pleaded guilty to bank fraud. Saving souls and homes: LA priest labors to keep his flock out of foreclosureLOS ANGELES — A priest’s typical mission is saving souls, but the Rev. John Lasseigne has a more down-to-earth goal — saving homes. Tips for borrowers with mortgage problems who need to deal with loan servicersWASHINGTON — Having trouble paying your mortgage? To find out if you qualify for a loan modification, you’ll have to work with a loan servicer — the company that collects your mortgage payments. AP IMPACT: Mortgage middlemen to profit from gov’t housing bailout despite checkered pastWASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they’re supposed to help, an Associated Press investigation has found. Consumer spending up in , unlikely to lead recovery as incomes fall, unemployment risesWASHINGTON — As gasoline prices rose, Americans spent more in June than the previous month — despite falling incomes. For the rest of the year, economists expect falling wages and rising unemployment to act as a drag on spending. Stocks post modest rise as traders take a break from heavy buying; Dow rises 34 pointsNEW YORK — Having sprinted higher for three weeks, the stock market is taking a break. Consumer spending up in June but unlikely to lead recovery as incomes fall, unemployment risesWASHINGTON — As gasoline prices rose, Americans spent more in June than the previous month — despite falling incomes. For the rest of the year, economists expect falling wages and rising unemployment to act as a drag on spending. Stocks zigzag after better data on consumer spending and housing; traders pause after rallyNEW YORK — Stocks barely budged Tuesday as investors took a break from a huge three-week rally. Report finds only 9 pct of homeowners getting help; 10 mortgage companies haven’t helped anyWASHINGTON — The government’s $50 billion program to ease the mortgage crisis is helping only a tiny fraction of struggling homeowners, and a list released Tuesday showed which lenders are laggards. Investors try to extend rally, edge higher after better consumer spending, housing dataNEW YORK — Stocks edged higher Tuesday as investors tried to extend a huge three-week rally. US homes data helps European markets pare losses as Wall Street trades higher than expectedLONDON — European stock markets recouped earlier losses Tuesday after Wall Street opened better than expected, as more encouraging U.S. housing news sustained hopes the world’s largest economy could be on the verge of recovery. Stocks pull off lows, trade mixed following report showing more healing in housingNEW YORK — Stocks are paring early losses as investors cheer a report showing more signs of healing in the housing market. Pending home sales rise in June for 5th consecutive monthWASHINGTON — Pending U.S. home sales rose in June for the fifth straight month, another encouraging sign of life for the embattled U.S. housing market, the National Association of Realtors reported Tuesday. Homebuilders Pulte Homes, Centex see order trends improve from earlier this yearPulte Homes Inc. and Centex Corp. posted quarterly results Monday reflecting the recent improvement seen in the nation’s battered housing market. Can shame boost Obama administration’s effort to stem foreclosure crisis?WASHINGTON — The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes to foreclosure. Housing begins to reverse 3-year recession in every US region, but 2nd half looks rockyIt was — note the past tense — the worst housing recession anyone but survivors of the Great Depression can remember. Genworth shares fall after 2nd-quarter loss; CEO optimistic about market improvementsNEW YORK — Genworth Financial Inc. shares slipped on Friday, a day after the insurer reported worse-than-expected second-quarter results as it was hit by losses in its U.S. mortgage insurance division and investment portfolio. Federal authorities create mortgage fraud task force in ConnecticutNEW HAVEN, Conn. — Federal authorities are creating a mortgage fraud task force in Connecticut to investigate schemes that contributed to the economic crisis and emerging crime trends associated with the growing tide of foreclosures. Oregon governor signs bills to reduce foreclosures, verify mortgage originators’ backgroundsSALEM, Ore. — Gov. Ted Kulongoski signed two new consumer protection bills Thursday, including one aimed at reducing the number of home foreclosures in Oregon. Federal Housing Administration launches new program to lower payments for troubled borrowersWASHINGTON — Loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration’s loan modification program, the government will announce Thursday. House acts to protect unemployment, mortgage and highway programs during recessWASHINGTON — The House has taken emergency measures to keep federal programs supporting unemployment benefits, mortgage loans and highway projects from going broke while Congress is on vacation next month. House acts to shore up funds for highway, unemployment, mortgage programsWASHINGTON — The House took emergency steps Wednesday to keep vital federal programs from going broke while Congress is absent next month, removing the threat that people would lose their unemployment checks or chances to get a low-interest housing loan while lawmakers are on vacation. Congress acts to keep highway, unemployment, mortgage programs from running dryWASHINGTON — The House, doing some billion-dollar housekeeping before it leaves for the August recess, is taking up legislation to keep recession-hit federal programs that support highway projects, state unemployment insurance and mortgage loans from running dry. Feds charge 41 in Fla. mortgage fraud schemes involving $40 million in 6 different casesMIAMI — Federal prosecutors say 41 people have been charged in the latest round of South Florida mortgage fraud schemes. Lennar stock down after downgrade on recent rally; analyst says fundamentals still improvingNEW YORK — Shares of Lennar Corp. slid Tuesday after a Citi analyst downgraded the builder following the recent run-up in its stock price and urged investors to “feather out of” homebuilder positions. Loan official: Sens. Conrad and Dodd informed they were getting VIP home loan dealsWASHINGTON — Two influential Senate committee chairmen were told they were getting special VIP deals when they applied for mortgages, an official who handled their loans told Congress in closed-door testimony. Democratic Sens. Christopher Dodd and Kent Conrad had denied knowing they were getting discounts when they negotiated their loan terms. Meltdown 101: Why is it taking so long for government housing aid to make a big difference?WASHINGTON — Speaking at a high school in Mesa, Ariz., about a month after taking office, President Barack Obama launched an effort to keep as many as 9 million homeowners out of foreclosure in a major federal effort to stabilize the U.S. housing market. Sales of new homes rise at fastest clip in 8 years; economists see housing comebackWASHINGTON — New home sales rose last month at the fastest clip in more than eight years as buyers eagerly took advantage of bargain prices — a clear sign, economists said, that the real estate market may finally be bouncing back. |
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