Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

4 factors weighing down housing in the second half of 2014

Will housing collapse?
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Items Tagged with 'Foreclosure'

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CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet
July 31, 2014
"While 32 straight months of year-over-year decline in the foreclosure rate is cause for celebration, the total number of homes still in the foreclosure process remains almost four times as high as the average in the early 2000s," said Mark Fleming, chief economist for CoreLogic.
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3 Fannie policy changes help open credit box

Waiting periods adjusted
July 30, 2014
Fannie Mae updated a handful of its policies regarding significant derogatory credit events, allowing more borrowers to jump back into the housing market.
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Fed releases SunTrust order over $160M mortgage penalty

Settlements continue to dent lender's profits
July 25, 2014
SunTrust's earnings continue to be dragged down by various mortgage settlements, resolving past foreclosure and mortgage issues. Most recently, the Federal Reserve finalized the $160 million penalty related to faulty mortgages announced back in October.
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Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?
July 25, 2014
We have another woe-is-me homeowner paraded out for emotion exploitation from pro-reduction policy wonks and "if it bleeds it leads" journalists. Where is the opinion of the mortgage servicer? Or the mortgage lender?
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RTS Pacific, Regional Trustee Services complete asset purchase agreement

New company expands Butler & Hosch brand into Seattle
July 24, 2014
Regional Trustee Services announced it completed an asset purchase agreement. Under the purchase, the complete assets including client base, open matters and employee base, are transferred from Regional Trustee Services Corporation to RTS Pacific.
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1 in 6 homes still seriously underwater as home price growth slows

Down 26% from 2013, but decline slowed with slowing price gains
July 24, 2014
Some 9.1 million U.S. residential properties were seriously underwater in the second quarter, representing 17% of all properties with a mortgage, RealtyTrac reports.
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Foreclosure law firm to pay $10m to settle price-gouging complaint

Came to the front when Fannie Mae pulled plug
July 18, 2014
In a call to HousingWire, an attorney with Brownstein Hyatt Farber Schreck, the firm representing Aronowitz & Mecklenburg, said his client is also going to look for someone to purchase the foreclosure operation. Colorado's attorney general filed a complaint alleging the foreclosure law firm set unreasonably high prices for its services, knowing there was little homeowners or the state could do about it.
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Did Colorado foreclosure lawyers create artificial fees?

Went unnoticed until Fannie Mae pulls plug
July 17, 2014
The AG’s office said the two firms weren’t happy with flat fees they could charge to process foreclosure paper. So they allegedly came up with a plan to bilk more money out of the process.
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A response to zombie properties

Effective legislation should produce real solutions
July 10, 2014
Common sense would tell us that the first step should be developing a way to expedite the foreclosure process for homes that have been abandoned; it does not seem reasonable for a home to sit vacant for three years when the owner has walked away from the property.
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Fannie, Freddie foreclosure inventory hits new peak in Florida

Foreclosures in judicial states dwarf non-judicial states
July 9, 2014
According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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