How to rescue the housing market: Foreclosures!
How to rescue the housing market: Foreclosures!
CNNMoney — August 31, 2011
NEW YORK — If the Obama administration really wants to save the housing market, it should speed up the foreclosure process -- not prolong the inevitable, experts say.
Tying Health Problems to Rise in Home Foreclosures
The Wall Street Journal — August 31, 2011
The threat of losing your home is stressful enough to make you ill, it stands to reason. Now two economists have measured just how unhealthy the foreclosure crisis has been in some of the hardest-hit areas of the U.S.
Nevada Says Bank Broke Mortgage Settlement
The New York Times — August 30, 2011
The attorney general of Nevada is accusing Bank of America of repeatedly violating a broad loan modification agreement it struck with state officials in October 2008 and is seeking to rip up the deal so that the state can proceed with a suit against the bank over allegations of deceptive lending, marketing and loan servicing practices.\
LPS Puts Average Delinquency+Foreclosure Timeline at 599 Days
DSNews — August 30, 2011
The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That’s a record for the company’s regular monthly study on mortgage performance trends.
What’s worse for credit score — foreclosure, short sale or deed in lieu?
The Washington Post August 30, 2011
You can’t really say that credit scores don’t matter. They do.