Lawmakers and consumer groups are outraged by the new policy statement written by the Federal Housing Finance Agency (FHFA) regarding the recent mess on foreclosure proceedings. If they had this violent reaction, what more the thousands of homeowners who are facing foreclosures? Perhaps going with the Obama administration’s stand that a foreclosure moratorium in all 50 states is damaging to the Read full article »
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How Is The Commercial Real Estate Faring? Major Indexes Differ.
Statistics are supposedly black and white, but not when it comes to the real estate market. It has always been hard determining the turning points in the real estate market. Now, it has become especially hard since two influential research firms are presenting very different views of the real estate market. Newport Beach, California firm Green Street Advisors, which closely tracks Read full article »
The Gravity Of The Foreclosure Fraud
So we all know that banks have admitted to robo-signing, a process whereby employees sign foreclosure cases without verifying the veracity of the documents. We also know that banks have tried controlling the negative effects by freezing foreclosure sales in most states (and even all for a number of banks). But what we don’t know is that the issue at Read full article »
tags: foreclosure fraud, mortgage fraud
Title Companies Tied Up, No Thanks To Foreclosure Freezing
Banks have recently frozen all foreclosure proceedings to protect homeowners from the robo signing process, which is the process of signing foreclosure documents without checking their veracity. But the recent flurry of mortgage fraud accusations is not only hurting homeowners, but the title companies as well. And title companies are now implementing rules that aim at protecting themselves. Title companies are Read full article »
Mortgage Program Overhaul For TD Bank
The Canadian housing market may be cooling down and property values are rising but this does not mean that people are lining up the banks to get a mortgage on their homes. In fact, because of the stiff competition to get new business, banks are coming up with different strategies and gimmicks to lure in customers. TD Bank, for one, Read full article »
tags: home loans, mortgage
Developer Lifesaver: Apartment Boom Gives Developers More Business
"Another man’s loss may be another man’s gain" – that is exactly what happened between the residential housing market and the apartment industry. Whereas property values are still declining and houses for sale remain in the market for a long time, the apartment industry is gaining more advocates as a shift from house buying to renting happens nationwide. If there’s Read full article »
No Foreclosure Freezing From Wells Fargo
There have been mounting pressure to freeze all foreclosure proceedings in all 50 states until the foreclosure scandal tides over and thorough investigation has been made. The country’s largest bank has heeded to the call and other major financial institutions might follow suit. One major bank though has flat out refused to freeze any foreclosure, saying no such fraud has Read full article »
There Might Be No Foreclosure Moratorium, According To White House Senior Advisor
A lot of things are pointing to blanket stoppage of all home foreclosures: one is the recent move by Bank of America to freeze foreclosures in all 50 states and the other is the upcoming November 2 midterm elections where people will surely think about the reeling economy when they vote. However pressing these two events may be, a top Read full article »
Foreclosure Sales Halted In All 50 States By Bank Of America
The heat is on: after pressure from the Senate and more homeowners, the country’s largest bank gives in. Last Friday, Senate Majority Leader Harry Reid, D-Nevada pleaded to major mortgage servicers and banks to extend the recent foreclosure freezing to all fifty states. According to him, if homeowners in 23 states get a chance at delaying foreclosures, so do those from Read full article »
tags: Bank of America, halt foreclosure
California Pension Withdraws $1 Billion Apartment Portfolio From BlackRock
Today’s real estate market is still trying to recover – values and sales are still down and homeowners are always in danger of foreclosures. This may be why some companies and pension funds are looking at cutting back on losses without sacrificing efficiency and performance. That’s what the largest public pension fund in the United States is aiming Read full article »
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