Yahoo/Finance By Morgan Korn | Daily Ticker Both the U.S. markets and the economy started the first quarter off strong: there were a few blips in the data but the recovery looked robust and markets reached levels not seen before … Continue reading
Mortgage Servicing News The Federal Housing Finance Agency wants Fannie Mae and Freddie Mac to be more responsive to troubled homeowners seeking a short sale solution or who receive a bid from an interested buyer. The GSE regulator this week … Continue reading
By John Gittelsohn - Apr 17, 2012 The number of U.S. home short sales surpassed foreclosure deals for the first time as banks became more agreeable to selling houses for less than the amount owed on their mortgages, according to … Continue reading
American Banker Rick Sharga APR 16, 2012 3:51pm ET Industry watchers expecting foreclosure trends to follow a predictable path are destined for surprises, as the recent figures from RealtyTrac demonstrate. March marked a 4-year low in new foreclosures, with actions … Continue reading
If you’re a struggling homeowner watch out! The chance that you’ll get scammed is way up. The number of reported mortgage foreclosure scams has shot up 60 percent so far in 2012, according to the nonprofit Homeownership Preservation Foundation. About … Continue reading
American Banker The Federal Housing Finance Agency wants Fannie Mae and Freddie Mac to be more responsive to troubled homeowners seeking a short sale solution or who receive a bid from an interested buyer. The GSE regulator this week released … Continue reading
Mortgage Servicing News Is principal reduction the glass is either half full or half empty. Yet, if mounting pressure on government-sponsored enterprises and their conservator results in a green light to writedowns on GSE loans as everyone expects, such solution … Continue reading
04/12/2012 BY: CARRIE BAY A Minneapolis-based attorney has been sanctioned by a federal judge for filing one, in what appears to be a series of nearly 30 lawsuits based on what the court says are frivolous “show-me-the-note” defenses designed to … Continue reading
Thu Apr 12, 2012 * Task force probing packaging and sale of mortgages * Looking to use FIRREA statute with lower burden of proof * Comes as Justice Dept has struggled with criminal charges * FIRREA largely uncharted legal territory … Continue reading
IRVINE, Calif. - April 12, 2012 - RealtyTrac®, the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for the first quarter of 2012, which shows foreclosure filings - default notices, scheduled auctions and bank repossessions … Continue reading