Freddie Mac Bars Foreclosure Actions in the Name of MERS
Freddie Mac Bars Foreclosure Actions in the Name of MERS
DSNews — March 24, 2011
Freddie Mac issued new policy guidelines to its servicers this week that prohibit foreclosures in the name of Mortgage Electronic Registration Systems Inc. (MERS).
S&P puts shadow inventory principal balance at $450 billion
HousingWire — March 25, 2011
The shadow inventory of foreclosures now stands at $450 billion, according to Standard & Poor's. The number estimates the principle balance of residential properties in foreclosure but not yet on the market.
Rental interest drives real estate search traffic
Inman News — March 25, 2011
Visits to real estate websites have jumped 27 percent in the past year, with much of that increase driven by consumer interest in rentals, according to a webinar by Web metrics firm Experian Hitwise.
Survey: Most see owning a home as a good thing
Des Moines Register — March 24, 2011
The ideal of homeownership is alive and well in the hearts of Americans, especially the 51 million people in the prime homebuying age group between 20 and 31, a new survey from Wells Fargo shows.
Fed: More than two-thirds saw net worth drop in recession
USA Today — March 25, 2011
More than two-thirds of Americans saw their net worth decline during the recession, suffering a median drop of 18%, according to a Federal Reserve study released Thursday.