Los Angeles Times Can we fix housing by turning foreclosures into rentals?Washington Post (blog)And while the effort might not do much to reduce the number of already vacant homes, it can prevent at least some properties that are currently occupied from being added to the heap of vacant foreclosures. That's what the FHFA is stressing [...]
New Jersey Supreme Court Says Foreclosure Valid Despite Paperwork OmissionForbesThe New Jersey Supreme Court rejected a popular attack on foreclosures, saying that while state law requires the name of the actual lender to be on the paperwork, the lack of that information alone isn't enough to set aside a foreclosure.and more » View full post on [...]
Foreclosures, tax problems surface at Asheville-area Cliffs communitiesAsheville Citizen-TimesAVERY'S CREEK — Land totaling 214 acres and five townhomes at The Cliffs at Walnut Cove are scheduled for foreclosure auctions next month because developer The Cliffs Communities is behind on debt payments. And Buncombe County has sued Cliffs …and more » View full post on foreclosures – [...]
Los Angeles Times Principal reduction isn't ideal fix for foreclosures, official saysLos Angeles TimesLawmakers, especially Democrats, have maintained that the agency needed to direct Fannie and Freddie to write down the mortgage principal on loans that exceeded the value of homes when struggling borrowers were facing foreclosures.Pressure Grows on Fannie and Freddie to Cut Principal [...]
Bloomberg JPMorgan, BofA Strain for Qualified Staff to Clear ForeclosuresSan Francisco Chronicle27 (Bloomberg) — JPMorgan Chase & Co. and Bank of America Corp. told regulators they were straining last year to hire and retain enough qualified people who could clear a backlog of foreclosure complaints. JPMorgan, the largest US bank by assets, …Next wave of [...]
USA TODAY Why More Foreclosures And Falling Home Prices Are A Good ThingForbesBut that might actually be a good thing, according to several analysts who expect foreclosure rates to pick up and help stabilize an ailing market sometime this year. As prices take a turn for the worse, the end of the housing plight might [...]
Los Angeles Times California AG Harris wants halt to foreclosuresBellingham HeraldCalifornia Attorney General Kamala Harris on Monday called on mortgage giants Freddie Mac and Fannie Mae to temporarily suspend all foreclosure sales statewide. In a letter to Federal Housing Finance Agency acting director Edward DeMarco, …California asks that Fannie Mae and Freddie Mac halt foreclosuresLos [...]
Los Angeles Times California asks that Fannie Mae and Freddie Mac halt foreclosuresLos Angeles TimesKamala D. Harris requests the pause in processing foreclosures until the agency regulating the government-controlled mortgage titans has completed an analysis on principal reduction. California Atty. Gen. Kamala Harris Harris' request for a pause by …California Seeks Fannie Mae, Freddie Mac [...]
USA TODAY Government moves to convert foreclosures to rentalsUSA TODAYAP WASHINGTON – The government is looking to sell off some of its stock of homes in foreclosure. By Joe Raedle, Getty Images A foreclosure sign in front of a Miami home. By Joe Raedle, Getty Images A foreclosure sign in front of a Miami home.Gov't [...]
Chicago Tribune US government moves to convert home foreclosures in hardest-hit metro areas to …Washington PostWASHINGTON — The government is looking to sell off some of its stock of homes in foreclosure. The Federal Housing Finance Agency has control over roughly 250000 foreclosed homes owned by Fannie Mae. One percent of those homes, or 2500, [...]
