The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
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Items Tagged with 'Foreclosure'

ARTICLES

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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Foreclosures rise in July, but still down from 2013

Foreclosure starts up 128% in Nevada
Ben Lane
Per RealtyTrac’s report, a total of 49,624 U.S. properties started the foreclosure process for the first time in July, which represents a 5% increase from June. But the figure is still down 18% from a year ago, which marks the 24th consecutive month with a year-over-year decrease in U.S. foreclosure starts.
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15 states aggressively going after stop-foreclosure scams

Is your state on the list?
Jacob Gaffney
On a national level, the CFPB and FTC are going after those falsely promising foreclosure relief to distressed homeowners. And here are the 15 states where Attorney General offices are doing the same.
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Attorneys General sue Tampa firm over mortgages

Florida and Connecticut file lawsuit
Brena Swanson
Both the Florida and Connecticut Attorneys General filed a federal lawsuit against a Tampa firm, alleging it collected at least $4.7 million in illegal upfront fees from distressed homeowners.
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Actress Mischa Barton facing foreclosure on $6.4M Beverly Hills mansion

The OC star in over her head and behind $100K on mortgage
Trey Garrison
Looks like actress Mischa Barton should have bought in The OC instead of Beverly Hills, as she is now $100K behind on her mortgage payment on her $6.4 million home, TMZ reports.
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New Connecticut foreclosure law seeks to bypass judicial backlog

Offers short sale alternative, expedites process
Ben Lane
The bill, which was sponsored by State Representative Joe Diminico, who has been a Realtor for more than 30 years, allows property owners who are in the beginning of the foreclosure process to work directly with a broker and the mortgage holder to “speedily sell the property” and avoid the time-consuming judicial foreclosure process.
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CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet
Brena Swanson
"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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