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Federal judge: Texas law governs Utah foreclosures - Salt Lake Tribune
By Tom Harvey The Salt Lake Tribune
Published Feb 10, 2012 12:18PM MDT
A federal judge has ruled that Texas laws and not those of Utah govern foreclosures by a unit of Bank of America. In doing so, U.S. District Judge Ted Stewart has dismissed a proposed class action lawsuit against the bank and its foreclosure arm, ReconTrust, as well as an attorney who performs the foreclosures In Utah for the bank. The lawsuit was based on a Utah law that says only Utah attorneys and title companies with offices in the state can act as a trustee and foreclosure on property. But ... ...
Utah to get $171M in huge foreclosure deal - Salt Lake Tribune
By Tom Harvey The Salt Lake Tribune
Published Feb 9, 2012 09:41PM MDT
Utah is receiving an estimated $171 million in money, reductions in mortgage principals and loan modifications as its portion of a sweeping $25 billion deal struck by 49 states and the federal government with five of the largest U.S. banks. Many Utah homeowners who lost their homes to foreclosure over the past four years will get about $2,000 apiece in compensation. Those who are being foreclosed on or whose loan is for more than their home is worth (known as being underwater) could receive red... ...
Attorney general's pressure on banks paying off - SFGate: Op-Ed
Attorney general's pressure on banks paying off
Mortgage settlement is too little, too late for many - Chicago Tribune: Nation
Mortgage settlement is too little, too late for many
Mortgage settlement is too little, too late for many - LA Times: Business
Some who suffered foreclosures say the payouts are a pittance, and many homeowners in trouble won't qualify for help.<br/><br/>The massive mortgage settlement may be setting new national standards for loan servicing, but it may be too little and too late to help troubled homeowners.
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Utah oil-gas firm may lose leases over unpaid debt - Salt Lake Tribune
By paul beebe The Salt Lake Tribune
Published Feb 9, 2012 03:39PM MDT
A British company has started foreclosure proceedings against the assets of Richfield Oil and Gas Co. for failing to repay a loan that was overdue by one day. Nostra Terra Oil and Gas CEO Matt Lofgren on Thursday refused to explain why his company moved so soon against Salt Lake City-based Richfield, saying only that ?not much? was disclosed by Nostra Terra about the foreclosure it initiated Feb. 1. Douglas Hewitt, Richfield?s CEO, said his oil and gas exploration company does not understand why... ...
Birthplace Of 'Robo-Signing' Eyes Deal Critically - NPR News
On Thursday, the federal government reached a $26 billion deal with the nation's largest banks to compensate homeowners. In Florida, where a lawyer uncovered and named the rushed mortgage-approval process, some lawyers and homeowners say technical issues and trust battles remain for courts and the banks.
Utah to get $25M from foreclosure-abuse deal - Salt Lake Tribune
Staff and news services
Published Feb 9, 2012 10:02AM MDT
All but one of the states have reached a $25 billion deal with the nation?s biggest mortgage lenders over foreclosure abuses, and Utah?s share will be as much as $25 million. Although Utah Attorney General Mark Shurtleff said earlier Thursday Utah?s share would be $100 million, his staff is now indicating the figure will be closer to $25 million. Shurtleff described the settlement as ?a new day for those in Utah who were victimized by big banks? shoddy practices.? Federal and state officials joi... ...
Rental costs soar in RI during foreclosure crisis - Boston Globe: Rhode Island
Rental costs soar in RI during foreclosure crisis
Soup kitchen planned for RI Statehouse - Boston Globe: Rhode Island
Soup kitchen planned for RI Statehouse
Rosenblum: Hey, Peter Max lovers: Did you paint this car? - Star Tribune: Local
Soup kitchen planned for RI Statehouse
Deal to settle foreclosure abuses moves closer - Salt Lake Tribune
The Associated Press
Published Feb 7, 2012 05:15PM MDT
Washington ? Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can?t afford their mortgages. The three states? involvement buoys hopes that a full 50-state deal is imminent. Formal announcements from Arizona and Florida could come within a week, ac... ...
