Kraninger: Department of Education refusing to cooperate with CFPB New FHFA working paper reimagines housing crash At the second, a judge told him he would be in jail for 10 years unless he signed a paper saying he would never again engage in LGBT activities, and if the three people who reported him agreed to his release. â??My mother went to them [the three men] crying, and they agreed,â?? he says. â??I couldnâ??t believe I was free.â??He says he’d like to see Kraninger more directly demand that the education department change its guidance to loan servicers and tell them to cooperate with regulators. The CFPB could also take loan servicers to court to get the information it needs., Frotman says.
US property prices increase year on year for first time in 18. – Meanwhile, the latest update from Realty Trac shows that overall foreclosure filings declined 2% from January to February even as foreclosure activity picked up in half of the nation’s major metro areas. In February there were 206,900 foreclosure filings nationwide, down 2% from January and down 8% from a year ago.
Local foreclosure rankings steady and high in January – VEGAS INC – Foreclosure activity nationwide was down 19 percent from January 2011, as banks slowed takeovers of homes with defaulted mortgages while settling a national robosigning probe. But RealtyTrac said foreclosures were expected to pick up now that the deal over robosigning and other mortgage servicing problems had been finalized.
All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. The firm tracks notices for defaults, scheduled home auctions and home repossessions-warnings that can lead up to a home eventually being lost to foreclosure.
Mortgage Risk Index hits series high in January Allocating Between mREIT-Based And Other ETNs In A 15%+ Current Yield Portfolio – However, there are new risk factors. Pay 2X leveraged mortgage reit etn Series B (MRRL). MORL and later MRRL have been the primary instruments by which I have attempted to utilize my longer-term.The cure to zombie foreclosures Why Do Zombie Foreclosures Happen? There are various reasons why a bank might cancel the foreclosure process. The most common cause of zombie proprieties is the location. These foreclosure homes are in low-income areas and the bank isn’t excited to obtain responsibility of a property in such a neighborhood.
· "Foreclosure filings have decreased 23 percent over the past two months after shooting up 40 percent in the first two months of the year," said James J. Saccacio, chief executive officer of RealtyTrac. "While the national foreclosure rate is still higher than it was in any month last year, this two-month downward trend indicates that housing.
· Irvine, Calif.-based RealtyTrac determines the ranking by comparing the number of households in a metro area with the number of foreclosure filings, which include notices of default, auction sale notices or bank repossessions. In all, 72,616 filings on 41,273 properties were reported in the Detroit metro area, which includes Livonia and Dearborn.
Housing Wire: RealtyTrac: Foreclosure Activity Picked Up in 120 Metros. Washington Post: As Sequestration Looms, Contractors Don’t Fret. I would be shocked if these massive cuts to defense go through. shocked. nyt: law Schools’ Applications Fall as Costs Rise and Jobs Are Cut. Naked Capitalism: Mirabile Dictu!
Home RealtyTrac: Many states witness housing reboot as foreclosure. Many states witness housing reboot as foreclosure activity rises.. Foreclosure activity picked up in 120 metros.
Foreclosure filings up 120% 220,000 homes were lost to bank repossessions in the second quarter, and the annual forecast for 2008 will have to be revised upward.
The immediate cause or trigger of the crisis was the bursting of the US housing bubble, which peaked in 2006/2007. Already-rising default rates on "subprime" and adjustable-rate mortgages (ARM) began to increase quickly thereafter.Easy availability of credit in the US, fueled by large inflows of foreign funds after the Russian debt crisis and Asian financial crisis of the 1997-1998 period.