Where's Watt?

Where's Watt?

FHFA scorecard should be marked tardy

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Key MERS legal employees turn away from company

Company now under federal scrutiny

Items Tagged with 'Foreclosures'


Foreclosure sales drop to lowest level since 2007

Loan modifications remain steady
April 11, 2014
February’s foreclosure sales and starts dropped significantly from January’s totals to a level not seen since 2007. Those figures marked the lowest since HOPE NOW began recording data in 2007.
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Foreclosure activity at lowest level since 2Q 2007

Foreclosures up 4% from February but down 23% since March 2013
April 10, 2014
March foreclosures were up 4% from February but still down 23% compared to March 2013, according to RealtyTrac’s latest report.
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White House pleased with HAMP, housing efforts

Grades self on a bit of a curve
April 4, 2014
The March edition of the Obama Administration's housing scorecard grades itself pretty highly despite some key indicators that should raise concern.
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Foreclosures slow but nearly 2M homes in serious delinquency

Pace nearing pre-2008 levels
April 3, 2014
CoreLogic’s new national foreclosure report shows there were 43,000 completed foreclosures in the United States in February 2014, down from 51,000 in February 2013. But what does this mean for the shadow inventory?
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Did the foreclosure rate really get cut in half?

Yes, according to OCC data
March 27, 2014
The percentage of early stage delinquencies, 30 days+ overdue, is 2.6%, down 8.7% from a year ago and the lowest level at year-end since reporting began in January 2008. But the really big changes concern foreclosures.
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Monday Morning Cup of Coffee: Foreclosures down 500K from last year

Non-current loans down by almost 1 million
March 24, 2014
Foreclosures and non-current loans are both sharply down from this time last year, according to Black Knight's "first look" at February numbers.
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CFPB targets "zombie" foreclosures

Borrowers don't realize they still own their homes
March 14, 2014
The Consumer Financial Protection Bureau is probing "zombie" foreclosures, a phenomenon first revealed by Reuters last year, article claims.
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Michigan attorneys face sanction for frivolous foreclosure delays

Appellate court awards taxable costs to lender
March 13, 2014
Attorneys in Michigan who file what are ruled frivolous complaints or requests for delays in foreclosure or eviction cases can be sanctioned.
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California home sales continue to drop

Home price appreciation hits second year
March 13, 2014
Short sales made up an estimated 9.6% of the homes that resold last month. That was down from an estimated 10.9% the month before and 22.4% a year earlier.
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Minneapolis Realtors can't wait for Spring

Winter homes sales go BRRR!
March 12, 2014
The jury is still out on the impact of the unusually harsh winter on the housing economy. Some national statistics are noting a muted effect, with major metros brushing off the cold. Realtors in the Minneapolis/St. Paul region could not disagree more.
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