played an important role in preventing foreclosures during the Great Recession,” says ..... avert $70 billion in social costs from foreclosures , including depreciation in the foreclosed properties’ structural ..... the long term, that serves to reduce foreclosures among unemployed homeowners. “These effects are sizable
Whitestone REIT ( WSR +0.9% ) purchased the 118K square foot Fountain Square - located in northern Phoenix - out of foreclosure in 2012 for $130 per square foot. It has since redeveloped and repositioned the Safeway "shadow anchored" property
WASHINGTON, Aug 14 (Reuters) - Foreclosure activity across the United States jumped in July for the first time in four months as lenders scheduled more properties for auction, an industry report said on Thursday.
reached their lowest 4-week moving average since 2006, a gauge of U.S. services reached its highest since 2005, and foreclosures reached an 8-year low. U.S. headlines focused a lot of attention on merger deals falling apart, such as the potential
and the Department of Justice are close to agreeing on a deal that will resolve the bank's alleged misconduct in the foreclosure fiasco that affected the entire nation. According to the landmark deal, Bank of America will pay up to $17,000,000
(Adds background on settlements, comment from SunTrust spokesman, byline)
southeast regional bank, on Wednesday said it is cooperating with the office of U.S. Attorney Preet Bharara in New York in a broader-based industry investigation regarding claims for foreclosure -related expenses charged by law firms.
Aug 6 (Reuters) - SunTrust Banks Inc : * Says has been cooperating with federal prosecutors in broader-based industry
term average of 0.60%. In our opinion, the worst of Fifth Third's loan losses and foreclosure -related expenses are behind it. As foreclosure costs track lower, we think the firm's expenses will decrease and its efficiency ratio
WASHINGTON (Reuters) - Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop through the first half of next year, an industry group said on Thursday.