Fannie Mae ‘Internally” Hailed Principal Reductions: Lawmakers
Fannie Mae concluded years ago that principal reduction has “enormous” potential to save U.S. taxpayers significantly by reducing foreclosures after borrowers default, according to “internal documents” obtained ...
Foreclosures Rise in March, But Down from Year Ago: CoreLogic
Completed foreclosures rose in March from the previous month, from 66,000 in February to 69,000 in March, according to the analytics firm CoreLogic.
But year-over-year comparisons showed declines. Last year, there ...
Foreclosures Up in 114 U.S. Cities in 1Q: RealtyTrac
Foreclosure filings increased in the first quarter of 2012 from the previous quarter in 114 out of the nation’s 212 cities with a population of 200,000 or more, according to RealtyTrac.
The first quarter report ...
Treasury: Hardest Hit Fund has ‘Picked Up Momentum’
Housing Finance Agencies administrating the “Hardest Hit Fund” in 18 states have helped more than 45,000 struggling homeowners facing possible foreclosure, and another 38,000 are under review for assistance ...
Short Sale Prices Dropping as ‘Pre-Foreclosures’ Sell Faster
It may have taken lenders quite a while to figure this out, but “short sales” priced aggressively will sell faster.
And that’s exactly what’s happening in hardest-hit housing markets, as lenders ...
Short Sales Up 33% as Foreclosure Option Stages Comeback
After a three-year lull, there has been resurgence in short sales – when properties are sold at a loss – indicating that banks are trying to push through inventories of pre-foreclosure properties.
There was ...
Fannie, Freddie to Streamline Short Sales, Deeds-in-Lieu
Fannie Mae and Freddie Mac will develop streamlined strategies for facilitating short sales, deeds-in-lieu and deeds-for-lease to help more homeowners avoid foreclosure.
The effort will come in stages with the first ...
Foreclosure Crisis: 8 Million Children ‘Invisible Victims’
An estimated 8 million children are or will be affected by the nation’s foreclosure crisis, according to a new report released by First Focus, a bipartisan family advocacy organization.
Of the 8 million children ...
Reported Foreclosure-Help Scams Up 60%, HPF Says
Foreclosure prevention scams have surged nearly 60 percent this year as new federal programs are launched or enhanced to actually help troubled homeowners.
Announcements of new aid programs for borrowers inevitably ...
Foreclosure Filings for 1st Quarter Fall to 56-Month Low
The 572,928 foreclosure filings for the first quarter of 2012 marked the lowest total since the fourth quarter of 2007, according to RealtyTrac’s quarterly update.
The total for first quarter 2012 filings was ...
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