Posts Tagged ‘Foreclosure’

Foreclosures are quarter of U.S. home sales

About 26 percent of home sales in the United States during the first quarter of the year involved a home in some stage of foreclosure, according to a report released Thursday. That was a 22 percent increase in the sale of distressed properties from the previous quarter and up by 25 percent from the same […]

U.S. home prices in broad-based decline

U.S. home prices fell in 19 of 20 major cities in October, suggesting that the foreclosure crisis is still overhanging the country’s sputtering housing recovery. View full post on Canada Business Stories

Faulty Foreclosure Paperwork Mess Might Cost Banks Billions

The foreclosure mortgage mess might cost banks billions of dollars. Concern over the cost has caused nervous investors to unload bank stock, sending the prices of those stocks in a downward spiral. View full post on Banking Stories

Stocks Tumble Over Foreclosure Probe, Hike In Initial Jobless Claims

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – A nationwide investigation of banks’ foreclosure processes and the rise of initial jobless claims to 462,000 in the latest week rattled investors and sent U.S. stocks falling on Thursday. The Dow Jones Industrial Average lost 34 points or 0.3 percent to […]