Foreclosures

Obama economic team, key lawmaker work to redo financial bailout and shift Bush course

2009-01-09 16:10:00

WASHINGTON (AP) — Eager to shift the course of the government's financial sector bailout fund, President-elect Barack Obama and congressional Democrats want to apply greater scrutiny and a more defined mission to the beleaguered $700 billion...

KB Home reports narrower loss in 4th-qtr, but lower home demand continues to weigh on results

2009-01-09 11:52:00

LOS ANGELES (AP) — KB Home managed to stem its losses in the fourth quarter versus a year ago, but the homebuilder saw sales plummet by 56 percent and said Friday it expects home prices to fall further this year and there are tougher times ahead for...

Obama economic advisers are redoing financial bailout amid criticism of its current course

2009-01-09 08:20:00

WASHINGTON (AP) — President-elect Barack Obama's economic team is broadening the mission of the $700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments. The overhaul...

Bank says processing error led to foreclosure proceedings on Rep. Marsha Blackburn's home

2009-01-09 07:43:00

BRENTWOOD, Tenn. (AP) — A bank's mistake caused a Tennessee congresswoman's home to enter foreclosure. Bank officials say Republican U.S. Rep. Marsha Blackburn's home was placed into foreclosure proceedings because of a processing error. GreenBank...

Committee chairman says House could act soon to put conditions on new release of bailout funds

2009-01-09 14:01:00

WASHINGTON (AP) — A key lawmaker said Friday he expects the House to act soon to impose conditions on any new release of the second $350 billion in federal bailout funds, with a mandate that between $40 billion and $100 billion go to help struggling...

Hurdles of getting homes back on market

2009-01-09 13:15:00

The problem of abandoned and boarded-up houses might be here to stay for the next several years. For one thing, it's not easy figuring which houses are vacant because not all unoccupied properties are foreclosures and bank repossessions. Some absentee...

Nobody's home

2009-01-09 14:08:00

A street-facing window has been smashed, torso-sized holes punched in walls and part of the ceiling ripped out after pipes burst one winter, creating a river of ice down the driveway and a moldy basement. Neighbors park their cars in the home's...

NJ governor signs $40 million measure to aid homeowners facing mortgage foreclosure

2009-01-09 15:03:00

TRENTON, N.J. (AP) — Gov. Jon S. Corzine signed legislation Friday that provides $40 million for two programs aimed at keeping financially distressed homeowners from losing their homes to foreclosure. The bills are part of a package of...

KB Home reports eighth straight quarterly loss

2009-01-09 11:07:00

KB Home, California's largest home builder, announced its eighth straight quarterly loss Friday, and company officials said they expect home prices to continue to fall in 2009. KB Home lost $307.3 million, or $3.96 per share, in the fourth quarter of...

Senate leaders, Citigroup reach deal on altering loans

2009-01-09 00:00:00

Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan to president-elect Barack...

NJ gov signs anti-foreclosure measure

2009-01-09 00:00:00

Gov. Jon S. Corzine signed legislation Friday that provides $40 million for two programs aimed at keeping financially distressed homeowners from losing their homes to foreclosure. The bills are part of a package of legislation proposed by Corzine in...

Business Briefing: Jan. 9, 2008

2009-01-09 00:00:00

CITIGROUP AGREES TO LET JUDGES ALTER HOME LOANS | Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers...

This Delamere Street home, in Hempstead, is among homes in foreclosure on Long Island.

2008-12-19 13:53:42

View of the family room. Homes in foreclosure. Several foreclosed properties for stories on foreclosure. Some in poor condition. Wagon Wheel Lane, Dix Hills.

2008-12-19 00:00:00

View of the kitchen. Homes in foreclosure. Several foreclosed properties for stories on foreclosure. Some in poor condition. On Wagon Wheel Lane, Dix Hills.

2008-12-19 00:00:00