Monday Morning Cup of Coffee: Time to cut the MLS cord?

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
W S

Items Tagged with 'Foreclosure'

ARTICLES

HOPE NOW: Foreclosure alternatives significantly outpace foreclosure sales

444,000 homeowners receive non-foreclosure solutions
Brena Swanson
Approximately 444,000 homeowners received non-foreclosure solutions from mortgage servicers in the first quarter of 2015. And as a positive result, the combination of total loan modifications, short sales, deeds in lieu and workout plans greatly outpaced foreclosure sales.
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Lawsky: New York’s foreclosure system is broken

Calls for reforms in state’s foreclosure process
Ben Lane
The state of New York is still facing a massive glut of foreclosures that are choking an over-stressed system and threatening the state’s homeowners, New York Department of Financial Services Superintendent Benjamin Lawsky told the crowd at the Mortgage Bankers Association’s National Secondary Market Conference on Tuesday morning. “The state’s foreclosure process is broken and badly in need of change,” Lawsky said.
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Fannie Mae accused of widespread racial discrimination

Housing groups say GSE neglects foreclosures in minority neighborhoods
Ben Lane
The National Fair Housing Alliance and 19 local fair housing organizations are accusing Fannie Mae of widespread racial discrimination, claiming that the GSE maintains and markets its foreclosures in white neighborhoods “consistently better” than in middle- and working-class African American and Latino neighborhoods. Fannie Mae says the charges are without merit.
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CoreLogic: Foreclosures plummet 26% from March 2014

Two charts show foreclosures across nation
Brena Swanson
The foreclosure inventory continued to tumble across America in March, this time falling by 25.7%. However, the percent of homeowners struggling to keep up is still well above the pre-recession average of 1.5%.
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RealtyTrac: Foreclosures see first year-over-year increase since 2010

But overall activity drops to lowest quarterly level since 2007
Ben Lane
Foreclosure activity — which includes default notices, scheduled auctions and bank repossessions — rose in March, marking the first year-over-year increase in foreclosure activity since September 2010. But the news wasn't all bad.
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Safeguard Properties launches new fast-track legislation tool

Features interactive map tool
Brena Swanson
Safeguard Properties launched a new resource to fall in line with the growing trend of fast-track legislation for vacant and abandoned properties in order to provide industry professionals with a new tool to stay above growing legislation.
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Long foreclosure processes give borrowers free home

Cases rest on the state’s statute of limitations
Brena Swanson
There are still tens of thousands of homeowners who have missed more than five years of mortgage payments. And according to an interesting legal quirk, they might be able to keep their homes for free now.
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More than one-third of America holds no emergency savings

Improving economy still leaves millions on brink of foreclosure
Ben Lane
Despite marked improvement in the economy since the end of the housing crisis, millions of Americans are still on the brink of foreclosure due to a lack of savings. How bad is it?
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Tulsa expansion completes SecureView nationwide reach

Opens new locations in Oklahoma, California, Massachusetts
Brena Swanson
SecureView continues to gain ground in making a difference in blighted communities. The company provided HousingWire its three new locations, opening soon, that complete its nationwide reach.
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Ocwen fires back at “disingenuous” charges of negligence

Accuses mortgage bond investors of being "pro-foreclosure"
Ben Lane
Ocwen Financial is doubling down in its fight against a group of mortgage bond investors that accused the nonbank of failing to properly collect payments on mortgage loans and breaching its bond covenants, charging the investors, which include BlackRock, MetLife, and PIMCO, of having a “pro-foreclosure, anti-modification” agenda.
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