Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Items Tagged with 'Foreclosure'

ARTICLES

California man jailed for foreclosure rescue scam

Sentenced to 10 years in prison
Brena Swanson
A Huntington Beach man who was involved in a nationwide foreclosure scam that included several Sacramento-area homeowners among its victims has been sentenced to 10 years in prison, according to an article in The Sacramento Bee.
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RealtyTrac: Foreclosure sales fall to lowest level since Q1 2011

Median home prices increase for 30th consecutive month
Ben Lane
According to the report, residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annual pace of 4,402,741 in September, a decrease of 1% from August 2014 and a decrease of 19% from one year ago.
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WATCH: Foreclosure king Todd Brunner arrested

Built his wealth in southeastern Wisconsin
Brena Swanson
Although several years have passed since the financial crisis, local authorities are still arresting people who made their fortune during the downturn. Todd Brunner, 57, a onetime local king of foreclosures, and his son, Shawn, 24, are no exception.
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Bidder offers $3.2 million for 6,000 Detroit foreclosures

Buyer remains anonymous
Brena Swanson
Someone is stepping up to invest in Detroit, and while the person remains a mystery, an auction in Motor City of more than 6,000 foreclosed properties found an unidentified bidder who has offered $3.2 million for the buy.
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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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