Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

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The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Items Tagged with 'Foreclosures'

ARTICLES

$3.2M Detroit foreclosure mystery bidder revealed

Here are the plans going forward
Brena Swanson
The mystery buyer behind the purchase of more than 6,000 Detroit foreclosed homes was revealed on Tuesday. Here are his plans for what he hopes to do with it.
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RealtyTrac: Foreclosure sales fall to lowest level since Q1 2011

Median home prices increase for 30th consecutive month
Ben Lane
According to the report, residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annual pace of 4,402,741 in September, a decrease of 1% from August 2014 and a decrease of 19% from one year ago.
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Black Knight: Foreclosure inventory lowest since February 2008

Delinquencies decline by 117K but foreclosure starts rise 12%
Trey Garrison
At 1.76% of active mortgages, the nation’s inventory of loans in foreclosure is now at its lowest point since February 2008, according to the September report from the Data and Analytics division of Black Knight Financial Services.
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The shocking truths for homeowners struggling against foreclosure

Law firm: Wells Fargo case study allegedly reveals what they are up against
Trey Garrison
Several big banks have negotiated large settlements with the Department of Justice for their role in the housing bubble and subsequent economic collapse, but struggling homeowners shouldn't hold their breath waiting for relief.
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Foreclosure inventory down 32.8% from August 2013

CoreLogic: 45,000 foreclosures in August
Trey Garrison
There were 45,000 completed foreclosures nationally, down from 58,000 in August 2013, a year-over-year decrease of 22.2%, according to the latest data from CoreLogic.
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Black Knight: Delinquency rate jumps almost 5% to highest since February

Foreclosures decline for first time in five months
Trey Garrison
The mortgage delinquency rate jumped nearly 5% in August, reaching its highest point since February, the Data and Analytics division of Black Knight Financial Services reported in its “first look” at August 2014.
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Black Knight: Foreclosure starts are up for the third consecutive month

Overall foreclosure inventory continues to fall
Trey Garrison
Foreclosure starts in July were up for the third consecutive month even as the overall inventory continues to decline, according to Black Knight Financial Services.
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HOPE NOW: Foreclosure sales fall to pre-bust levels

Total number of loan modifications since 2007 reaches 7.1 million
Ben Lane
The estimated 115,000 foreclosure sales in the second quarter represented a decline of 9% from the first quarter’s total of 126,000. HOPE NOW notes that the second quarter total was the lowest since it started tracking the data in 2007.
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Foreclosures rise in July, but still down from 2013

Foreclosure starts up 128% in Nevada
Ben Lane
Per RealtyTrac’s report, a total of 49,624 U.S. properties started the foreclosure process for the first time in July, which represents a 5% increase from June. But the figure is still down 18% from a year ago, which marks the 24th consecutive month with a year-over-year decrease in U.S. foreclosure starts.
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New Connecticut foreclosure law seeks to bypass judicial backlog

Offers short sale alternative, expedites process
Ben Lane
The bill, which was sponsored by State Representative Joe Diminico, who has been a Realtor for more than 30 years, allows property owners who are in the beginning of the foreclosure process to work directly with a broker and the mortgage holder to “speedily sell the property” and avoid the time-consuming judicial foreclosure process.
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