Get a ‘mulligan’ after foreclosure?
Get a ‘mulligan’ after foreclosure?
Feb. 1, 2010 — OC Register
What do you think of Christopher Thornberg’s “mulligan rule?”
The California economist brought it up Saturday at a foreclosure summit
in Anaheim hosted by longtime real estate brokers Tom Moon of
Huntington Beach and Hugh Elder of Corona. The event drew real estate
agents from around the country who either deal with bank-owned
properties and short sales or want to.
AG Orders Banks, Attorneys to Stop Evictions Violating Federal Tenant Law
Feb. 3, 2010 — DSNews
Connecticut Attorney General Richard Blumenthal sent cease-and-desist letters to a host of default servicing practitioners this week ordering them to stop “abrupt and illegal evictions” of tenants of foreclosed properties.
How Banks Can Win From Being Second
Feb. 4, 2010 — The Wall Street Journal
If you thought all the bank bailouts were over, take a look at what is happening with lenders' holdings of junior, or "second-lien," mortgages.
No New Loan Products or Interest Rate Initiatives for GSEs: FHFA
Feb. 3, 2010 — DSNews
The federal supervisor charged with overseeing Fannie Mae and Freddie Mac said Tuesday that the two mortgage financiers will not be allowed to introduce new loan products into the market or take on additional responsibilities to lower interest rates once the Federal Reserve’s mortgage purchase program expires next month.
More consumers pay credit card before mortgage: study
Feb. 3, 2010 — Reuters
NEW YORK — More and more consumers are giving greater priority to paying credit card debt than making a mortgage payment, showing increased financial duress, according to a report released on Wednesday.