Forclosure Crisis
Forclosure Crisis
  • 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
  • Minnesota is one of 10 mortgage fraud 'hotspots'
    Federal officials say Minnesota is among 10 mortgage fraud hotspots they're investigating around the nation. More than 400 real estate industry players, nationwide, have been indicted since March in a Justice Department crackdown on incidents of mortgage fraud, that stem from the country's housing crisis.June 19, 2008
  • In a buyer's market, who buys?
    Recent numbers suggest the wave of foreclosures in Minneapolis may be close to peaking. But left in its wake is a surplus of empty and inexpensive homes. The question is, who will buy these homes?May 13, 2008
  • Mortgage meltdown under a microscope
    Midday examines the mortgage crisis with Cheryl Peterson, manager of the Foreclosure Prevention Program at Twin Cities Habitat for Humanity, and tells the step-by-step story of one woman's financial fall.Midday, May 8, 2008
  • Minnesota foreclosure bill faces veto threat
    Instead of trying to halt foreclosures outright, the measure would let people delay foreclosure but only if they keep paying at least 65% of their monthly mortgage payment.May 8, 2008
  • Preliminary approval of foreclosure relief bill
    The Minnesota Senate has given preliminary approval to a bill that tries to help some homeowners avoid mortgage foreclosure. Eligible homeowners could defer a pending foreclosure for up to a year if they use foreclosure counseling services and agree to make minimum monthly payments.May 6, 2008
  • From 35th Street to Wall Street: Anatomy of a foreclosure
    Tomorrow, a Minneapolis woman is scheduled to lose her home. Faith Burns has been told to be out of her house. The bank says she's fallen behind on her monthly mortgage payments and is foreclosing on her. We traced the path of Faith Burns' mortgage to Wall Street.May 5, 2008
  • A postmortem on a vacant home
    Vincent Peterson knew the house he purchased in St. Paul's Dayton's Bluff neighborhood was a fixer-upper. He says what he didn't know was that he wouldn't be allowed to live in it.May 5, 2008
  • Minneapolis foreclosures - has the peak passed?
    Foreclosures in Hennepin County are up significantly over this time last year, however, there are some indications the numbers in North Minneapolis -- the epicenter of the foreclosure crisis -- have bottomed out.May 2, 2008
  • Twin Cities home prices drop by 10 percent
    Home prices in the Twin Cities dipped at a double digit rate in January, according to one of the leading measures of U.S. home prices. It's the latest sign of gloom in the housing market, but some are heralding the price drops.March 25, 2008

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