Forclosure Crisis
Forclosure Crisis
  • Minn. AG sues more foreclosure consultants
    The Minnesota attorney general has filed lawsuits against two more foreclosure consulting companies which allegedly charged struggling homeowners big upfront fees, then failed to deliver on promises to save their homes.January 29, 2009
  • Are laws protecting tenants in foreclosure working?
    Thousands of renters in Minnesota are living in foreclosed properties, and the state has already tried to ease the burden on them by passing a set of laws designed to protect renters' rights. And so far, it seems to be working.December 17, 2008
  • Home sales could be sign of economic turnaround
    Low home prices and mortgage rates have some people - who have been holding out for the market to hit bottom - ready to buy. Experts say that's just what the economy needs to start turning around.December 10, 2008
  • Preventing foreclosure, one door at a time
    The battle to prevent more foreclosures in north Minneapolis has just become a ground war. All this week, a group of volunteers will go door to door, trying to prevent foreclosures.December 2, 2008
  • Minn. AG wants mandatory mediation in foreclosures
    Attorney General Lori Swanson is proposing legislation that would require lenders to negotiate with homeowners before foreclosing on properties.November 20, 2008
  • Reviving the housing market
    Housing and Urban Development Secretary Steve Preston updates government efforts to revive the housing market in a National Press Club luncheon address.Midday, November 19, 2008
  • Foreclosure auction in Minneapolis this weekend
    A two-day auction on foreclosed homes comes to the Minneapolis Convention Center this weekend.November 14, 2008
  • Federal government launches new loan aid effort
    The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.November 11, 2008
  • Lenders now working to help homeowners avoid foreclosure
    There are signs it could be getting easier for homeowners facing foreclosure to hang on to their homes. That's because lenders are more willing now to modify the terms of their loans.October 13, 2008
  • Bank of America settles suits over bad mortgages
    Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homeOctober 6, 2008
  • Wall Street bailout may bring little relief to homeowners
    The $700 billion federal bailout of the financial industry may not help Faith Burns, or other homeowners, renegotiate their loans. Consumer advocates say a bailout for Wall Street should include provisions to help homeowners keep making payments and stabilize communities.September 24, 2008
  • News Cut: From the ashes in Minneapolis
    As the foreclosure crisis has ripped home ownership from hundreds of people, non-profit groups are helping people, who couldn't afford a home before, buy a home for their family.August 9, 2008
  • Homeowner rescue awaits President Bush's signature
    Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy.July 26, 2008
  • U.S. Bank reports slump in earnings
    U.S. Bank, one of Minnesota's largest banks, today reported its second quarter earnings slumped nearly 20 percent to $950 million.July 15, 2008
  • Mortgage fraud misery likely to endure
    Federal officials say they're finding more mortgage fraud in Minnesota than in many other places in the country, but that may be small consolation for victims.June 20, 2008

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