Topic: Reuters Group plc

Foreclosures fall but new delinquencies rise: MBA

NEW YORK (Reuters) - The number of U.S. homes headed for foreclosure fell in the second quarter for the first time since the housing slump began in 2006, but improvements may be fleeting as the number of newly delinquent homeowners rose, a ...

Iconic NYC housing complex's foreclosure halted

NEW YORK (Reuters) - A New York judge has put on hold a foreclosure auction for equity in Manhattan's giant Stuyvesant Town and Peter Cooper Village apartment complexes, a victory for senior lenders owed nearly $3.7 billion after the property's owner defaulted. ...

Bank repossessions drive up July foreclosures

NEW YORK (Reuters) - More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace. Banks repossessed the second highest monthly number of homes ever last ...

Foreclosures up in 75 percent of top U.S. metro areas

NEW YORK (Reuters) - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday. Unemployment was the main culprit ...

Banks repossess homes at record pace: RealtyTrac

NEW YORK (Reuters) - Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday. The root problems of job losses ...

Treasury says 1 million homeowners in loan modifications

WASHINGTON (Reuters) - An Obama administration program to help struggling homeowners modify their mortgages has more than one million active borrowers, though fewer than 10 percent have obtained permanent loan modifications, according to a Treasury Department report released on Friday. The report ...

Cleveland deemed most miserable city in USA

NEW YORK (Reuters Life!) - Cleveland has won the dubious distinction of being the most miserable city in the United States, according to a new poll. The Ohio city on the Cuyahoga River has high unemployment, dismal weather, hefty taxes, corruption and ...

U.S. 2009 foreclosures shatter record despite aid

NEW YORK (Reuters) - U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday. A record 2.8 million properties with a ...

Foreclosure buyer demand dips as supply mounts

NEW YORK (Reuters) - U.S. home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a survey showed on Tuesday. A ...

Obama administration facing new pressure on foreclosures

WASHINGTON (Reuters) - The Obama administration is facing stepped up pressure to provide more details about its efforts to help struggling homeowners stay in their homes. U.S. Treasury Secretary Timothy Geithner earlier this month said about half a million American families are ...
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