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Obama’s Plan for the Housing Market 9 Aug 2013 | 10:50 pm
President Obama sat down with Zillow CEO Spencer Rascoff to answer questions about housing from Americans all over the country. As President Obama explained in Phoenix, having the chance to own your ...
Repossession Activity Rises with Prices 28 Jun 2013 | 03:57 am
According to a recent CNBC article, as real estate gains value nationwide, banks are acting more quickly on delinquent loans and repossessing more homes. For years the process has been slow and arduou...
Banks Fail to Comply with Settlement 21 Jun 2013 | 03:41 am
Four large U.S. banks have failed to comply with key elements of a landmark $25 billion mortgage settlement, an independent monitor said Wednesday. The report shows that lenders continue to bungle the...
Ex-Employees: BofA Gave Incentives for Foreclosure Referrals 21 Jun 2013 | 03:36 am
Bank of America routinely denied qualified borrowers a chance to modify their loans to more affordable terms and paid cash bonuses to bank staffers for pushing homeowners into foreclosure, according t...
Non-Judicial Foreclosure Making a Comeback in Oregon? 14 Jun 2013 | 03:24 am
Two Oregon Supreme Court decisions involving the Mortgage Electronic Registration Systems put bankers in Oregon on a path back to filing non-judicial foreclosures again, said Kevin Christiansen, gover...
Florida Reduces Foreclosure Timeline & Statute of Limitations 14 Jun 2013 | 03:12 am
Florida Gov. Rick Scott passed a bill Friday he said will help the state’s housing market and in turn the state’s overall economy. Florida H.B. 87 was introduced in January by Rep. Kathleen Passidomo ...
Wells Fargo & Citi Slow Sales 7 Jun 2013 | 03:27 am
A month after nearly halting foreclosure sales in reaction to tighter federal regulation, Wells Fargo & Co. and Citigroup Inc. are still selling seized properties at a sharply reduced pace, according ...
HAMP Extended for Two Years 31 May 2013 | 09:56 pm
The Obama administration on Thursday said it was extending the life of its signature foreclosure-prevention program by two years to help more struggling borrowers keep their homes. The Home Affordable...
Shadow Inventory Rising 31 May 2013 | 09:54 pm
Millions of U.S. homeowners are months behind on payments on government-backed mortgages, raising the risk federal housing agencies will end up facing the cost of managing a fresh flood of foreclosed ...
Housing’s Role in the Recovery 24 May 2013 | 10:21 pm
The housing market may finally be leaning on the economy’s gas pedal—but it’s also keeping a foot on the brake. Those expecting a quick return to the “virtuous cycle” by which rising prices, home sale...
