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  • Pending home sales hit second highest point in decade

    Pending home sales increased in July led by high gains in the West, which hit its highest month in more than three years. There is, however, still room for more growth. There’s little doubt there’d be more sales activity right now if there were more affordable listings on the market. Click the headline to read more.

Evicted by a robo-signer

First the Wall Street Journal and now NPR, is following the news originally broke by HousingWire that a "Robo signer" is partially responsible for GMAC's foreclosure woes... Jacob Goldstein reports: How did a middle manager at GMAC Mortgage sign off on 10,000 foreclosures a month? He didn't read the paperwork like he was supposed to. The company (part of Ally Financial, a Planet Money sponsor) recently halted evictions in dozens of states, after news of the robo-signer came to light, NPR reports. The case — which could allow thousands of homeowners to challenge their evictions — has triggered other reports this week of sloppy foreclosure practices.

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