Foreclosure filings were reported on 279,561 U.S. properties in October, a five percent increase from the previous month and a 25 percent increase from the… Read More »Foreclosure Filings Rise for 34th Consecutive Month; Streak Could End
The big plan to buy up all the so-called toxic mortgage debt gumming up the financial system seems to be a thing of the past.… Read More »Nevermind, We Don’t Want Your Toxic Mortgage Debt
More U.S. homeowners have been forced to sell their homes at a loss as values continue to slide, according to the latest report from Zillow.… Read More »Nearly One Third of Recent Home Sales Sold at a Loss
The FHFA has announced details of a streamlined loan modification program similar to the one in place at Indymac Federal Bank, aimed at helping seriously… Read More »Streamlined Loan Modification Program Unveiled
Citi has become the latest large bank to step up its loan modification efforts, putting in place a new streamlined approach and extending a foreclosure… Read More »Citi Launches Preemptive Loan Modification Program
California Governor Arnold Schwarzenegger has proposed another plan aimed at tackling the foreclosure crisis in the state, this time calling for a 90-day stay of… Read More »Schwarzenegger Proposes 90-Day Stay of Foreclosure
It’s all about the vanilla. The first half of 2008 was dominated by fixed-rate and government-backed mortgages, according to the Mortgage Bankers Association’s Mortgage Originations… Read More »Mortgage Market Dominated By Fixed-Rate, Government Loans
A 30-member task force has begun to probe as many as 11,000 Bay Area, California cases for potential mortgage fraud, according to a report from… Read More »Task Force Targets Borrowers, Brokers Who Fudged Numbers
The word “subprime” has undoubtedly been associated with massive losses over the past couple of years, but last Thursday, quite the opposite was true. It… Read More »Subprime Wins Ninth Race at Aqueduct Park
Almost 20 percent of U.S. homeowners are underwater on their mortgages, according to a new report from First American CoreLogic. Roughly 7.63 million properties, or… Read More »Nearly One in Five Underwater on Mortgage
