Definitely the best Beige Book coverage on housing and mortgage finance

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Capital Economics on mortgage apps: Nowhere to go but up

Fundamentals point to upswing over the long haul
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Items Tagged with 'Foreclosure'

ARTICLES

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
Ben Lane
You can say a lot of things about the foreclosure crisis, but you can’t say that moving into a neighborhood destroyed by foreclosures could drive a man insane after he falls victim to ancient curses while living a haunted house. Until now!
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Black Knight: Delinquencies continue downward trend

Drops 11% from January 2014
Brena Swanson
Delinquencies continued to trend down and dropped 11% from January 2014. On the other hand, January’s 94,300 foreclosure starts marked the highest level of starts since December 2013.
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Vanilla Ice charged with burglarizing a foreclosure

Police on the scene, you know what I mean
Trey Garrison
Ice is back with a brand new invention. Ok, it’s not new, it’s called burglary and grand theft. The former rapper turned reality show home renovator decided a foreclosed property next to one he was working on didn’t need some swag.
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New York doubling down in fight against zombie foreclosures

Attorney General announces new legislation to address “growing problem”
Ben Lane

New York Attorney General Eric Schneiderman announced on Monday that he plans to resubmit an expanded version of a bill he first introduced in 2014 to the state legislature. The bill, called the Abandoned Property Neighborhood Relief Act, is designed to reduce the number of zombie homes by informing homeowners of their right to stay in their home until a court orders them to leave.


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The ULTIMATE spite house hits the auction block

Seattle’s Edith Macefield famously turned down $1 million for home
Ben Lane
The tale of Edith Macefield is apparently local legend in the Seattle area. In 2007, she famously turned down $1 million for her home, even as developers were literally building a shopping mall around it. Now her famous home is on the verge of being auctioned off.
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RealtyTrac: One in four foreclosures are zombie homes

Share of zombies up despite decline in total foreclosures
Trey Garrison
The share of foreclosures that are zombie homes is up despite the overall decline in foreclosures. Here’s why, and what it means for housing demand going forward.
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Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence
Ben Lane
Ocwen fired back at claims of mortgage payment negligence, saying that the mortgage bond investors that accused it of failing in its duties as servicer have ulterior motives. “Your letter obscures the ultimate objective of your investor clients: to stop servicers from modifying loans and force them to foreclose on and evict as many struggling homeowners as quickly as possible,” Ocwen said in response.
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RealtyTrac: Distressed home prices hit new 5-year high

Median homes prices remain flat
Brena Swanson
While median sales prices of single-family homes and condos reported little movement compared to a month ago, the same can’t be said for distressed home prices, which reached their highest level since December 2009.
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Massachusetts foreclosure activity rises in November

More than doubles 2013 foreclosure petitions
Ben Lane
November foreclosure activity in Massachusetts rose by more than 150% over 2013, but the figures actually fell from October's total.
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Colorado AG charges two more foreclosure law firms with fraud

Accused of inflating costs
Ben Lane
Attorney General John Suthers sued two foreclosure law firms, Robert J. Hopp & Associates and The Hopp Law Firm, and The Vaden Law Firm, stating that the firms overcharged consumers, for amongst other things, non-existent title insurance policies.
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