foreclosure

Bank of America shares are down 1.74%, or $0.25, to $14.13.

Bank of America (BAC) shares are down after The New York Times reported that a hacker organization released a series of e-mails from a former employee at the bank that showed how a division of the bank tried to hide information on

A total of 225,101 properties were served notices of default, auction or repossession, down 14% when compared with the prior month and 27% from February 2010, representing the largest year-over-year decline ever recorded and the l

However, according to RealtyTrac CEO James Saccacio, he believes the market improvement has been exaggerated due to the ongoing 5-month probe into faulty documents and procedures.

He said, "Allegations of i

The number of foreclosure filings fell in February to the lowest level in three years, according to a RealtyTrac report.

Approximately 11.1 million homes, or 23.1% of all mortgaged homes, were underwater in the fourth quarter of 2010.

The number of Americans who still owe mortgages worth more than their homes rose at the end of last year, according to a CoreLogic report released on Tuesday.

Good Morning. It's Monday, February 28, 2011. At this hour, U.S. equity futures are mixed. Overseas, the Asian markets were mixed, while the European markets are also mixed.

The average rate rose to 5.05% from 4.81% last week, according to Freddie Mac, which tracks the market. The rate bottomed out at 4.17% in November.

The 15-year home loan rate rose to 4.29% from 4.08%, well off its low of 3.57% also in November. Five-year adjustable-rate mortgages rose to an average of 3.92% compared with 3.25% last month.

The average cost of a 30-year fixed mortgage moved above 5% this week for the first time since April, raising concerns that interest rates, although still low, have crossed a psychological barrier that may hamper sales in the weak

This case will guide lower courts in that state and may influence others in clashes between bank practices and state real estate law.

WFC was last down 3.11% and USB down 0.87%.

Bank of America (BAC) is softer after the Massachusetts State Supreme Judicial Court upheld a decision that two foreclosures from U.S. Bancorp (USB) and Wells Fargo (WFC) were invalid because the banks failed to show they held the