...in the foreclosure pipeline is both substantial and growing, and McCarthy warns that the resulting ""shadow inventory"" of REO that banks and mortgage companies are likely to place on the...
Read More »Search Results for: foreclosure wave
Lenders Cancel 40% More Foreclosures in California: Report
...distressed homeowners and servicers who've been bullied by both the government and the media for not doing enough. A new report from ""ForeclosureRadar.com:http://www.foreclosureradar.com, a local company that tracks every foreclosure...
Read More »Loan Resets Projected to Cause Mortgage Crisis in 2010
...amortized balances. ""Recasting will undoubtedly lead to another wave of foreclosures as payments begin to double and triple,"" Alayon said. ""When principal balances go up and house values continue to...
Read More »Residential Prices Still Falling, IAS Reports
...level. McCarthy warns that the home-price slide could continue as rising unemployment causes more Americans to fall behind on their mortgage payments and end up in foreclosure. ""There is potential...
Read More »Delinquencies, Foreclosures at Record Highs, with Shadow Inventories Looming: LPS Report
...Jacksonville, Florida's ""Lender Processing Services"":http://www.lpsvcs.com (LPS) shows that mortgage delinquencies and foreclosures remain alarmingly elevated.[IMAGE] The company's ""October Mortgage Monitor"":http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx report also cites large ""shadow"" foreclosure and REO inventories. The...
Read More »California AG Calls on Lenders to Outline Option ARM Modification Plans
...""Attorney General Jerry Brown"":http://ag.ca.gov/newsalerts/release.php?id=1828 said. ""Unless these banks and loan servicers act quickly, hundreds of thousands of mortgages will reset across the state, creating a new wave of foreclosures."" In...
Read More »Foreclosure Hot Spots Claim New Metros: RealtyTrac
...much of that first wave of foreclosures, high unemployment and exotic Alt-A Option ARMs are spreading the foreclosure flood to more metro areas in 2009,"" commented James J. Saccacio, CEO...
Read More »Property Valuation Fraud is Industry’s Highest-Risk Area: Report
...of foreclosure activity, but the most striking trend over the past year, the company says, is the increasing geographic concentration of mortgage fraud risk. Despite relatively small variations on the...
Read More »Loan Vesting Plan Sparks Renewed Interest as Foreclosures Soar
...the COP, the current housing relief efforts lack scope, scale, and permanence because they leave out many homeowners, cannot keep up with the wave of foreclosures, and have yet to...
Read More »HAMP Delaying Foreclosures in California, but Not Cancelling Them Yet
The government's program to modify mortgage loans has clearly led to foreclosures being postponed in California, but they have not yet been cancelled pending trial period results, according to "ForeclosureRadar's":http://www.foreclosureradar.com...
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