Foreclosure Fiasco
10:11am: Financial institutions are being accused of ignoring the upkeep of the properties they own in the wake of the foreclosure crisis. More
Jul 12: The number of homes in foreclosure showed few signs of slowing during the first half of the year, with a sharp increase in new filings occurring during the second quarter, according to RealtyTrac. More
Jul 10: Outdated state laws that allow local governments to sell tax liens on delinquent properties to investors in order to collect on overdue property taxes is sparking a second "foreclosure crisis," a report from the National Consumer Law Center said Tuesday. More
Jul 2: Six whistleblowers won more than $46 million as a result of the national foreclosure settlement. More
Jun 22: Reducing struggling homeowners' mortgage debt is proving to be a more effective way to prevent foreclosures than other methods, such as reducing interest rates or postponing payments, a new report finds. More
Jun 21: Homeowners who were victims of foreclosure abuse in 2009 and 2010 could receive up to $125,000 from lenders as part of an Independent Foreclosure Review that is being overseen by two government agencies. More
Jun 14: With the industry's settlement over 'robo-signing' behind it, banks are no longer hesitant to issue foreclosure filings. More
May 31: Homes in some stage of foreclosure accounted for more than one in four homes sales during the first three months of the year, according to RealtyTrac. More
May 24: Despite rising home prices, close to 16 million homeowners were underwater on their mortgage during the first quarter, according to Zillow. More
May 17: Foreclosures fell significantly in April, with substantial declines in bank repossessions. More
Apr 26: Filings are spiking in areas where judges had held up foreclosures because of robo-signing allegations, according to RealtyTrac. More
Apr 24: The Vallejos came within a whisker of losing their home in a foreclosure auction. But as a result of the $26 billion foreclosure settlement, they were given a last-minute reprieve. More
Apr 9: The $26 billion foreclosure settlement has been given the green light, making it possible for roughly two million struggling borrowers to see a significant reduction in their mortgage payments. More
Apr 6: A federal judge approved the $26 billion settlement deal reached between the nation's five largest mortgage lenders and the attorneys general over abuses in foreclosure processing. More
Mar 15: Banks have sped up their foreclosure processes and more homes will be repossessed in the future. More
Mar 13: The $26 billion foreclosure settlement is looking more and more like a hit-or-miss game that leaves millions of homeowners out in the cold, especially those with mortgages held by Fannie or Freddie. More
Mar 9: As part of the $26 billion foreclosure settlement, Bank of America will slash mortgage balances for about 200,000 borrowers by an average of $100,000 or more. More
Mar 2: Like millions of Americans, Joanne and John Buchanan are facing foreclosure. But unlike most families in their situation, the couple is losing a home valued at more than $2 million. More
Mar 1: Homes in some stage of foreclosure accounted for 24% of all home sales during the fourth quarter, down only slightly from the year before, according to RealtyTrac. More
Feb 29: Fannie Mae will offer up nearly 2,500 distressed properties to investors who are willing to buy them in bulk and rent them out. More
Feb 24: Commentary: Shaun Donovan, the Secretary of the U.S. Department of Housing and Urban Development, defends the recent $25 billion foreclosure settlement. More
Feb 23: Five years after the housing bubble burst, America's wealthiest families are now losing their homes to foreclosure at a much faster rate than the rest of the country -- and many of them are doing so voluntarily. More
Feb 20: Millions of borrowers who suffered financial losses from foreclosure abuse now have two ways of getting compensated. More
Feb 16: Foreclosures picked up in January, yet another sign that the nation's huge glut of delinquent homes may soon start making their way onto the market, according to RealtyTrac. More
Feb 9: The nation's largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008. More
Feb 9: $26 billion mortgage settlement between regulators, banks and state attorneys general could help homeowners underwater on mortgage. More
Feb 6: Regulators, banks and states attorneys general are hoping to wrap up a possible mortgage settlement deal to help homeowners this week. More
Feb 3: Regulators, banks and states attorneys general are hoping to wrap up a possible mortgage settlement deal to help homeowners by next week. More
Jan 26: Sales of foreclosed homes comprised 20% of U.S. residential sales during the third quarter, according to RealtyTrac. That's a significant decline from the same period in 2010, but it's still a far cry from levels seen during healthier housing markets. More
Jan 23: Neighborhoods boasting modern homes, cul-de-sacs and tree-lined streets in and around Western cities now dominate the list of the top 100 U.S. zip codes hit hardest by foreclosures, according to RealtyTrac. More
Dec 7: The administration says JPMorgan and other banks need to do more to help struggling homeowners. More
Dec 1: The Massachusetts attorney general's foreclosure lawsuit targets firms including Bank of America, Citi and JPMorgan Chase. More
Nov 17: Two employees of a mortgage servicing firm are accused of falsifying thousands of documents that led to wrongful foreclosures. More
