foreclosure

The federal government on Wednesday ordered 16 mortgage lenders and servicers, including four of the nation's largest banks, to reimburse homeowners who were incorrectly foreclosed upon.

Two companies and a trio of related mortgage relief scammers have been fined more than $2 million by the Federal Trade Commission for swindling homeowners facing foreclosure. Under a settlement with the FTC, David Botton, his sister April Botton Krawiecki, their father Samy Botton, Kirkland Young...

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.

Bank of America is reportedly offering legislators a special hot line with the bank, to help with homeowner's mortgage modification. But no one else can have access to the number, not even the people who most need it.

The number of default notices, scheduled home auctions and repossessions declined significantly in February as banks begin to take a more measured approach to foreclosures amid government probes. But the lower numbers are likely only temporary.

Debt forgiveness – getting a company to write off a debt or let you pay less than you owed on a loan – might seem like a great thing at the time you do it. What cash-strapped consumer knee-deep in credit card debt wouldn't enjoy the financial relief of settling their debts for perhaps...

Recent movements in Congress to deactivate some of the federal foreclosure-prevention programs are getting a lot of press, despite the fact that these programs are probably safe for the time being. What gets much less publicity are the billions of dollars that are still available to help distressed...

All across Florida, courts are starting to clear their overwhelmed dockets by dismissing foreclosure cases the banks have failed to prosecute. In one division of one of Florida's 20 judicial districts, perhaps as many as 2,700 cases have been set for dismissal in one week.

HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks' annual reports shed some light on their attitudes toward the mortgage mess.

Nearly 1,500 consumers ripped off by a mortgage loan modification and foreclosure rescue scam will be receiving refund checks from the Federal Trade Commission. The ringleader of the scam, Bryan D'Antonio, has run afoul of the FTC more than once since 1999 for defrauding consumers and violating...