Borrowers get some legal leverage in CFPB servicing rules zipLogix, Realty Pilot partner to enhance real estate solution CoreLogic: Completed foreclosures fall by 30% Year-to-date, foreclosure inventory is down by 20 percent. Currently, about 2.4 percent of homes with a mortgage are in foreclosure inventory, the lowest level since March 2009. In addition to shrinking foreclosure inventory, CoreLogic also reported steep declines in completed foreclosures and serious delinquencies.2015-02-23T20:57:35Z <![CDATA[FRASER, Mich., Feb. 23, 2015 (GLOBE NEWSWIRE) — zipLogix, a technology company helping real estate professionals improve productivity and efficiency, and BackAgent.Redefault Rates ‘Tragic’, Says Amherst The Norris Group real estate news Roundup 1/11/10 Today’s News Synopsis: The national unemployment rate remained at 10 percent during december. lps reports that 1 in every 7.5 fell into foreclosure or delinquency during November. According to Fitch Ratings, 2009 commercial delinquency rates ended at 4.71%. In The news:
– The Consumer Financial Protection Bureau (CFPB) released a report which found that manufactured-home owners typically pay higher interest rates for their loans than borrowers whose homes were built onsite. The report also found that manufactured-home owners are more likely to be older, live in a rural area, or have lower net worth.
Each morning Sibusisiwe Mhlophe checks the notice board in the Kinsale Road direct provision. arrived in Dublin airport alone seeking asylum from her home country. Every day she wakes up hoping to.
Bank of America admits that it received notice of the bankruptcy filing and even followed procedure and transferred the loan to the bank’s bankruptcy team. One would think that the bankruptcy team would understand the automatic stay. They didn’t. Despite having notice of the bankruptcy filing, the bank did not stop the foreclosure sale.
November 2012: The chancellor, George Osborne, springs a surprise on the City by announcing that Canada’s central bank chief will succeed Mervyn King as governor of the Bank of England. Mark Carney is.
Fannie Mae names winner of second Community Impact Pool of NPLs Fannie Mae announced the winning bidder for its second-ever sale of deeply delinquent non-performing loans (NPLs) on Thursday. this NPL sale by fannie mae includes a smaller Community Impact Pool.
New scheme aims to keep distressed borrowers in their homes. allow families get their lives back and allow them stay in their home.". negotiated between iCare Housing and the bank.
The house was going to a sheriff’s sale when he received a notice from Bollwage about the SUN Program. He promptly applied to BCC, and the nonprofit opened negotiations with his bank. A "very helpful".
FHA temporarily eases guidance on condo approvals Yes, FHA loans for condo buyers and owners have increased, but some portion of that increase is a result of rule changes – rule changes which also raise fha risk. rule Changes. Let’s go back to 2009. HUD enacted several temporary rules which will continue through December 31, 2010. For instance:
Despite Regulations, survivors face foreclosures After Reverse Mortgage Borrower’s death. foreclosure notices for her parent’s home because she was never told her options in resolving the.
Mobile home parks are disappearing at a disquieting pace. The state has tracked more than 73 park closures in the last two decades, amounting to 2,700 homes lost. In the last two years, another 40.
Radian selects Clifford Rossi as chief economist Martin-Artajo’s boss, AchillesMacris, the chief investment officer for Europe and Asia, earnedbillions for the investment office, buying cut-pricemortgage-backed securities in the immediate aftermath of thecrisis.
Meanwhile, a large number of bank loan agreements now favor borrowers over lenders. We think more investors should sit up and take notice. Due to a string of LIBOR pricing scandals, banks will no.
The Foreclosure Process: Two Types of Jurisdictions. The speed with which a bank can foreclose on a borrower varies based on state law.However, there are basically two different types of jurisdictions for foreclosure purposes: power of sale jurisdictions and judicial foreclosure jurisdictions. In over half the states, the prevailing method of foreclosure is non-judicial power of sale foreclosure.