Cities in the Sun Belt states, including California, Florida, Nevada, and Arizona, continued to dominate foreclosure rankings throughout the first half of 2009, accounting for 35 of the 50 highest foreclosure rates among metro areas with a population of 200,000 or more, RealtyTrac reported Thursday.
Read More
A government report released Thursday suggests the recession may be waning, as positive signs in housing and business expenditures have slowed the decline in the U.S. gross domestic product.
Read More
Jonathan L. Engman of Fabrizio& Brook, P.C.":http://www.fabriziobrook.com in Troy, Michigan, has been named vice chairman of the "Oakland County Bar Association's":http://www.ocba.org/ real property committee. Engman has been a member of Michigan's Oakland County Bar Association since 1998. He was nominated by fellow attorneys and subsequently appointed by the board for the vice chairman post.
Read More
State officials have begun mailing letters to Countrywide customers who may be eligible for foreclosure relief payments.
Read More
Congress unanimously passed a bipartisan plan last week to let FDIC-member banks lease real estate-owned properties back to foreclosed homeowners-a move that legislators hope will protect both mortgage lenders and borrowers from the worst effects of the foreclosure crisis.
Read More
The default law firm of Wilson& Associates, headquartered in Little Rock, Arkansas, was recently honored by Lender Processing Services (LPS) with the distinctive LPS Performance Excellence Award at the LPS Attorney Summit in Minneapolis, Minnesota.
Read More
The LOGS Network, a consortium of default-related law firms providing legal and outsourcing solutions for the residential mortgage and consumer credit industries, announced Wednesday that the law firm of Baxter, Schwartz & Shapiro,LLP has joined the network.
Read More
Florida's existing home sales rose in June - the tenth consecutive month that sales activity showed annual gains, according to the latest housing data released by the Florida Association of Realtors (FAR).
Read More
Mortgage interest rates across the board inched up this week, according to a study released Thursday by Freddie Mac.
Read More
The Federal Housing Administration (FHA) unveiled plans Thursday for wider assistance to troubled borrowers of FHA-backed loans, as Congress moved to increase FHA's lending coffers by nearly one-third.
Read More
The number of new applications for home purchases held steady last week, while requests for mortgage refinancing dropped by more than 10 percent, the Mortgage Bankers Association (MBA) reported Wednesday.
Read More
Florida-based Capital Markets Cooperative (CMC), a provider of services to mortgage bankers aimed at reducing risk and maximizing profit in the secondary market, has announced a new strategic alliance with residential mortgage investor Freddie Mac.
Read More
Data through May 2009 released Tuesday by Standard & Poor's show that, although still negative, the annual rate of decline in home prices improved for the fourth consecutive month this year.
Read More
Parsippany, New Jersey-based RedVision, a national provider of real property research solutions, has announced the hiring of Scott Pearson as Arizona state manager.
Read More
Home sales in the Las Vegas region in June climbed to their highest level since December 2006 as more than two-thirds of all buyers in the resale market continued to snap up foreclosures, according to a new report from real estate researcher MDA DataQuick.
Read More
The Obama Administration sent a proposal to Capitol Hill July 15th that would dramatically increase the Securities and Exchange Commission̢¢s oversight of private investment funds, including those that invest in real estate securities.
Read More
Douglas Wilson Companies, a national problem resolution and real estate services firm, has opened a new office in Miami and appointed seasoned commercial real estate lending professional Terri Echarte as regional managing director to lead its South Florida operations.
Read More
Santa Fe, New Mexico-based Strategic Analytics Inc. , a provider of stress testing and forecasting solutions for retail lenders, announced Thursday a partnership with Maryland’s BlackBox Logic, LLC, a provider of loan-level mortgage data and cash flow analysis for securitized mortgage products.
Read More
Wisconsin-based Fiserv, Inc. has published a new analysis of home price trends based on the Fiserv Case-Shiller Home Price Index and data from the Federal Housing Finance Agency (FHFA). The company says the U.
Read More
Florida Attorney General Bill McCollum filed a lawsuit against four related South Florida mortgage companies this week. McCollum alleges that FHA All Day.Com and owner Jason Vitulano, as well as three other affiliated companies, charge up-front fees for loan modification services, purportedly collecting up to $1 million on a monthly basis.
Read More
Do you have a news tip, story idea, or suggestion for DSNews.com or DS News magazine?
Simply e-mail editor@dsnews.com.
Whether you choose to tell us a little about yourself or prefer anonymity, we appreciate your contribution!
