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She is about to see a career counselor, hoping for insights on how a woman might reenter the work force ... her mortgage, but only because her son has been making the payments. She worries that she might yet slide into the weeds of foreclosure.

In Foreclosure Capital, Meltdown And Poverty Feel Permanent

"The mortgage crisis is a man-made disaster that has taken a heavy toll on the country, but it saved its worst for California and Nevada," Harris said. Both states share a foreclosure system in which a bank can foreclose on a borrower's home ...

California, Nevada AGs join forces to fight mortgage fraud

In October 2011, Nevada and California ranked first and second ... Mortgage Fraud Strike Force that launched a wide series of investigations and litigation into areas including violations of the law related to mortgage lending, servicing, and foreclosure ...

California, Nevada Team On Mortgage Fraud Probe

Nevada's 4-year-old mortgage strike force will ... lenders can foreclose without court oversight, making it easier for unscrupulous practices to spread. Last year, California led the nation with about 547,000 foreclosure filings, while Nevada ...

New probe must hold abusive mortgage lenders accountable

"We have some people out there with an appetite (to buy) who have a down payment and can qualify ... Distressed sales - foreclosures and short sales sold for less than is owed on the mortgage - remain a potent force, accounting for almost ...

Bay Area home sales rise, but prices fall

Once the homeowner agrees to enter the program, a judge would sign an order putting the foreclosure proceedings on hold until a new mortgage arrangement is negotiated, or an impasse is declared. The program was created by a task force led by Thomas W.

Berks foreclosures drop, no sign of stability

That has led to almost 15 million homeowners owing more on their mortgages than their homes are worth, 3.5 million homes in the foreclosure ... avoid paying private mortgage insurance. The problem is that second mortgage owners can now veto any modification.

Connecticut U.S. Senate Candidate Susan Bysiewicz Releases Wall St. Reform Video

The feeding frenzy of easy money, teaser interest rates, one hundred percent financing (generally involving two mortgages, a first mortgage for eighty percent of the purchase price and a second for the ... of repayment that can be recorded in many, if ...

SIGTARP's scathing report on Administration handling of TARP funds

Another Chapter 13 advantage for borrowers facing foreclosure is that although you can't reduce the balance of a first-lien mortgage loan, if the value of the property has declined so that there's no equity left for a second lien holder, "the second ...

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