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HOUSTON -- Local 2 Investigates the federal bailout that's supposed to help homeowners facing foreclosure. Right now, one in eight mortgages is delinquent or in foreclosure. That's about 7 million homes nationwide. Full Article at Click2Houston.com
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Lenders have been very inefficient with handling paperwork. Borrowers report that lenders ask for paperwork repeatedly, with lost or missing papers being the reason for modification confusion, and subsequent modification denials. Full Article at Huliq.com
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Successfully modifying loans has proved elusive at times because of multiple factors, including under-trained negotiators, lost paperwork and foreclosure proceedings inadvertently begun before trial loan modifications are complete, panelists at a... Full Article at Los Angeles Times
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NEW YORK, Oct. 9 (UPI) -- U.S. markets headed higher Friday after the government said the trade deficit shrank by $1.2 billion in August. The $30.7 billion deficit beat expectations. Economists had forecast a deficit of $32.7 billion. Full Article at United Press International
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The Federal Housing Administration, which guarantees mortgages for millions of homeowners, may need a bailout from taxpayers, experts said. Full Article at NBC - Dallas Fort Worth
