Fannie Mae and Freddie Mac are asking loan servicers to consider delaying foreclosures, suspending payments or taking other action to help Oklahoma homeowners.
Yes, say the credit-reporting agencies, whose automated systems don't distinguish between the two processes. But some argue the two groups deserve different treatment.
An 80-year-old Oregon homeowner had the canceled checks to prove she had made all her payments but couldn't get Wells Fargo to listen. A judge has dismissed the foreclosure.
Moody's Mark Zandi is reportedly under consideration to replace FHFA's Edward DeMarco. Unlike DeMarco, Zandi believes in principal reduction.
The numbers were up 6% in judicial states, but down 44% in nonjudicial states, compared with the first quarter of 2012.
The 4.2 million homeowners who were in foreclosure in 2009 and 2010 will get payments ranging from $300 to $125,000. Among those are 1,082 military members who wrongly lost their homes.
Former homeowners who experienced foreclosures and short sales want to buy again. How long they have to wait depends on a variety of factors.
About Teresa Mears
Teresa Mears is a veteran journalist who has been interested in houses since her father took her to tax auctions to carry the cash at age 10. A former editor of The Miami Herald's Home & Design section, she lives in South Florida where, in addition to writing about real estate, she publishes Miami on the Cheap to help her neighbors adjust to the loss of 60% of their property value.