Despite state lawmakers’ efforts to curtail home losses, a record number of California foreclosures are now scheduled for sale â€" that’s according to a report released Tuesday by "ForeclosureRadar":http://www.foreclosureradar.com, a...
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National Quick Sale Offers Last-Chance-Option to Avoid Foreclosure
...foreclosure when loan modifications fail to keep defaulting borrowers in their homes.[IMAGE] Called the S.A.F.E. Program â€"" an acronym for Short Sale Alternative to Foreclosure and Eviction â€"" the company...
Read More »REO Management Company Brings Homeownership To Urban Communities
...borrowers helped fuel a multi-year housing boom across the nation, but today, the company says, they are shouldering the largest burden caused by the wave of foreclosures and the mortgage...
Read More »Foreclosures Still Climbing in California
Despite the fact that lenders in California are voluntarily postponing the majority of foreclosure sales - 73 percent, to be exact - ""ForeclosureRadar"":http://www.foreclosureradar.com says its market data reveals a steady...
Read More »Foreclosure Starts Hit One Million
...that foreclosures are costing neighboring families hundreds of billions of dollars and dragging down the entire economy. Foreclosures started today's crisis, and foreclosures will keep the crisis going if this...
Read More »Freddie Mac: ARMs Becoming Obsolete
...economists consider to be the second wave of foreclosures - adjustable-rate mortgages with introductory rates that reset and push mortgage payments beyond homeowners' means. The third and current wave of...
Read More »Congress Focuses on Mortgage Fraud
Sen. Charles E. Schumer (D-New York) ""introduced new legislation"":http://schumer.senate.gov/new_website/record.cfmxid=311654 on Monday that he says will better protect homeowners from the recent wave of housing scams spreading throughout the country. The...
Read More »Making Home Affordable Underway at BofA
""Bank of America"":http://www.bankofamerica.com, which services one out of five mortgages in the United States, announced this week that it has begun processing its first wave of mortgage refinance applications under...
Read More »More Banks Walking Away From Foreclosures
...professor at the Cleveland-Marshall College of Law and an expert on foreclosure law, told the _Times_, ""It [bank walkaways] is what some of us think is the next wave of...
Read More »Refinances Lead MBA to Raise Home Loan Forecast
...bonds, as well as government-led refinance programs underway at ""Fannie Mae"":http://www.fanniemae.com/homepath/homeowners/in_foreclosure.jhtml and ""Freddie Mac"":http://www.freddiemac.com/sell/factsheets/relief_refi.html. Fannie Mae announced last week that the company's refinancing volume jumped to more than $41 billion...
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