Short Sale Effects on Credit Effects of distressed home ownership on credit; short sale vs. foreclosure- what’s the difference? Why go through all the hassle? Why […]
State regulators find flaws in federal foreclosure-help program Jan. 21, 2010 – The Washington Post The high level of foreclosures plaguing the country will get worse […]
FHA Raises Down Payments, Premiums Amid Mortgage Delinquencies Jan. 20, 2010, Bloomberg News The Federal Housing Administration is raising insurance rates and tightening credit-score rules to […]
HUD Moves to Speed REO Sales DSNews HUD Secretary Shaun Donovan has announced a temporary policy that will expand access to Federal Housing Administration (FHA) mortgage […]
Here's relevant news for January 18, 2010. Treasury Dept. says loan modification picture is improved Jan. 16, 2010, Los Angeles Times After a month of intense […]
Bank Of America: Over 20,000 Mortgage Modifications Processed The Wall Street Journal Bank of America Corp. (BAC) said it finished processing and underwriting more than 20,000 […]
2009 foreclosures hit record high MarketWatch CHICAGO — The number of U.S. residential properties receiving at least one foreclosure filing jumped 21% in 2009 to a […]
A record 2.8 million U.S. properties received foreclosure notices in 2009, up 21 percent from 2008 and up 120 percent from 2007, according to the RealtyTrac […]
U.S. Subpoenas 15 FHA Lenders With High Mortgage Defaults Bloomberg The U.S. Housing and Urban Development Department said it subpoenaed 15 mortgage companies today to seek […]
Miami-Dade County Selling Foreclosures Online Associated Press MIAMI — Miami-Dade County started auctioning foreclosures online Monday, allowing potential buyers to place bids from anywhere in the […]