Mortgage Insurers Join GSEs in Effort to Shorten Short Sale Process By: Esther Cho Fannie Mae and Freddie Mac servicers will be able to skip a step when attempting to get a short sale or deed-in-lieu of foreclosure approved. On Wednesday, the GSEs announced standard delegation agreements were reached with … Continue reading

Foreclosures Cost Nearly $2 Trillion in Home Equity: Report By: Tory Barringer Foreclosures have drained nearly $2 trillion in home equity from neighborhoods across the United States, according to a report from the Center for Responsible Lending (CRL). In a report titled “Collateral Damage: The Spillover Costs of … Continue reading

Foreclosures fall in 62% of US cities

Ongoing decline another sign housing market starting to stabilize NEW YORK (CNNMoney) — Foreclosures fell in nearly two-thirds of the nation’s largest metro areas during the third quarter, according to RealtyTrac Thursday. With 62 percent of the nation’s 212 largest … Continue reading

U.S. sues BofA over alleged mortgage fraud

Reuters Visit for breaking news, world news, and news about the economy The United States filed a civil mortgage fraud lawsuit against Bank of America, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie … Continue reading

Arnold N. Goodman, Attorney at Law, announces foreclosure defense expansion

Arnold N Goodman, Attorney at Law is expanding his services into the foreclosure defense arena. Attorney Goodman boasts more than 30 years of experience, having first been licensed in 1979 in Arkansas. Goodman is planning on helping distressed homeowners trying … Continue reading

More Americans Walk Away from Their Mortgages

By: Steve Yoder Fiscal Times Crystal G., 42, figured it was time to move when groups of college students started renting in her condominium complex in Cincinnati, Ohio. She’d bought her apartment in 2005 for $98,000 and had been faithfully … Continue reading

Nine Out of 10 ‘Turnaround Towns’ Located West: NAR

By: Krista Franks Brock The West is leading the nation’s housing recovery, according to a recent study from the National Association of Realtors’ When identifying the “Top 10 Turnaround Towns” for the third quarter of 2012, the association found … Continue reading

LPS: Delinquency Rate Suddenly Spikes in September By: Esther Cho Foreclosure inventory continued to diminish in September, but the delinquency rate saw a sudden month-over-month surge, according to the “first look” mortgage report from Lender Processing Servicers (LPS), which has a loan-level database covering about 70 … Continue reading

Most County Housing Markets Worse Off Over Last Four Years, Says RealtyTrac

While housing prices are on the rise, foreclosure and real estate research firm RealtyTrac reported that 65 percent of 919 county housing markets are worse off than they were four years ago, based mostly on factors including average sales price … Continue reading