CitiMortgage paying borrowers $12,000 after a short sale
CitiMortgage paying borrowers $12,000 after a short sale
HousingWire — June 16, 2011
CitiMortgage, the mortgage servicing arm of Citigroup is paying borrowers an average $12,000 after completing a short sale this year.
Inventory Overhang Means 6.5M New Households Needed
DSNews — June 16, 2011
Experts blame the massive inventory of existing homes on the market for hindering the U.S. housing sector’s recovery. The overhang has been inflated by large volumes of foreclosures, and it’s expected to grow with millions more coming down the pipeline.
Housing Recovery Begins When Foreclosures Turn To Closings
FOXBusiness — June 17, 2011
Before anyone starts talking about a housing recovery, the conversation needs to shift from foreclosures to closings.
U.S. financial reform law sets aside $61M for Mass. unemployed
Boston Herald — June 17, 2011
Help is on the way for more than 1,200 Bay State jobless facing foreclosure.
Indiana Amends Foreclosure Mediation Law
DSNews — June 15, 2011
Indiana has enacted a new foreclosure law surrounding the state’s pre-judgment mediation program, outlining changes related to borrower notification and loss mitigation documentation.