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Mortgage
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US Real Estate
Latest Foreclosure Settlement - Whitewash For Banks Or Proof That Banks Are Not Guilty?
By
Donna S. Robinson
| January 9, 2013
Mortgage
,
US Real Estate
Principal Reduction in Loan Mods: Good or Bad?
By
Daniel Doran
| August 9, 2012
Few topics have sparked more debate among housing market watchers than mortgage principal reduction. Its proponents tout debt forgiveness as one of the surest ways to counteract the housing slump. Its critics label it a handout that would cost taxpayers and spur further defaults.
Mortgage
,
US Real Estate
Foreclosure Filings Pick Up Steam
By
Mike Wheatley
| February 20, 2012
January saw the number of foreclosures on the market increase once again, as banks steadfastly work through the huge number of backlogs which resulted from highly publicized cases of foreclosure abuse, according to the latest stats from RealtyTrac.
Mortgage
,
US Real Estate
Foreclosure Process Takes Twice as Long
By
Mike Wheatley
| December 29, 2011
The average length of a foreclosure process has more than doubled since the housing crisis gripped the nation in 2007. Back then, the average length of time for a home to be foreclosed was just 253 days. Now, the average length of a foreclosure process is almost two years – 674 days, to be absolutely precise.
Mortgage
,
Real Estate
,
US Real Estate
Banks To Face Millions Of Foreclosure Reviews
By
Mike Wheatley
| October 6, 2011
An estimated 4.5 million foreclosure cases are set to be reviewed involving both current and former homeowners, with banks set to pay compensation to anyone who is found to have been wronged. Eligibility for the foreclosure reviews - which will be executed as part of a new mandate federal regulators have to the country’s banks […]
Featured News
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Mortgage
,
Real Estate
,
US Real Estate
California Attorney General Pulls Out Of Bank Settlement
By
Mike Wheatley
| October 3, 2011
California’s Attorney General Kamala Harris has announced she is pulling out of multi-state foreclosure practice negotiations which are currently under way with some of the country’s biggest banks, saying she intends to pursue her own investigations in an attempt to reduce foreclosure numbers and reform bank practices. Harris, in a letter to the committee, said […]
Mortgage
,
Real Estate
,
US Real Estate
US Banks Are Still Robo-Signing
By
Allison Halliday
| July 19, 2011
In March the major mortgage lenders in the US said they would stop dodgy foreclosure proceedings which caused such scandals last year, but according to a Reuters investigation many are still continuing to use techniques such as robo-signing. Their investigation has found that many loan providers are continuing to file foreclosure documents that have been […]
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