Volunteers/Donations Needed 2/7 - Denver Post: News: Local
Volunteers/Donations Needed 2/7
Advocates to hold RI Statehouse soup kitchen - Boston Globe: Rhode Island
Advocates to hold RI Statehouse soup kitchen
Big foreclosure servicer indicted for 'robo-signing' - MSNBC
In one of the first criminal prosecutions in the post-housing bust era, DocX has been indicted on forgery charges by a Missouri grand jury, The New York Times reports.<br clear="both" style="clear: both;"/>
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Barack Obama: Solving the housing crisis - Salt Lake Tribune
By barack obama
Published Feb 7, 2012 01:01AM MDT
In my State of the Union address, I laid out a blueprint for an economy that?s built to last ? an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values of fairness and responsibility. Over the past decade we strayed from those values and we saw what happened. Millions of families who did the right thing were hurt when the massive housing bubble burst. Folks who shopped for a home they could afford, secured a mortgage and made the... ...
Pinole good Samaritan faces foreclosure - San Jose Mercury News: News
Former East Bay Municipal Utility District plumber severely injured while stopping to help stricken man on freeway; faces mounting debts.
DocX Faces Foreclosure Fraud Charges in Missouri - International Herald Tribune: Business
The charges against DocX, which provided home foreclosure services to lenders across the nation, are one of the few criminal actions to follow reports of widespread improprieties against homeowners.
Key states move closer to foreclosure-abuse deal - Salt Lake Tribune
By DEREK KRAVITZ The Associated Press
Published Feb 6, 2012 06:41PM MDT
Washington ? California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal with most other states that would force the five largest mortgage lenders to reduce loans for about 1 million households. But those states, along with a handful of others, had not joined the settlement by a Monday deadline set by the nation?s state attorneys general. And a deal might not be finalized for days. California still has ?significant sticki... ...
Mortgage relief: Partial plan better than none - Yahoo! News Search Results for mortgage
The architects of the joint state-federal mortgage releief plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources.
Occupy Bernal, Petaluma zero in on foreclosures - SFGate: Business & Technology
Occupy Bernal, Petaluma zero in on foreclosures
OccupyMN Fences Off A Foreclosure-Free Zone In S. Mpls - WCCO: National
<img width="150" height="112" src="http://cbsminnesota.files.wordpress.com/2012/02/occupymn.jpg?w=150" class="attachment-thumbnail wp-post-image" alt="(credit: CBS)" title="Occupy Minnesota S. Mpls Home" />The group Occupy Minnesota stepped up their efforts Saturday to prevent foreclosures. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=minnesota.cbslocal.com&blog=15909630&post=211019&subd=cbsminnesota&ref=&feed=1" width="1" height="1" />
GOP candidates shy away from Nevada housing crisis - SFGate: Top Stories
GOP candidates shy away from Nevada housing crisis
Thousands of condo owners stuck in condos they can?t sell - Salt Lake Tribune
By LESLEY MITCHELL The Salt Lake Tribune
Published Feb 3, 2012 04:46PM MDT
Pete Farley?s condominium is tidy, updated, clean and in a good neighborhood. And with a listing price of just under $175,000, it is affordable to most buyers. All of those things should make it an easy sell in today?s real estate market. Instead, the condo unit is largely unsellable. The problem is that Farley?s condo community lacks certification from the U.S. Federal Housing Administration. And without that seal of approval, buyers with FHA-insured loans ? and some with other types of loans ... ...
Obama seeks to broaden reach of housing assistance - Salt Lake Tribune
By JIM KUHNHENN and BEN FELLER The Associated Press
Published Feb 1, 2012 05:59PM MDT
Falls Church, Va. ? Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages. The president?s proposal is laden with election-year politics and faces a difficult path in Congress. Obama wants to pay for the estimated $5 billion to $10 billion cost with a ... ...
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