CFPB secures $27.7 million judgment against foreclosure relief scammers

The next president needs to speak up about housing right now

Want my vote? Here's how to get it

CFPB, DOJ take action against Provident Funding for discriminatory lending

Could pay $9 million in damages
W S

Items Tagged with 'Daren Blomquist'

ARTICLES

RealtyTrac: How will new 3% down mortgage products perform?

Less homeowners use low down payments
Brena Swanson
Housing authorities released plenty of new regulations over the past year in an effort to boost homeownership. How these programs are doing so far is still up for debate.
Read More

Seriously underwater properties decrease 2.2 million in 2014

RealtyTrac: Down 5.8 million from peak negative equity in 2012
Trey Garrison
The number of seriously underwater homes continues to drop, and the number of equity-rich homes is growing. Here’s what’s happening.
Read More

RealtyTrac: Foreclosures increase for two months straight

Biggest monthly increase in 4 years
Brena Swanson
Although this is the largest month-over-month increase since U.S. foreclosure activity peaked in March 2010, the increase is not a significant surprise due to historical trends. But that doesn't mean there isn't more than just a seasonal pattern at work.
Read More

RealtyTrac: Seriously underwater homes hit 2-year low

But it’s not all positive news
Brena Swanson
“The decrease in underwater properties is promising but the estimated $1.4 trillion in negative equity means that the flood waters are not receding as quickly as they were before, corresponding to slowing home price appreciation,” said Daren Blomquist, vice president at RealtyTrac.
Read More

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.
Read More

Mortgages: Has Dodd-Frank failed?

Industry needed its 250 new standards
Daren Blomquist and Peter Miller

The need for Wall Street Reform arose precisely because the financial industry was under-regulated. No less an authority than Alan Greenspan, the former head of the Federal Reserve and chief architect of the less-regulation approach, told Congress in 2008 that “those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief.” 


Read More

Is the boom era for home flipping ending?

RealtyTrac: Trends return to historical normal
Brena Swanson
"Home flipping is settling back into a more historically normal pattern after a flurry of flipping during the recent run-up in home prices in 2012 and 2013," said Daren Blomquist, vice president at RealtyTrac.
Read More

WATCH and CLICK: Where are home prices peaking?

Homes hit new 10-year peaks in 2013, 2014
Brena Swanson
More counties are starting to hit new 10-year home price peaks in 2014, but this video and chart tells the story best.
Read More

RealtyTrac: Monthly foreclosure filings reverse course, rise 8%

40th consecutive month of declines annually
Brena Swanson
Foreclosure filings reversed course, increased 8% to 124,419 in January from December, marking the 40th consecutive month where foreclosure activity declines on an annual basis.
Read More

When rising homes prices are not enough

Positive equity is not a barrier to foreclosure
Brena Swanson
Despite rising home prices, some homeowners are still entering the foreclosure process. It seems even with equity at their fingertips, these borrowers cannot catch a break. Fitch Ratings explains why equity means very little when a borrower simply has no ability to pay.
Read More