Irvine, California-based ""RealtyTrac"":http://www.realtytrac.com, an online marketer of foreclosure properties, said Wednesday that foreclosure filings—which include all default notices, auction sales and bank repossessions—dropped 10-percent between the months of October and...
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NAR Applauds FHA Loan Modernization
...in Long Beach, California. Gaylord added, ""FHA can once again be a leader in providing safe loan products and preventing foreclosures by authorizing lenders to help borrowers who are in...
Read More »ValuFinders Inc. Expands Database of Appraisers
Culver City, California-based ValuFinders Inc., a valuation services provider, has expanded its national database of registered appraisers—which is appropriately titled Appraisal CONCIERGE—to include 9,000 registered appraisal professionals. As a testament...
Read More »MBA Delinquency Survey: Delinquency Rate Hits Record High
...of California and Florida alone have contributed significantly to the national foreclosure statistics. ""Florida and California are the two largest states in terms of mortgages outstanding and are the key...
Read More »San Francisco Mayor Tells Lenders to Focus on Loss Mit
...and the California Bankers Association, have until November 30, 2007, to respond to the mayor's request. Newsom's office is requesting that lenders contact borrowers facing rate resets at least six...
Read More »Foreclosure Activity Up Two Percent
Irvine, California-based ""RealtyTrac"":http://www.realtytrac.com, an online provider of foreclosure data and a marketplace for properties in foreclosure, says foreclosure activity jumped 2-percent in the United States during the month of October....
Read More »REO Management Co. Partners with Fannie Mae
San Diego, California-based New Vista Asset Management, a company that markets and manages REO properties, has partnered with Fannie Mae to promote foreclosures as exciting investment opportunities for first-time and...
Read More »U.S. Mayors Say Foreclosures Equal Fewer Jobs, Lower GDP
...in 2008, ranging as high as 16-percent in California. Consumer spending will slip to 2-percent growth, well below a 3.1-percent gain in incomes. Housing starts will continue to decline until...
Read More »JP Morgan Chase Cuts Subprime-Related Jobs
New York-based ""JP Morgan Chase & Co. Inc."":http://www.jpmorganchase.com is eliminating 100-subprime related jobs within its Ontario, California location, according to a report filed by %{=font-style: italic;}Reuters% News online. Reuters says...
Read More »California Governor Combats Foreclosures
California Governor Arnold Schwarzenegger said this week that his office is working with major loan servicers to stem the recent tide of foreclosures in his state by encouraging work-out solutions...
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