Lenders balk at Patrick foreclosure program
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Governor Deval Patrick's foreclosure-prevention program, which he unveiled yesterday, has so far failed to win broad support from mortgage lenders.
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WITH economists holding mixed views on the future course of interest rates, homebuyers face difficult choices when trying to decide which type of mortgage to go for.
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A group of major mortgage lenders will allow some homeowners facing foreclosure to delay losing their homes for 30 days.
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Analysts said President Bushâs plan to aid troubled homeowners facing foreclosure fell short of the broad reforms needed to help people meet mortgage payments.
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Fraudsters are targeting troubled  borrowers facing foreclosure in a scheme that could leave  homeowners with even more debt than they otherwise would face,  a new online video warns.
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A wave of foreclosures could be prevented if the largest federal home-ownership program were open to more delinquent borrowers, according to a study being mulled by the nation's largest mortgage investor group.
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Business & money: Many have lost their homes after repayment pledge failed to avert repossession.
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They are jumping ship or receiving the  pink slip. America's real estate agents and mortgage lenders,  that is.
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As the U.S. mortgage crisis forces more properties into foreclosure, even renters are feeling the pain.
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Treasury chief is looking for a financial instrument to help homeowners facing foreclosure.
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The Patrick administration's chief housing official yesterday called for better regulation of mortgage brokers and the establishment of a $5 million fund to assist the escalating number of Massachusetts homeowners facing the loss of their homes through foreclosure.
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Home foreclosures have set a record in the face of a Fed request to avoid taking homes.
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RIVERVIEW, Fla., Jan. 25 -- Piece by piece, as the economy has faltered and as the subprime mortgage crisis has taken hold, Ivan Toledo's grasp on his job, his house -- his entire middle-class life -- has come undone.
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Mortgage foreclosures rose to a four-year high in the second quarter, a sign that homeowners with good credit are having trouble paying their bills.
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THE REGION The Massachusetts Senate is expected today to pass legislation aimed at preventing foreclosures and mortgage fraud. The bill encompasses several proposals made earlier by legislators and Governor Deval L. Patrick including: Making mortgage fraud a felony; establishing procedures to avoid deceptive mortgage loan advertising; adding requirements for lenders and borrowers, including in-person counseling; licensing mortgage originators; creating a ...
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Six top mortgage lenders and servicers on Tuesday launched a new program aimed at staving off foreclosure for seriously delinquent borrowers in the hopes that new, more affordable loan terms can be worked out.
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Mortgage lenders submitted a record 19,487 foreclosure filings in Massachusetts last year, leaving more homeowners in danger of losing their homes than at any time since the real estate recession of the 1990s.