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Tag Archives: Foreclosure

Legacy Loans Remain Problematic As Foreclosures Fall

The pipeline of U.S. homes in some stage of foreclosure continues to decline with approximately 470,000 homes classified as in some state of distress during the month of August, down 25.2 percent from August of 2014, according to CoreLogic’s latest National Foreclosure report.

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Economist: Declining Shadow Inventory Will Not Help Country’s Short Housing Supply

The thin shadow inventory compared with rising home values has caused the share of distressed home sales to drop to single digits. Since there will be fewer properties sold at deep discounts, this will cause home prices to strengthen, Yun said. "It also means that those practitioners who specialize in foreclosures or short-sales need to start thinking about a change in business models to normal home buyers and normal positive-equity home sellers," Yun wrote on the blog.

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Massachusetts Court Rules in Favor of MERS

The Appeals Court of Massachusetts became the latest court to uphold the validity of the assignment of a mortgage by Mortgage Electronic Registration System (MERS) on Friday, according to an announcement from MERSCORP Holdings, parent company of MERS.

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