Top foreclosure hot spots
Top foreclosure hot spots
July 29, 2010 — Inman News
Foreclosure activity increased in 75 percent of 206 metro markets with populations of 200,000 or more during the first half of 2010, even as foreclosure-related filings fell in all but a half-dozen of the nation's 20 hardest-hit metro areas, data aggregator RealtyTrac said today.
Foreclosures boom among nation's most creditworthy
July 29, 2010 — USA Today
A record number of borrowers once judged the most creditworthy are heading into foreclosure as the job market leaves more homeowners unable to keep up with mortgage payments.
Fed’s Report Shows Slowing Growth
July 28, 2010 — New York Times
While the economy has continued to pick up, growth has become uneven in recent weeks, the Federal Reserve said Wednesday in its latest regional report. In some regions, the Fed said, economic activity had started to slow.
California Department of Real Estate Revokes Record Number of Real Estate Licenses
July 28, 2010 — BusinessWire
SACRAMENTO — The California Department of Real Estate (DRE), the state department that issues real estate licenses and protects consumers through enforcement of the Real Estate Law, revoked a record number of licenses for cause in the fiscal year ending June 30th, 2010. The DRE also accepted another record number of license surrenders from licensees facing disciplinary action. All told, over 886 licensees had their license revoked, suspended or they simply surrendered their licenses while facing accusations.
Fannie, Freddie overhaul moving ahead gingerly
July 28, 2010 — Washington Post
The Obama administration on Tuesday tiptoed closer to overhauling Fannie Mae and Freddie Mac, announcing a conference next month to begin a public discussion on how to remake the nation's system for funding home loans.