Foreclosure Sales Rate 4 Times Faster in Non-Judicial States
The foreclosure crisis is very much a tale of two states – judicial versus non-judicial.
In the 23 states were a judge has the final say, the foreclosure pipeline has stalled, compared to the 27 states with a ...
HAMP Mortgage-Mod Rules Eased, More Write-Downs Eyed
The Obama Administration is again giving a boost to its much criticized foreclosure rescue campaign by easing mortgage modification rules, tripling incentives to participating lenders and possibly getting Fannie ...
AG: 11 Institutions Subpoenaed in Mortgage Securities Probe
Eleven financial institutions were recently issued subpoenas related to a newly expanded federal-state effort to crack down on misconduct in the mortgage-backed securities market, U.S. Attorney General Eric Holder ...
New U.S. Disclosure Rules Set for International Money Transfers
New rules for international money transfers by U.S. remittance providers generally require full disclosure of the exchange rate and all fees associated with a transfer.
The new rules also require remittance transfer ...
Foreclosures 20% of U.S. Sales in 3Q, Average Price $165,322
Sales of homes in some phase of foreclosure, or those bank-owned, accounted for 20 percent of all U.S. sales in the third quarter of 2011, down from 22 percent of all sales in the second quarter, according to RealtyTrac, ...
Obama Urges Mortgage Refi Plan for ‘Responsible Homeowners’
The Obama administration will propose legislation to allow millions of homeowners to refinance at the current, historically low interest rates, and move them into mortgages guaranteed by the Federal Housing Administration.
The ...
Obama: New Unit to Target Mortgage Abuses of Crisis
In his state of the union address, President Obama said he will ask Attorney General Eric Holder to create a new unit of federal and state prosecutors to expand a probe into abusive practices by mortgage lenders ...
Economists See Slightly Better GDP Growth, Stable Prices
Economists are a bit more optimistic about growth in the gross domestic product (GDP) and stability in prices, compared to their outlook last October.
But GDP growth won’t likely be sufficient to substantially ...
Gingrich, Romney Blast Dodd-Frank for Stalling Foreclosure Crisis
The two frontrunners for the Republican nomination for president assailed the Dodd-Frank reform legislation passed by Democrats in 2010 as a big factor in stalling the foreclosure crisis.
In their Florida debate ...
Raw ‘Robo’ Deal? New Terms, Some Cash for Foreclosure Victims
A settlement between state authorities and five top U.S. lenders over sloppy or wrongfully processed foreclosures will include an overhaul of industry practices – a first since the housing market collapsed four ...
