Florida Court Given Deadline to Answer Charges of Rushing Foreclosures
Florida Court Given Deadline to Answer Charges of Rushing Foreclosures
DSNews — April 19, 2011
An appellate court has given judges of the foreclosure court system in Lee County, Florida, 20 days to respond to a petition filed by the American Civil Liberties Union (ACLU), which alleges the county circuit courts ignore procedural safeguards in order to rush foreclosures through and clear out their backlog of cases.
Fannie, Freddie foreclosure preventions drop for fifth-straight month
HousingWire — April 19, 2011
Foreclosure prevention actions in February, such as modifications or repayment plans, dropped for the fifth-straight month at Fannie Mae and Freddie Mac, according to the Federal Housing Finance Agency.
Texas House passes bill requiring more disclosures from mortgage servicers
HousingWire — April 19, 2011
The Texas House of Representatives passed a bill that sets up new disclosure requirements for mortgage servicing companies operating in the state of Texas.
Existing home sales rise, but market shows little momentum
The Washington Post — April 20, 2011
Existing home sales rose slightly in March after plunging in February, but the housing market still shows no real momentum even though interest rates and home prices remain relatively low.