Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S

Items Tagged with 'Foreclosure'

ARTICLES

California foreclosures hit lowest level in eight years

Keeps heading down
Brena Swanson
Lending institutions initiated formal foreclosure proceedings last quarter on the lowest number of California homes in more than eight years. Will it last?
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RealtyTrac: Foreclosure filings increase first time in 3 years

Rise in foreclosures foreshadows new industry trend
Brena Swanson
Foreclosure filings, including default notices, scheduled auctions and bank repossessions, were reported on 317,171 U.S. properties in the third quarter. According to Daren Blomquist, vice president at RealtyTrac, this rise in foreclosures foreshadows a new trend.
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Fannie Mae now owns a home with 6,000 brown recluse spiders

Sounds like the arachnids have the title – who would contest it?
Trey Garrison
Fannie Mae now owns an upscale yet foreclosed home in Missouri that might be hard to unload at any price. It comes with a bonus feature: a nest capable of holding 6,000-plus spiders.
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The New Normal and the foreclosure trial tackle box

What to do when your foreclosure goes awry in court
Troy Freedman
In one instance of case madness, the judge allowed the defendants to pose questions to plaintiff's counsel several times during trial and each time plaintiff's counsel had to remind the court of the obvious: that he was not the one on trial.
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MERS hot streak continues

Secures legal victory for second day in a row
Ben Lane
In its ruling, the Court of Appeals cited its previous ruling, Martins v. BAC Home Loans Servicing, L.P, which upheld the validity of a MERS mortgage assignment to a foreclosing entity, stating, “MERS ‘qualifies as a mortgagee’ under Texas law, and we have repeatedly upheld MERS’ assignment of mortgages to other entities.”
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New York’s foreclosure backlog isn’t going away until 2016, at least

Prospects slightly better in New Jersey
Ben Lane
"In New York, the recent private-label RMBS foreclosure backlog of 38,213 loans could be cleared in approximately 5.7 years using the last 12 months’ average exit rate of 1,684 loans and in approximately 2.4 years using the 2008-10 average rate of 4,059 loans," Moody’s Investors Service said in a new report.
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CoreLogic: Far fewer foreclosures coming to market

Down by more than one-third
Jacob Gaffney
The monthly foreclosure report is out from mortgage data and analytics provider CoreLogic. And for those who rely on a healthy foreclosure pipeline to sell property, the results show yearly inventory is down by more than one-third.
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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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Are we facing yet another foreclosure crisis?

Property preservation remains vital component to default servicing
Lynn Effinger
Despite numerous reports indicating that there has been a deep decline in foreclosure inventory over the past several months in many markets, the reality, as chronicled in several articles recently penned by this author and others, is that foreclosure rates are very likely to rise again in the not-too-distant future.
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5th Circuit U.S. Court of Appeals affirms MERS authority to assign mortgage

Trey Garrison
The U.S. Court of Appeals for the Fifth Circuit affirmed MERSCORP Holdings’ authority to assign the mortgage lien as its basis for affirming the dismissal of a wrongful foreclosure lawsuit.
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