The Federal Reserve concedes mortgage principal reduction is widely debated and has the potential to ease the foreclosure crisis, but its benefits are hard to quantify, the central bank concluded in an assessment ...

Mortgage modifications are suppose to help borrowers avoid foreclosure, but they have provided mixed results since the onset of the housing crisis in 2008. The U.S. regulator for national banks, the Office of the ...

Nearly five years since the housing market’s bubble began to burst, the consensus for 2012 is for more of a snail’s pace recovery, with home prices bottoming out possibly by the end of the year. But even housing ...

The Federal Housing Administration is extending for another year its temporary waiver of anti-flipping regulations, initially introduced in 2010 to facilitate the turnaround of foreclosed properties in hard hit ...

Across the country, an estimated 11 million homeowners owe more than the worth of their houses, but those who refuse to “walk away” are saving their neighborhood from complete collapse, according to the latest ...

Falling home prices, the prospect of being “underwater” for years and advice from certain pundits or “mavens” have encouraged some homeowners to stop paying their mortgages despite their ability ...

JPMorgan Chase was singled out by administrators of the Obama Administration’s mortgage modification program for needing “substantial improvement” in helping homeowners avoid foreclosure. The U.S. Department ...

The national mortgage delinquency rate – the ratio of borrowers 60 days or more past due – will peak in early 2012 at just above 6 percent, but will slip to about 5 percent by the end of next year, according ...

The beleaguered housing market is still very much in a funk, with a closely-followed index seeing another dip of 1.3 percent in October compared to the previous month, said CoreLogic’s latest report. The October ...

In the midst of a national housing crisis that hasn’t even peaked by some estimates, the Occupy Wall Street movement has its sights set on foreclosed homes and the auctions that sell repossessed properties to ...