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Kickbacks as 'a natural part of business' at Fannie Mae alleged
Before dawn one hazy March day in L.A., Armando Granillo pulled his SUV into a Starbucks near MacArthur Park, where he planned to pick up an envelope full of cash from an Arizona real estate broker, federal investigators say. Granillo, a foreclosure...
Tags: FBI, Finance, Services and Shopping, Corporate Crime, Politics
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Foreclosure-related home sales drop in first quarter
Sun SentinelSales of South Florida homes in some stage of foreclosure declined in the first quarter as buyers struggled to find properties in a vastly improved housing market, new data show. Broward County had 3,157 foreclosure-related sales from January through...Tags: Real Estate, Real Estate Sellers, Real Estate Buyers, Services and Shopping, Palm Beach County
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Wells Fargo to spend more than $40 million to settle fair-housing complaint
One of the nation's largest banks will spend $27 million to help minority communities that have been especially hard-hit by home foreclosures — including some around Orlando — in a deal announced Thursday by the National Fair Housing Alliance....
Tags: Corporate Officers, U.S. Department of Housing and Urban Development, Banking, Bank of America Corp., Tampa
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Monthlong slowdown continues for Wells, Citi foreclosure sales
A month after nearly halting foreclosure sales in reaction to tighter federal regulation, Wells Fargo & Co. and Citigroup Inc. are still selling seized properties at a sharply reduced pace, according to a research firm that tracks Western foreclosure...
Tags: U.S. Department of the Treasury, Citigroup Incorporated, Mortgages, Homes, Financial and Business Services
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Wells Fargo settles allegations over foreclosed homes
Tribune staff reporterThe National Fair Housing Alliance and 13 of its members, including two suburban Chicago groups, will receive $27 million from Wells Fargo to resolve a 14-month-old federal housing discrimination complaint that alleged the bank took better care of its...Tags: U.S. Department of Housing and Urban Development, Bank of America Corp., Washington, DC, U.S. Bancorp
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ANALYSIS-U.S. housing price gains mask lingering market weaknesses
ReutersBy Tim Reid LOS ANGELES, May 28 (Reuters) - The recovery in the U.S. housing market is showing a pattern far different from what followed previous downturns, experts say, suggesting that the dramatic price gains of recent months may not be sustainable....Tags: Finance, Clubs and Associations, Services and Shopping, Rentals, Standard & Poor's Financial Services LLC
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U.S. foreclosure sales tumble in Q1-RealtyTrac
ReutersNEW YORK, May 30 (Reuters) - Sales of U.S. homes in foreclosure fell in the first quarter, a report from RealtyTrac showed on Thursday, the latest data to suggest the housing market is on the mend. There were 190,121 properties sold that were in the...Tags: Real Estate, Services and Shopping, Homes
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Aaron Gordon: Condo associations gain victory over banking lobby
For the second year in a row, Florida's condominium associations dodged a financial bullet when legislators opted to favor voters rather than the powerful banking lobby. It was an important victory for the state's struggling community associations,...Tags: Finance, Politics, Elections, Tampa, Economy, Business and Finance
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OptimumBank leaders determined to ride out storm
The numbers would make anyone blink: Bad loans account for nearly a fifth of Fort Lauderdale-based OptimumBank's $88.6 million loan portfolio. But this isn't a tale of woe from the Great Recession. It's happening this year. There may be more bad times...
Tags: Federal Deposit Insurance Corporation, Real Estate, Banking, Services and Shopping, Tamarac
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3 big banks nearly halt foreclosure sales after U.S. tweaks orders
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes. The banks...Tags: Office of the Comptroller of the Currency, U.S. Department of the Treasury, JPMorgan Chase & Co., Citigroup Incorporated, Mortgages
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Deal bolsters prospects for stalled marina project
A stalled residential marina development in Blue Island has been purchased by a south suburban company that built its name rehabbing foreclosed homes. Tinley Park-based Mack Cos. acquired 27 acres at Fay's Point, on a peninsula between the Cal-Sag...
Tags: Finance, Broadway Theater, MB Financial Inc., Real Estate, U.S. Department of Housing and Urban Development
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Housing Industry, Finance, Freddie Mac, Services and Shopping, The Washington Post
May 27, 2013
|Story| Los Angeles Times
May 29, 2013
|Story| South Florida Sun-Sentinel
Jun 6, 2013
|Story| Orlando Sentinel
Jun 6, 2013
|Story| Los Angeles Times
Jun 6, 2013
|Story| Chicago Tribune
May 28, 2013
|Story| Reuters
May 29, 2013
|Story| Reuters
May 22, 2013
|Story| South Florida Sun-Sentinel
May 21, 2013
|Story| South Florida Sun-Sentinel
May 19, 2013
|Story| Los Angeles Times
May 17, 2013
|Column| Chicago Tribune
May 17, 2013
|Story| Los Angeles Times
Original site for Foreclosures topic gallery.