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ResCap bankruptcy puts pressure on NY borrowersThe Real Deal New York (blog)New Yorkers struggling through the foreclosure process will experience even more difficulty modifying their loans after Ally Financial's Residential Capital filed for bankruptcy last Monday, the New York Post reported. Declaring Chapter 11 bankruptcy ...and more » |
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HOUSING PRICES ARE STABILIZING: Um, not exactlyOpEdNews("11.8% of all loans at least 30 days past due or in foreclosure," OCHousing News) Bingo. It's all about creating the illusion of a "bottom." That's why the banks are withholding supply so prices start inching upwards convincing potential buyers that ...and more » |
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Borrower's "Show Me The Note" Argument Fails To Halt ForeclosureJD Supra (press release)The borrowers had previously obtained a loan from Quick Loans Funding, Inc. Quick Loans assigned the deed of trust and promissory note to Option One Mortgage Corporation, which later assigned them to FV-1, Inc., which later assigned them to Deutsche ... |
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Falling Foreclosure Rates Hurt Investors, Says ReportNuWire InvestorA report from Foreclosure Radar makes the case that government intervention and the prevention of foreclosures from occurring is hurting investors by keeping people in homes with negative equity that they will never be able to afford, ... |
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The Waltz of the Zombie BanksCounterPunch(“11.8% of all loans at least 30 days past due or in foreclosure”, OCHousing News) Bingo. The banks want to make it appear as though prices have stabilized, because, once they stabilize, then potential buyers will emerge from their bunkers and go on ...and more » |
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3 Consecutive Quarters of Mortgage Employment GrowthMarketWatch (press release)The biggest recruiters were JPMorgan Chase & Co. and Quicken Loans LLC -- both which reported around a thousand hirings. Wingspan Portfolio Advisors reported a gain of roughly 660 jobs. The distressed-loan servicer has thrived during the foreclosure ...and more » |
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Obama, Bank of America may ease foreclosure woesPocono RecordIt's understandable that he doesn't want to cheerlead too much when so many people are out of work and struggling, but he shouldn't be shy about touting news that can help homeowners avoid foreclosure. It's well known that the banks have been derelict ...and more » |
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Decreases seen in mortgage delinquenciesHome Channel NewsThe delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012. Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31, 2012 was 4.4%, ...and more » |
December 4, 2008
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