...it certainly won't be caused by an excess supply of foreclosures anytime soon,†O’Toole said. According to ""ForeclosureRadar’s July report"":http://files.foreclosureradar.com/foreclosure-report/July+2010+CA+Foreclosure+Report.pdf, notices of default dipped 4.82 percent compared to the previous...
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As Housing Programs Falter, Administration Weighs New Refinance Plan
...""anemic"" and not even close to putting ""an appreciable dent in foreclosure filings."" The administration has already initiated several refinancing programs in hopes of stemming the nation's foreclosure crisis, but...
Read More »Condo Terminators Completes Florida’s First Mass Short Sale
...this project is expected to lead a wave of ""condominium terminations,"" resulting in mass short sales of failed condominiums and reversions to apartment buildings. A 2007 Florida statute provides an...
Read More »Mortgage Fraud Risk Index Reaches Highest Level Since 2004: Interthinx
...plentiful inventories and the expected release of ""shadow"" foreclosure inventory. Going forward, Interthinx projects that while interest rates remain low, the predominant fraud type will continue to be related to...
Read More »Zenta Launches HAFA-Compliant Short Sale Program
...implemented an end-to-end short sale program that is fully compliant with the administration's Home Affordable Foreclosure Alternatives (HAFA) program. ""Despite all of our success with HAMP and loan modifications, we...
Read More »Foreclosure Starts Up Nearly 20% in California
...and foreclosure sales continues to widen,"" said Sean O'Toole, founder and CEO of ForeclosureRadar. O'Toole says the administration's efforts to slow foreclosures are clearly contributing to delays in the process...
Read More »HUD Addresses Root Causes of Foreclosure Crisis
As mandated by the Housing and Economic Recovery Act of 2008, ""HUD"":http://portal.hud.gov/portal/page/portal/HUD recently released ""a report to Congress"":http://www.huduser.org/Publications/PDF/Foreclosure_09.pdf addressing the root causes of the foreclosure crisis and made recommendations on...
Read More »Idaho and Illinois Attorney Generals Plagued With Mortgage Complaints
...complaints against 10 mortgage modification and foreclosure rescue consultants, and they filed consumer protection lawsuits against two mortgage modification and foreclosure rescue consultants. The division also entered into settlement agreements...
Read More »Mods Make Sense
...and incur the lowest costs when this is the case. Foreclosures, in contrast, are costlyâ€"and it is simply not true that the servicer always recovers its expenses in foreclosures. Foreclosure...
Read More »Freddie Mac Reports $7.8B Loss for Q4
...executive also warned that conditions could worsen with a ""potential large wave of foreclosures"" still expected. Charles E. Haldeman, Jr., Freddie Mac’s CEO, said, the housing recovery remains fragile, with...
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