FORECLOSURES

A view of a home for sale in Los Angeles

Southern Calif. Dec home sales, prices down from yr ago

Home sales in Southern California jumped in December from November helped by demand from investors but slipped from their year-earlier level as many other buyers remained on the sidelines, a DataQuick report said on Tuesday.
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A real estate sales sign sits outside of a house for sale in Phoenix, Arizona

Arizona's Foreclosure Rate Could Reach Historic Levels by 2016

The Arizona state economy is expected to grow but at a lower gear than that which the state was accustomed to during the housing-market-driven-growth days, as the economy is still recovering from the recession and the collapse of the housing market.
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So Where is Housing Headed in 2012?

An economist at Wells Fargo Securities expects homebuilding to improve modestly in 2012, with most of the gains coming from apartment construction.
occupy

Occupy Wall Street Turns to Foreclosure, Eviction Defense

As the country continues to grapple with the devastating aftermath of the housing market's collapse, acts of civil disobedience centering on foreclosures and evictions represent a powerful tactic for the Occupy Wall Street movement.
Rep. Barney Frank (D-MA) speaks at a news conference announcing that he would not seek a 17th term in congress next year in Newton

Frank Requests Hearing on Mortgage Abuses at Ally

Congressman Barney Frank on Wednesday asked his colleagues to hold a hearing on alleged mortgage abuses at Ally Financial, a day after the attorney general from his home state of Massachusetts requested that lawmakers investigate.
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Anti-Wall Street protesters target foreclosures

Anti-Wall Street protesters, seeking a new focus as cities across the country shut down two-month old Occupy encampments, launched a new wave of activism on Tuesday by rallying around homeowners as they try to resist evictions from foreclosed homes.

October Existing-Home Sales Rise Unexpectedly, But Still Weak

Sales of previously owned homes in the U.S. rose in October while the number of homes on the market continued to decline, according to the National Association of Realtors. Although falling property values and near record-low borrowing costs are starting to appeal to homebuyers, a growing trend of last minute cancellation suggests that even those who are looking to buy are worried about the housing market.
OWC

Occupy Wall Street Rallies, Undeterred by Zuccotti Park Eviction

Occupy Wall Street may have lost Zuccotti Park, but a Thursday morning march on Wall Street proceeded with undiminished enthusiasm. Late Thursday morning about 11 a.m. EST, several hundred protestors returned to the park, took down baricades to chants of Whose park? Our park! as they stormed back in. Police did not immediately react.
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Gingrich Earned $1.6 Million as Freddie Mac Consultant

Newt Gingrich earned between $1.6 million and $1.8 million as a consultant for the government-sponsored mortgage company Freddie Mac, far more than the $300,000 contract he disclosed in a recent debate, according to a Bloomberg News investigation. The advice he reportedly gave them contradicts his recent criticisms of the company.

Home Sales Mixed, Foreclosure Starts Down in September: HUD

September home sales showed mixed trends, but year-over-year foreclosures starts were down, suggesting some market recovery, according to the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Treasury's October Housing Scorecard.
Occupy Atlanta Protests

Occupy Atlanta Confrontations Spark Crackdown by Police

Five Occupiers were arrested in a downtown Atlanta park early Monday morning. Atlanta police claimed that the individuals, who they took into custody, refused to leave Woodruff Park, the encampment area of Occupy Atlanta, after a strict curfew was issued. Over the weekend 20 people were also arrested, including one individual who was charged with a felony.

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