Bill aimed at preventing home foreclosures in Massachusetts moves forward in Legislature

A bill meant to stop “unnecessary” foreclosures in Massachusetts cleared its first major legislative hurdle Wednesday when it gained approval from the Legislature’s Joint Committee on Financial Services. The bill, filed by Attorney General Martha Coakley, would require banks to analyze certain troubled mortgage loans and offer borrowers modifications when it makes more financial sense than ...

Protesters in Chicago target evictions, foreclosures

CHICAGO (Reuters) - About 150 protesters in Chicago marched to banks and government offices on Wednesday to demand a one-year moratorium on local home evictions and foreclosures, the latest in a series of demonstrations leading up to next week's NATO summit. The protesters performed a piece of street theater at Daley Plaza featuring a bank trying to evict a family from their home, and neighbors ...

Musto: Legislation needed to stop fraudulent foreclosures

The Senate has approved legislation to order the state Department of Banking to study a troubling yet common practice among banks: seeking a home mortgage foreclosure without possession of the title to that property, according to state Sen. Anthony Musto, D-22nd, who represents Trumbull. "The housing crisis has hit Connecticut families hard," Musto said. "Many homeowners are underwater, facing ...

U.S. Workforce Unprepared for New Reality of Workplace Benefits, Survey on Long-Term Disability Reveals

Although medical problems contribute to roughly half of all personal bankruptcies and home foreclosures in the United States, many of the nation’s full-time workers have insufficiently planned for the risk of long-term disability, concludes a study released today by the U.S.

Home Prices Improve (Slightly) in Battleground States

Home prices are still down, but improving in key states for pols this November.