Read more foreclosure stories on Newserhttp://www.newser.com/taggrid/3090/foreclosure.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 11:34:41 CSThttp://www.newser.com/story/74703/1-in-4-homeowners-underwater.html?utm_source=syn&utm_medium=rss&utm_campaign=tagNearly 1 in every 4 homeowners owes more on their mortgages than their homes are worth, a serious obstacle to any kind of housing recovery. According to a report from First American CoreLogic, a real estate information company, nearly 10.7 million households are “underwater,” with 5.3 million of...http://www.newser.com/story/74703/1-in-4-homeowners-underwater.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 24 Nov 2009 6:34:10 CSThttp://www.newser.com/story/74398/manager-i-warned-nic-not-to-buy-that-castle.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe business manager Nicolas Cage is suing for fraud is suing the actor right back, claiming he warned Cage he would have to make $30 million a year to support his extravagant lifestyle. Samuel J. Levin’s suit also claims he cautioned the actor—who recently lost two New Orleans homes...http://www.newser.com/story/74398/manager-i-warned-nic-not-to-buy-that-castle.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 19 Nov 2009 9:33:49 CSThttp://www.newser.com/story/73845/9-other-states-have-calif-sized-fiscal-messes.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCalifornia has by no means cornered the market on enormous financial problems at the state level, with a report out today saying Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island, and Wisconsin are also at tremendous risk. The Pew Center sees widespread unemployment, huge budget deficits, and the...http://www.newser.com/story/73845/9-other-states-have-calif-sized-fiscal-messes.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 11 Nov 2009 20:14:46 CSThttp://www.newser.com/story/73095/goldman-seizes-homes-as-securities-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagImagine finding yourself in a foreclosure battle and discovering that your opponent isn't the obscure lender who wrote your insane mortgage, but the formidable Goldman Sachs. It seems that after years of buying subprime mortgages and packaging them into bonds, at a handsome profit, Goldman is now in the business...http://www.newser.com/story/73095/goldman-seizes-homes-as-securities-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 02 Nov 2009 8:21:51 CSThttp://www.newser.com/story/71468/foreclosures-on-pricey-properties-pick-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe country's most expensive homes are now making up a larger segment of foreclosures in the most recent spike of mortgage defaults. An analysis of recent data shows that 30% of June foreclosures involved homes valued in the top third based on location; that’s up from just 16% at the...http://www.newser.com/story/71468/foreclosures-on-pricey-properties-pick-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 12 Oct 2009 9:19:00 CDThttp://www.newser.com/story/71370/watchdog-feds-need-to-expand-foreclosure-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Treasury's $50 billion loan-modification program is in danger of being swamped as the foreclosure crisis accelerates, the Congressional Oversight Panel said in a report yesterday. The Home Affordable Modification Program has met its target of 500,000 trial mortgage modifications started by November 1, but the watchdog warned that...http://www.newser.com/story/71370/watchdog-feds-need-to-expand-foreclosure-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 10 Oct 2009 5:00:00 CDThttp://www.newser.com/story/70644/dont-hate-me-im-just-here-to-clean-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCindy Reid doesn’t want you to think she and her boss—and boyfriend—are the “bad guys.” But it is difficult when her man is the one “you never want to see pull up to your house. He has eyes that go flat when you offer excuses,” because he doesn’t...http://www.newser.com/story/70644/dont-hate-me-im-just-here-to-clean-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 30 Sep 2009 12:07:26 CDThttp://www.newser.com/story/70442/bofa-severs-ties-with-acorn.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBank of America has cut off ties with ACORN’s housing assistance arm following revelations that employees of the community organizing group gave ill-advised assistance to videographers posing as a pimp and prostitute. ACORN Housing has worked with BofA—among other banks—since the '90s to help homeowners in danger of...http://www.newser.com/story/70442/bofa-severs-ties-with-acorn.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 28 Sep 2009 9:08:52 CDThttp://www.newser.com/story/70244/mortgage-scammers-prey-on-strapped-homeowners.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMortgage brokers who made a mint during the housing boom setting up homeowners in toxic loans are now profiting from a different sort of shady deal. So-called foreclosure rescue firms are proliferating across the US, taking money upfront and promising to negotiate with homeowners’ banks for better interest rates. Instead,...http://www.newser.com/story/70244/mortgage-scammers-prey-on-strapped-homeowners.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 24 Sep 2009 19:50:42 CDT