May 19: New mortgage delinquency problems are in decline, according to an industry report, prompting optimism among bankers. More
Mar 29: The GOP-controlled House voted to kill HAMP, the Obama administration's signature program intended to keep homeowners in their homes. The program has been criticized from both sides of the aisle. More
Mar 28: An agreement to resolve wrongful foreclosure allegations could be delayed, since both sides in the matter meet for the first time this week. More
Mar 10: Banks repossessions have fallen more than a third from peak set last September. More
Feb 24: Foreclosures and short sales are pressuring prices down but luring bargain hunters to the housing market. More
Feb 17: Mortgage bankers says borrowers with at least one payment past due down to the lowest level since 2008. More
Feb 10: Foreclosure filings plunged in January, but don't shake those pom-poms yet. It's strictly a fake out. More
Feb 9: The foreclosure crisis is about to heat up again as more homeowners fall underwater on loans. More
Feb 1: The typical borrower getting a mortgage modification through Obama's HAMP program is lower-middle income and suffering from a job loss. More
Jan 27: Las Vegas is still the foreclosure king and the other Sand-State cities are still the hardest hit but the plague is spreading to other metro areas. More
Jan 25: November home prices fell again, which could mean we're headed for a double dip. More
Jan 13: The banks postponed a great many foreclosures to make sure their papers were in order. More
Jan 7: The Massachusetts Supreme Court on Friday voided two foreclosures because the banks could not prove that they held the mortgages. More
Jan 7: Home prices in many cities will take decades to recover. More
Dec 28: Prices drop in all 20 key cities in the S&P/Case-Shiller index, a sign that a double dip in housing is coming -- or has already arrived. More
Dec 16: Fewer Americans lost their homes in November. But it's likely just a pause, sparked by banks freezing foreclosures in the wake of the recent robo-signing controversy. More
Dec 14: The Treasury's loan modification program has bitterly disappointed. More
Dec 10: BofA says it has re-examined its foreclosure process after a series of embarrassing blunders. More
Dec 7: The foreclosure crisis has hit lower-income communities the hardest, but resolving it may well be harder in places like Ladera Ranch, Calif., where homes are too expensive to attract investors with ready cash. More
Dec 3: Some major mortgage industry players plan to halt evictions during the two weeks surrounding Christmas. More
Dec 2: Homes in foreclosure sold for 32% less than homes not in foreclosure during the third quarter. Biggest discounts could be found in Ohio. More
Nov 29: The already shaky real estate market is now dealing the issues created by the robo-signing scandal. More
Nov 24: October was a dismal month for home builders with the annualized pace of sales dipping below 300,000. More
Nov 23: Annual rate of sales slips 2.2% in October to 4.43 million. More
Nov 22: The number of homes seriously delinquent or repossessed by not being resold has gone up. More
Nov 18: Fewer mortgage borrowers were behind on payments over the summer but more lost their homes. More
Nov 16: Attorney general probe looking into halting foreclosure process while homeowners are applying for loan modification. Resolution is months away. More
Nov 11: October bank repossessions turned around as many lenders froze foreclosure actions. More
Nov 4: An investigation by state attorneys general will continue, despite the loss of influential Ohio Attorney General Richard Cordray. More
Nov 2: Nearly 3 million fewer Americans now own homes compared to the peak five years ago, a Census Bureau report finds. More
Nov 2: Officials now say that foreclosures must proceed in order for the housing market to stabilize. More
Nov 1: It's hard to be optimistic for housing in light of weak sales, sluggish employment, falling prices and robo-signing. More
Oct 29: On Election Day, you can vote at the polls -- even if you're going through foreclosure. But be sure to update your permanent address. More
Oct 28: Tam Doan signed thousands of documents that sent Bank of America borrowers to foreclosure. He often didn't check the facts and sometime didn't even know what he was signing. More
Oct 27: The loan servicer is submitting supplemental affidavits in 55,000 cases pending before courts in 23 states. The process should be done by mid-November. More
Oct 25: Fed Reserve Chairman says investigation is examining questionable foreclosure practices by Wall Street firms. More
Oct 22: Some big investors are asking banks to take back billions of dollars in loans, but it'll be a fight. More
Oct 22: Banks may be restarting the foreclosure process, but it doesn't mean their documents headache is over. More
Oct 20: Housing Secretary maintains Obama administration's opposition to a moratorium. More
Oct 18: Despite paperwork problems, most delinquent borrowers won't be able keep their homes if they can't afford their monthly payments. But they might get loan modifications. More
Oct 8: cuts through the confusion surrounding banks halting foreclosure sales and proceedings More
Foreclosures have become a complicated mess for homeowners nationwide. Can you cut through the confusion? Take the CNNMoney foreclosure quiz. More

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