Bankers fight calls to offer wide mortgage relief for underwater homeowners
By Renae Merle
Washington Post Staff Writer
Wednesday, April 14, 2010
Banking executives pushed back Tuesday against pressure from lawmakers and housing advocates to cut the loan balances of millions of homeowners who owe more than their homes are worth.
Foreclosures rise as banks repossess more homes
By Renae Merle
Friday, April 16, 2010
More people lost their homes to foreclosure during the first quarter of this year as banks worked through a backlog of troubled borrowers and repossessed more properties, according to data released Thursday by RealtyTrac.
The number of homes repossessed, the final stage of the foreclosure process, reached 257,944 during the quarter. That is up 9 percent from the previous quarter and 35 percent from the first quarter of 2009, according to RealtyTrac, an online service that estimates that it tracks about 90 percent of the housing market.
By Renae Merle
Washington Post Staff Writer
Wednesday, April 14, 2010
Banking executives pushed back Tuesday against pressure from lawmakers and housing advocates to cut the loan balances of millions of homeowners who owe more than their homes are worth.
Foreclosures rise as banks repossess more homes
By Renae Merle
Friday, April 16, 2010
More people lost their homes to foreclosure during the first quarter of this year as banks worked through a backlog of troubled borrowers and repossessed more properties, according to data released Thursday by RealtyTrac.
The number of homes repossessed, the final stage of the foreclosure process, reached 257,944 during the quarter. That is up 9 percent from the previous quarter and 35 percent from the first quarter of 2009, according to RealtyTrac, an online service that estimates that it tracks about 90 percent of the housing market.
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