Foreclosure backlog, bulldozers force Ohio REO brokers to the suburbs
Foreclosure backlog, bulldozers force Ohio REO brokers to the suburbs
August 25, 2010 — REOInsider
New foreclosure filings in the Ohio Supreme Court reached 89,053 in 2009, a 3.8% increase from 2008, but pending foreclosure cases are building at a faster rate.
Chase Moves to Speed Loan Mod Evaluations
August 25, 2010 — DSNews
Chase, the consumer and commercial banking arm of New York’s JPMorgan Chase & Co. says it “remains committed to helping customers avoid foreclosure.”
Late Payments Rise on Second Mortgages, Decline for Firsts: Report
August 25, 2010 — DSNews
Monthly default rates in July declined for first mortgages, but a larger number of homeowners fell behind on their second lien payments, according to data released jointly by Standard & Poor’s and Experian.
More lenders modifying troubled home loans by extending mortgage terms to 40 years
August 25, 2010 — Orlando Sentinel
Maria Olmo, 63, doesn't like her chances of paying off her new, 40-year mortgage.
Fannie, Freddie, and the mortgage addiction
August 26, 2010 — Christian Science Monitor
n the first inning of what looks to be an intricate political game, the Obama administration and its financial industry allies suggested that the economy needs the federal government full force in the mortgage market.