Michigan Court of Appeals ruling could halt some foreclosures – WXYZ
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Michigan Court of Appeals ruling could halt some foreclosures
WXYZ (WXYZ) – A ruling by the state Court of Appeals could mean relief for thousands of people facing foreclosure in Michigan. The ruling applies to foreclosures started under the Mortgage Electronic Registration System, or MERS. MERS is a nationwide system … |
Banks must step up now for Hardest Hit fund – Asheville Citizen-Times
 Daily News Pulse |
Banks must step up now for Hardest Hit fund
Asheville Citizen-Times Lisa Nuszkowski is director of the Michigan Foreclosure Task Force. In September, the Department of Treasury awarded Michigan with $216.8 million in Hardest Hit funds to assist struggling homeowners make their mortgage payments and avoid foreclosure. … State foreclosure aid program begins online applications Monday |
Foreclosure Aid Fell Short, and Is Fading Away – New York Times
 Politico |
Foreclosure Aid Fell Short, and Is Fading Away
New York Times An examination of federal documents and lawsuits, and interviews with legislators, state attorneys general, housing counselors, homeowners and regulators, reveal a federal mortgage modification program crippled by weak oversight, conflicts of interest, … Mortgage Principal Reductions From The Hardest Hit Fund And HAMP–Will … |
Ally joins state foreclosure aid program – The Detroit News
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Ally joins state foreclosure aid program
The Detroit News Ally Financial Inc. said Friday it was participating in a Michigan program to help struggling homeowners avoid foreclosure. The Detroit-based auto and home lender said its GMAC Mortgage subsidiary is taking part in Michigan's Hardest Hit program. … GMAC Mortgage now taking part in Hardest Hit program Ally to reduce mortgage principal in Michigan |
US Foreclosure Filings May Jump 20% This Year as Crisis Peaks – Bloomberg
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US Foreclosure Filings May Jump 20% This Year as Crisis Peaks
Bloomberg Home values may rise 0.6 percent for the year, the first annual jump since 2006, according to Fannie Mae, the largest US mortgage buyer. … |
Federal aid to help RI homeowners at risk of foreclosure – Providence Journal
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Federal aid to help RI homeowners at risk of foreclosure
Providence Journal Rhode Island Housing, the state agency that deals with mortgage and housing issues, oversees the program, which became available to Providence residents Nov … |
False foreclosure notice: Paperwork errors not a problem for Michigan – Detroit Free Press
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False foreclosure notice: Paperwork errors not a problem for Michigan
Detroit Free Press Two days later, he got a letter from Chase saying he was delinquent on his mortgage and that it would foreclose if he didn't contact the bank. … |
Facing Foreclosure, Homeowners Want Legal Recourse – The Ledger
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Facing Foreclosure, Homeowners Want Legal Recourse
The Ledger A Deutsche Bank spokesman noted that the mortgage servicer, not the trustee, is usually responsible for handling foreclosures. In Michigan, Rought says that … |
A Housing (Case) Boom – New York Times
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A Housing (Case) Boom
New York Times Sonya Robison is facing a foreclosure suit in Colorado after the company handling her mortgage encouraged her to skip a payment, she says, to square up for … |
Bank of America mortgage reviews remain – Detroit Free Press
 Washington Post |
Bank of America mortgage reviews remain
Detroit Free Press In the remaining 27 states — including Michigan — Bank of America said it would continue to delay foreclosures as it reviews paperwork. … Foreclosure freeze full of 'unknowns' Foreclosures Derail Housing, Interest Rate Drops, and Strength in Mortgage … How Foreclosure Documentation Issues Could Paralyze Housing Recovery |