foreclosure

Fewer U.S. homes are ending up repossessed by banks because investors are increasingly buying up properties when they go on sale at public auction.

New data show that the number of U.S. homes set on the path to foreclosure slid to a seven-year low in the third quarter.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac says the rate on the 30-year loan dropped to 3...

New York’s largest foreclosure law firm, Steven J. Baum, whose clients include Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, is under fire after photos from the company’s 2010 Halloween party were released to the New York Times by a former employee.