foreclosed homes

Guess What Wall Street's Doing With Foreclosed Homes?

Despite the new housing construction boom, there are still lots of empty foreclosures out there, which banks have been trying to rent. But now, Wall Street wants to bundle those rental properties into securities and sell them to investors. Does this sound disturbingly familiar?

Did Capital One Target Deployed Soldiers for Foreclosure?

Legally, banks are forbidden to foreclose on the homes of our nation's deployed servicemembers, and they're supposed to cut them a break on credit card interest, too. Seems Capital One has been breaking those rules -- but it may not be a scandal.

Homes for Rent, $208 a Month: A Plan to Save Fannie Big Money

Fannie Mae and Freddie Mac now own some 200,000 foreclosed-upon homes, and they're spending $500 million a year on upkeep. That's a lot of lawn mowing. If only there were a cheaper way to get it done -- a way that benefited Americans. Here's an idea ...

New Business for Big Banks: Slumlording

The nation's biggest bailed-out banks have unintentionally entered a new line of work: slumlording. In some cases, major banks have created whole neighborhoods of abandoned and deteriorating foreclosure properties -- and a blight on local municipalities.

Foreclosure Prices Dip Again: A State-By-State Look

Bargain hunters looking to snap up foreclosed homes found prices dipped again in the first quarter, with Ohio and Illinois offering the steepest discounts, according to figures released this week. But if you're getting ready to you whip out your checkbook, you may want to wait a bit longer.

Fewer Americans Struggling to Pay Mortgage

Fewer Americans are having trouble paying their mortgages now compared to a year ago, according to a new survey. The bad news? Fewer Americans have mortgages. Some of those who were struggling last year have since sold or foreclosed.