New figures out this week show that foreclosure filings are up 32 percent from a year ago. Our Planet Money team found that some people in the mortgage industry are saying something remarkable: as many as half of these foreclosures don't need to happen.
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Foreclosures Drag Down Home Sale Prices
The U.S. housing market is stuck in a bad spot. Home sales tumbled again in February, and median home prices fell to their lowest level since 2002. A glut of forecloses in the market is...
TARP Watchdog Says Foreclosure Plan Is Failing
U.S. foreclosures matched their highest level on record at the end of 2010. That's frustrating to one of the nation's financial watchdogs. Neil Barofsky is the special inspector general for...
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After a bank employee's scam undermined her mortgage, homeowner Rachel Keyser thought she might get some help. Instead, her bank has repeatedly tried to foreclose on her house.» E-Mail...
Economists Divided Over Remedy For Foreclosures
About 25 percent of households with a mortgage owe more than their house is worth. To prevent further foreclosures, some economists want the government to take bolder action and automatically...
Advocates Charge Foreclosure Process Is Still Broken
The nation's fourth largest home lender, GMAC Mortgage, stopped thousands of foreclosures across 23 states this week. GMAC Mortgage is owned by Ally Financial. Critics say the company has...
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