Items Tagged with 'Foreclosures'

ARTICLES

CoreLogic: Foreclosures sink to lowest level since 2007

Serious delinquency rate remains relatively high on East Coast
Foreclosures and serious delinquencies continued to drop in February, hitting its lowest point since 2007. However, while foreclosures are down nationally, the East Coast continues to lag. And even nationally, February saw an uptick in early stage delinquencies.
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ATTOM: Foreclosure activity hits 11-year low

But foreclosure starts increased in 15 states
Foreclosure activity is down across the nation, sitting at an 11-year low and in its 17th month of consecutive annual declines. However, some states are defying the national trend and are even trending upward in foreclosure starts. Here’s why.
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Freddie Mac CEO: 4 ways to turn around the supertanker

This is how to manage $2 trillion in assets
One thing that gets little coverage is how effective Freddie Mac CEO Donald Layton managed his team, which runs $2 trillion in assets. So, it seemed appropriate to find out his formula for retaining top staff and keeping the foot soldiers motivated. Layton puts it down to 4 ways they helped turn around this “supertanker.”
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Mnuchin transition team defends OneWest mortgage operations 

Cites two clear examples of exemplary modification behavior
Back in 2013, an internal memo, recently published by The Intercept, urged top officials in then-Attorney General Kamala Harris’s office to sue OneWest Bank over allegations of foreclosure violations in the state of California. Donald Trump’s nominee for Treasury secretary, Steve Mnuchin, ran OneWest Bank from 2009 to 2015. And now, a spokesman for him on behalf of the presidential transition team is calling that leaked memo "meritless."
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Senate Democrats miss the mark calling Trump Treasury pick “foreclosure king”

What kind of foreclosures are we talking about here?
According to Jack Guttenberg Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania writing in the Huffington Post, Democrats may find it troubling to get the “foreclosure king” label to stick, primarily due to a level of misreporting in the media.
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