DSNews.com By: Esther Cho Forty-one state attorneys general signed a letter Tuesday urging U.S. House and Senate leaders to extend the expiring Mortgage Debt Relief Act of 2007-. The attorneys general argued failure to extend the act would take away … Continue reading
DSNews By: Tory Barringer Former DocX president Lorraine Brown is looking at a two- to three-year stretch in prison after accepting a plea deal over robo-signing practices, according to announcement from Missouri attorney general Chris Koster. Under a plea agreement … Continue reading
Bloomberg News Foreclosure filings surged in New Jersey, New York and Connecticut last month, even before those three states bore the brunt of superstorm Sandy that now has homeowners digging through the debris. Default, auction and repossession notices increased 140 … Continue reading
DSNews.com By: Esther Cho In the third quarter of this year, negative equity slipped further and now represents less than 30 percent of homeowners with a mortgage, Zillow revealed Thursday. According to a negative equity report, 28.2 percent of all … Continue reading
By: Reuters The improving U.S. housing market is “far from being out of the woods,” Federal Reserve Chairman Ben Bernanke said Thursday, arguing that overly tight lending standards are part of the problem. The Fed, which has focused on mortgage … Continue reading
Inmannews.com RealtyTrac data shows foreclosure filings down 19 percent from year ago Over half of U.S. metro areas saw an increase in foreclosure activity from September to October, but foreclosure-related filings nationwide were down 19 percent from a year ago, … Continue reading
A specific provision in California’s Homeowner Bill of Rights may have led to a surge in foreclosure cancellations, according to a report from ForeclosureRadar. Foreclosure cancellations in California spiked 62.1 percent from September to October and 36.7 percent over a … Continue reading
By: Esther Cho The national mortgage delinquency rate fell further in Q3 2012 to 5.41 percent, TransUnion reported Tuesday. The rate is a decrease from 5.49 percent in Q2 2012 and a near 8 percent drop from 5.88 percent in … Continue reading
DSNews Krista Franks Brock The state of the housing market continues to improve though recovery remains “fragile,” according to the October Housing Scorecard released Friday by the Obama administration. Along with the scorecard, the administration released special instructions for those … Continue reading
NEW YORK (CNNMoney) — By Les Christie The clock is ticking on a tax break that saves struggling homeowners from paying thousands of dollars to the IRS. If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended … Continue reading