Foreclosure Crisis
Foreclosure List Problem Batters Wealthy High-Tech Regions
John Evan Miller / May 26th, 2009
Regions that were initially protected from the effects of the nationwide housing collapse because of their high-tech industries are now suffering the economic difficulties brought about by … More >>
Hope for Homeowners Expanded to Cut Down Foreclosed Homes
John Evan Miller / May 25th, 2009
The Hope for Homeowners loan refinancing program which was launched by the Bush administration in October last year has been expanded by President Obama on Wednesday to save more houses … More >>
Homebuilder and Financial Stocks Rose Despite Foreclosures
John Evan Miller / May 20th, 2009
Stocks of homebuilders gained today despite setbacks arising from continued forclosures in many areas of the country. More >>
More Immigrants, Latinos Evicted from Foreclosed Homes
John Evan Miller / May 15th, 2009
A report from the Pew Hispanic Center on foreclosure rates in counties across the U.S. stated that there are more foreclosure houses in counties that have bigger share of immigrants. More >>
Slight Drop in Prices of New, Existing, Foreclosed Houses
John Evan Miller / May 14th, 2009
A house price report by the Integrated Asset Services (IAS) showed that falling prices of new, existing and foreclose houses in the country slowed down in March. IAS' benchmark index … More >>
Consumer Credit Fell As Effects of Foreclosed Homes Kept On
John Evan Miller / May 8th, 2009
As the oversupply of forclosure homes for sale pushed the jobless rate to its highest point in decades, consumer credit declined in March by a record $11.1 billion, nearly 3 times more than … More >>
House Panel Okays Bill to Cut Down Foreclosure Properties
John Evan Miller / April 30th, 2009
Learning from the crisis caused by large numbers of real estate foreclosure properties for sale, the U.S. House Financial Services Committee passed a bill that would stamp down lending … More >>
Loans Drop Despite Low Rates, Low Prices in Foreclosure Listings
John Evan Miller / April 30th, 2009
During the week ended April 24, the number of applications for mortgage loans and loan refinancing dropped to its lowest level since the middle of March despite the drop in mortgage rates … More >>
Job Claims Rise, Home Sales from Foreclosure Listings Fall
John Evan Miller / April 24th, 2009
In March, sales of pre-owned homes, including homes in foreclosure lists, declined by 3 percent, according to data from the National Association of Realtors. More >>
Senate Approves Probe on Crisis and Foreclosed Homes
John Evan Miller / April 23rd, 2009
The effects of hundreds of thousands of foreclosed homes across the country are so devastating that the U.S. Senate was spurred to create legislation to ensure the foreclosure crisis that … More >>
Table of Content
- 1. Definition
- 2. History
- 3. Foreclosure Freeze
