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Hundreds of Foreclosure Rescue Scams Are Prosecuted 18 Oct 2012 | 02:05 am
The Financial Crimes Enforcement Network report continuing growth in the number of foreclosure rescue schemes that are being prosecuted in 2012. There were 2,360 foreclosure rescue related suspicious ...
FHFA Seeks Input on Mortgage Securitization Reform 18 Oct 2012 | 02:03 am
The Federal Housing Finance Agency (FHFA) has issued a white paper on building a new infrastructure for the secondary mortgage market in preparation for redefining the roles of Fannie Mae, Freddie Mac...
Non-Investors are Returning to the Market 18 Oct 2012 | 01:55 am
The Hanley-Wood Market Intelligence Report has concluded that the ascendancy of the investor/cash buyer in the housing market peaked in 2011 and is on its way down. At the height investors accounted ...
Foreclosures at a 5 Year Low Nationally – Still Soaring in Others. But Why? 18 Oct 2012 | 01:51 am
Foreclosure activity hit the lowest point in September since July 2007 according to Realtytrac’s Foreclosure Activity Report. There were 180,427 foreclosure filings (notices of default, auction notic...
Modification Programs Can Lead to Strategic Default Behavior 11 Oct 2012 | 11:46 pm
A study by the National Bureau of Economic Research conducted by Christopher Mayer of Columbia University seems to indicate that when homeowners are offered a program for mortgage modification and req...
PMI Sets Up Reward Program for Homeowners 11 Oct 2012 | 11:43 pm
Homeowner Reward Co., a subsidiary of PMI, is set to start a pilot program in communities where a significant number of mortgages are underwater. The program will encourage those who continue to be c...
Foreclosure Rates Continue to Decline 11 Oct 2012 | 11:42 pm
It appears that many lenders would rather do almost anything than foreclose on a property these days. RealtyTrac’s Midyear report indicates that foreclosure filings reached their lowest point since t...
Bank of America Faces Discrimination Suit 10 Oct 2012 | 08:59 pm
A new form of discrimination is beginning to be asserted in court allegations against the big banks. In this case, it is not lending violations that are in question, but rather the way Bank of Americ...
Where Hefty Foreclosure Discounts are Alive and Well 10 Oct 2012 | 08:56 pm
For those investors who have seen a drop in profitability lately because of the heavy competition for the shrinking supply of distressed property, take heed. Not every state has experienced a severe ...
Will Short Sales and Modifications Become a Thing of the Past? 10 Oct 2012 | 08:49 pm
With the country hanging off a fiscal cliff the housing programs started in the Bush and Obama eras will be among the victims if Congress fails to act on an extension of the recession-fighting initiat...
