Page 44 - Foreclosure Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Allegations of possible foreclosure fraud at the hands of the nation's 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 country, jobs and housing, and these attorneys general are about to throw a big rock into the housin...

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 makes sense. beat up on the banks, demand that hard pressed homeowners in foreclosure proceedings ca...

But everybody who's 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 you've 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 saying that maybe the housing market would show signs of recovery late next year. it's still the tim...

Living below the poverty rate in 2009. that's 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 increase hiring by small businesses. it is a hard-fought win for the white house. probably the last leg...