WDEL 1150AM

DEL HOUSING: Biden not yet ready to join foreclosure settlement
Delmarva Now
AP DOVER — Delaware would receive about $40 million in a proposed settlement between the nation's attorneys general and five banks over alleged foreclosure abuses, but Attorney General Beau Biden told state lawmakers Wednesday that he's still not …
Delaware AG Biden says he's still not ready to sign on to nationwide …The Republic

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Banks Near $25 Billion Pact on Foreclosure Probe
Wall Street Journal
By NICK TIMIRAOS, DAN FITZPATRICK and RUTH SIMON Government officials are on the verge of an agreement worth as much as $25 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by …

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WDEL 1150AM

DEL HOUSING: Biden not yet ready to join foreclosure settlement
Delmarva Daily Times
AP DOVER — Delaware would receive about $40 million in a proposed settlement between the nation's attorneys general and five banks over alleged foreclosure abuses, but Attorney General Beau Biden told state lawmakers Wednesday that he's still not …
Delaware AG Biden says he's still not ready to sign on to nationwide …The Republic

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Central Florida News 13

Foreclosure Deal Said to Offer $17 Billion in Mortgage Aid
BusinessWeek
8 (Bloomberg) — A multistate settlement with five large US banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter describing the …
Michigan, others join foreclosure abuse dealSault Ste. Marie Evening News
AG Schuette Joins 40 AGs In Foreclosure Settlement To Help Housing Crisis and …LoanSafe
Foreclosure Crisis Put on HoldTheStreet.com
Washington Post -Las Vegas Review – Journal -Royal Oak Daily Tribune
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WDEL 1150AM

Biden not yet ready to join foreclosure settlement
The Oshkosh Northwestern
(WTW) — Delaware would receive about $40 million in a proposed settlement between the nation's attorneys general and five banks over alleged foreclosure abuses, but Attorney General Beau Biden told state lawmakers Wednesday that he's still not ready …
Delaware AG Biden says he's still not ready to sign on to nationwide …The Republic

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Bloomberg

Foreclosure Deal to Offer $17B Mortgage Relief
Bloomberg
Enlarge image Foreclosure Deal Said to Offer $17 Billion Foreclosure Deal Said to Offer $17 Billion David Becker/ZUMApress.com An abandoned Desert Mesa subdivision in North Las Vegas. A multi-state settlement with five large banks over foreclosure …
Foreclosure Deal Said to Offer $17 Billion in Mortgage ReliefBusinessWeek

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States Debate Foreclosure Robo-Signing Settlement
NPR
A year ago, banks admitted to abusing the foreclosure process — using fake signatures to power through foreclosure documents — a practice known as robo-signing. Now, five major banks and more than 40 state attorneys general have agreed in principle …

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Arizona Capitol Times

Michigan, others join foreclosure abuse deal
Sault Ste. Marie Evening News
Michigan Attorney General Bill Schuette said Tuesday he will sign a multi-state settlement with five banks to resolve wrongful foreclosure charges and provide as much as $200 million to troubled homeowners. By Anonymous The Associated Press Arizona, …
AG Schuette Joins 40 AGs In Foreclosure Settlement To Help Housing Crisis and …LoanSafe
Foreclosure Crisis Put On HoldTheStreet.com
Proposed settlement with banks over foreclosure practices dealt a setbackWashington Post
Las Vegas Review – Journal -Royal Oak Daily Tribune -Arizona Capitol Times
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Bloomberg

Banks Prefer Short Sales to Foreclosures, Even if It Costs Them
MainStreet
Bloomberg News reports that banks are offering up to $35000 to late-paying homeowners to enter into a short sale and thereby avoid the foreclosure process that has held the housing market down for years. Short sales are home sales where both the bank …
Banks See Paying Bonus to Troubled Homeowners Beats Foreclosure: MortgagesBloomberg
Home Foreclosures Rise in Chicago After LullDigitalJournal.com (press release)
Banks Paying Homeowners Up To $35000 To Sell Houses, Avoid Foreclosure: ReportHuffington Post
Money Morning -The Week Magazine -BusinessWeek
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Newsday

New Jersey Has Backlog of Up to 100000 Foreclosed Properties
BusinessWeek
8 (Bloomberg) — New Jersey must work through a backlog of 50000 to 100000 unprocessed foreclosures because of delays caused by an investigation into how lenders handled the filings, said Richard Constable, acting commissioner of the state Community …
Home foreclosures decline, but completions riseCBS News
Homes in foreclosure decline by 130000CNN
CoreLogic Reports 830000 Completed Foreclosures Nationally in 2011, a Decrease …MarketWatch (press release)
Mortgage News Daily
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