Today the Federal Trade Commission, Consumer Financial Protection Bureau and 15 states announced a slew of lawsuits against companies and individuals for allegedly misleading homeowners and illegally charging them for foreclosure relief that never came. The lawsuits are result of “Operation Mortgage Mismodification,” a joint investigation effort that revealed scams that cost consumers millions of... Read More

At the start of the foreclosure crisis, struggling consumers got into the trend of trashing their houses. People poured paint on the carpet, let their animals defecate indoors and punched holes in the walls as a sort of retaliation for the banks taking their homes away. In Fort Worth, Texas, a recently evicted business left... Read More

The suicide rate among middle-aged Americans increased significantly from 2005 to 2010, and a new study published in the American Journal of Public Health associates that spike with the recent foreclosure crisis. There has been a lot of research on the relationship between suicide rates and economic ups and downs, but the focus on foreclosure... Read More

There was a time when having more than 1 million U.S. homes in foreclosure was the norm. It wasn’t that long ago, actually — the foreclosure inventory only dropped below the million mark in June 2013 — but as of January 2014, just 794,000 homes were in some state of foreclosure. That’s a 33% decline... Read More

In the past year, the national foreclosure rate declined each month by at least 20% from where it had been the year before, according to the CoreLogic Market National Foreclosure Report from December. Additionally, the 12-month sum of completed foreclosures hit its lowest level since 2007. The progress is encouraging — about 837,000 homes in... Read More