Foreclosure

Feds fudged on mortgage bailout failure numbers

Feds fudged on mortgage bailout failure numbers

The Obama administration on Friday acknowledged it had underestimated the number of homeowners who fell seriously behind on their mortgage payments even after getting government help. Treasury officials blamed the error on mortgage finance giant Fannie Mae, which acts as the program administrator for President Barack Obama’s $50 billion Home Affordable Modification Program (HAMP). The […]

More money woes for Marco Rubio

More money woes for Marco Rubio

Republican Marco Rubio wants to be a Senator from Florida where he can — among other things — tackle the nation’s economic problems. Turns out Rubio has trouble taking care of his own finances. A home Rubio co-owns with a Florida congressional candidate is in foreclosure after the co-owners missed five mortgage payments. Rubio bought […]

Foreclosures down but millions will still lose homes

Foreclosures down but millions will still lose homes

Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding. The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac Inc. said Thursday. But the data aren’t all […]