Items Tagged with 'foreclosure practices'

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  • Foreclosure Settlement Could Be on the Horizon

    A key aspect to initializing recovery in the housing market will be the resolution of the "shadow inventory" of homes in foreclosure or heading to foreclosure that could drain on the market for some time.  HUD Secretary Shaun Donovan stated in an article to the Los Angeles Times that a settlement with major banks could come within a matter of weeks.   The nation's largest banks has offered a proposal last month to pay up to $5 billion to settle claims by federal and state agencies related to improper mortgage-servicing practices. However, Donovan stated that this amount, a counter
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