Page 22 - Foreclosure Process News Today

Again. >> reporter: his first major foreclosure plan unveiled here in 2009 did not pan out. >> we will help between 7-9 million families. >> reporter: skepticism abounds over more government tinkering. >> we can try these things all day long but we need to let the market shift through what is out there. >> reporter: romney said much the same last week in vegas. democrats are eager to gain politically contrasting the presidents action with this. >> dont try to stop the foreclosure process. let it...

Perspective for us, how dire is the situation? how far will this plan go to help people? >> well, when you talk about a dire situation, this program is about people who are current on their mortgages, that is theyre not in trouble, so when we look at these say 6 million borrowers who are either facing foreclosure or in the foreclosure process, they are very far behind on their mortgage payments, this plan has nothing to do with them, nothing at all. this is about people who just simply owe so mu...

Protestors digna their heels vowing to fight the plans which ends collective bargaining rights for most public employees when it comes to their benefits. the republican-controlled assembly takes up the explosive proposal this morning but its far from a done deal because democrats say they will offer more than 100 amendments to stall this process. things even more chaotic in the state senate where 14 democrats high tailed it out of the state to block a vote. so a lot going on in madison where we ...

Responsibility for that fire, killing four, injuring seven, others, military officials, saying it happened near a reportedly guarded terminal. its the third attack on tankers in as many days. it seems to be the latest maneuver, and believed that two of the recent plots are in retaliation for drone strikes and nato attacks inside pakistan. martha: what a mess in the housing market. we knew it was bad. now, it is worse. the number of banks, have you heard about this, are putting a stop to the fore...

Latest updates on this topic.

Allegations of possible foreclosure fraud at the hands of the nations biggest lenders. it is a dramatic situation, but some economists say could -- that some economists say could have a serious economy on the larger recovery and delay the recovery in the housing market by a few years. stu varney of fox business network and anchor of varney & company is here to explain that. the attorneys general are doing what and what does it mean for the housing market? >> megyn, there are two crises in this c...

This week as we get word the foreclosure rate soared in the last quarter. it just so happens that some of the hardest hit housing markets are in states where the political stakeses could not be any higher, think nevada and florida. stu varney is anchor of varnny & company on the fox business network and joins us now. and that, you may or national be -- or not be surprised, folks, has politicians like harry reid calling for what? >> a moratorium on the foreclosure process, at the local level, it ...

But everybody whos involved in this, all of the homes which are being foreclosed on, the homeowner has not paid his or her bills. it is the process, the legalistic process, of foreclosure that may be at fault. now the attorneys general are launching an investigation in 49 states. that puts on hold the entire foreclosure process. megyn, what youve got is a defacto foreclosure freeze spreading across the country. megyn: why are these top economists saying that this is going to -- they were just sa...

Living below the poverty rate in 2009. thats the highest number ever recorded. and the number of people without health insurance climbed last year for the first time in two decades to 50.7 million. lenders are -- have repossessed more than 95,000 homes in august. that is another record high. although the number of properties entering the foreclosure process dropped. a new attempt today to ease some of the economic pain after months of debate, the senate passed a $42 billion bill designed to incr...