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Offering aid to distressed borrowers
Offering aid to distressed borrowers April 23, 2010 — Inman News The irony about the ongoing crisis in America's residential real estate and mortgage markets is that it has attracted the altruistic and capitalistic in equal measure. People want...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
joelc
on 23 Apr 2010
Number of the Week: 103 Months to Clear Housing Inventory
Number of the Week: 103 Months to Clear Housing Inventory April 24, 2010, Wall Street Journal 103: The number of months it would take to sell off all the foreclosed homes in banks’ possession, plus all the homes likely to end up there over the next...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
Octavion
on 26 Apr 2010
Filed under:
Fannie Mae
,
foreclosure
,
flippers
Foreclosure backlog brings relief for homeowners
Foreclosure backlog brings relief for homeowners April 21, 2010 — Financial Times Cheryl Trella, a 56-year-old grandmother, has not made a payment on her $300,000 home in the Phoenix suburb of Chandler in more than a year, but she has not heard...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
joelc
on 21 Apr 2010
Skeptics don't expect REO flood
Skeptics don't expect REO flood April 19, 2010 — Inman News While there's mounting evidence that an economic recovery is under way and picking up steam, there's still no escaping the reality that roughly 7 million U.S. homeowners are...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
joelc
on 19 Apr 2010
Architect of Obama's Housing Aid Program Leaves Treasury
Architect of Obama's Housing Aid Program Leaves Treasury May 3, 2010 — ABC News Seth Wheeler, who designed the Obama administration's foreclosure prevention program, has left his post as a senior advisor at the Treasury Department. Officials...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
joelc
on 4 May 2010
Bomb Suspect Faced Foreclosure
Bomb Suspect Faced Foreclosure May 4, 2010, Wall Street Journal Faisal Shahzad was losing his Connecticut home to foreclosure, disliked President George W. Bush, and was an almost invisible presence at the American university where he earned two degrees...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
Octavion
on 5 May 2010
Filed under:
foreclosure
,
Strategic Defaults
White House Threats To Veto Bill Aimed At Ending HAMP
White House Threats To Veto Bill Aimed At Ending HAMP March 15, 2011, ABC News President Obama would be urged to veto the House Republican bill that would kill his administration’s underperforming housing assistance program and replace it with a...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
Octavion
on 17 Mar 2011
Filed under:
foreclose crisis
A Foreclosure Settlement Plan Might Make Matters Worse
A Swift Deal May Not Be a Sound One March 13, 2011, New York Times One crucial reason the nation’s mortgage industry ran itself — and the entire nation — off the rails was its obsession with speed. Mortgages had to be approved chop-chop...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
Octavion
on 15 Mar 2011
Filed under:
foreclose crisis
Home Sales Data Doubted
Home Sales Data Doubted The Wall Street Journal — February 22, 2011 The housing crash may have been more severe than initial estimates have shown. Home Prices Slid in December in Most U.S. Cities, Index Shows The New York Times — February...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
joelc
on 22 Feb 2011
Foreclose Deal Near, State Officials Say
Foreclose Deal Near, State Officials Say New York Times — March 7, 2011 WASHINGTON — A broad agreement could be struck within two months to overhaul how millions of foreclosures are handled by the nation’s biggest banks and to expand...
Posted to
Foreclosure community blog resource powered by RealtyTrac
by
joelc
on 8 Mar 2011
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