By Alex Veiga AP Real Estate Writer Los Angeles — The foreclosure crisis intensified across most large U.S. metropolitan areas this summer, with Chicago and Seattle — cities outside of the states that have shouldered the worst of the housing ...

Tagged with: Bank of America foreclosures GMAC Mortgage RealtyTrac

By ?JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people’s homes, Federal Reserve Chairman Ben Bernanke said Monday. Preliminary results ...

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By Ben Mook Dolan Newswires As prosecutors and class-action attorneys grapple with the extent to which “robo-signed” affidavits were filed in foreclosure cases across the country, the nation’s judiciary will have to decide whether to handle them merely as instances ...

Tagged with: Bank of America foreclosures GMAC Mortgage

By Ben Mook Dolan Media Newswires Pressure on banks and processing firms to suspend foreclosures over concerns of paperwork errors continues to mount as a group of as many as 40 state attorneys general plans to announce a multijurisdictional investigation ...

Tagged with: Bank of America foreclosures GMAC Mortgage JPMorgan Chase Van Hollen

By Joe Lanane Some Wisconsin homebuilders and developers support the recent suspension of some foreclosures, but a board member of the American Bankruptcy Institute says the move will only delay the arrival of the foreclosed properties on the market. Facing ...

Tagged with: Deschane foreclosure GMAC Mortgage Greater Milwaukee Association of Realtors housing market University of Wisconsin-Milwaukee UWM WBA Wisconsin Builders Association