There was no final word from Capitol Hill on an extension of the homebuyer tax credit this week, as was expected.
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The number of empty homes in the United States including foreclosures, residences for sale, and vacation properties rose during the third quarter, according to data released by the U.S. Census Bureau Thursday.
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Lenders Asset Management Corporation (LAMCO), a nationwide REO and default management company headquartered in Littleton, Colorado, announced its 20th anniversary Thursday.
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The Homeownership Preservation Foundation (HPF) has asked all HOPE NOW Alliance partners to stop using its housing counseling hotline the well-recognized 888-995-HOPE number on door hangers left behind by field service operatives at homes that may be at risk of foreclosure.
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Legislation was approved by both the House and Senate Thursday that extends the higher loan limits currently in place for mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA).
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U.S. consumers are doing better about paying their mortgages on time, indicating that the worst might be over for financial stress in households.
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Growing problems in commercial real estate won't set off a new banking crisis, Treasury Secretary Timothy Geithner said Friday.
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The House Financial Services Committee passed by a large margin a bill that toughens regulation on credit rating agencies, and for the first time, sets conditions that would allow investors to sue the agencies.
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Neil Barofsky, Congress' special inspector general for the Troubled Asset Relief Program (TARP), makes no bones about his dissatisfaction and frustration with the Treasury's management of the $700 billion purse.
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"Standard & Poor's":http://www.standardandpoors.com Fixed Income Risk Management Services (FIRMS), an analytics and research unit separate from S&P's ratings business, and Santa Ana, California's "Veros Real Estate Solutions":http://www.veros.com have partnered to provide property valuations on loans underlying residential mortgage-backed securities (RMBS).
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"Freddie Mac":http://www.freddiemac.com released the results of its "weekly mortgage interest rate survey":http://www.freddiemac.com/pmms/release.html?week=44&year=2009&display=release Thursday, which showed little change in long-term rates – a good sign for the nation's fragile housing markets.
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"Standard & Poor's":http://www.standardandpoors.com has placed seven mortgage insurance companies on its CreditWatch with negative implications, meaning a downgrade is likely.
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A federal judge ordered Capmark Financial Group this week to push back the deadline it had set to receive bids for its commercial mortgage servicing business.
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The despair and desperation that often accompanies a foreclosure seems to have gotten the best of one California couple but it turned to outright violence when they kidnapped the loan modification consultants they'd hired to help them.
Daniel Weston and Mary Ann Parmelee, aided by three accomplices, are said to have lured loan agents Lamond Dean and Gustavo Canez to a home in Glendale, where they imprisoned the pair, robbed them, and beat them an attack that the Los Angeles Times said involved wooden knuckles and a handgun.
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It looks like another round for David against Goliath as renters appear to have foiled the landmark $5.4 billion 2006 deal for two Manhattan apartment complexes.
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The rate of decline in home prices is slowing so that the bottom of the market is now expected to be reached in March, First American CoreLogic said in its monthly analysis.
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The U.S. Senate's chief Democrat, Majority Leader Harry Reid (Nevada), said Wednesday that his party has reached a consensus to extend the first-time homebuyer tax credit, which is set to expire November 30.
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ProVest, a national process server management company, has opened an office in California to support the state's needs with evictions, litigation, and home retention efforts.
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Mortgage demand took another dive last week, despite moderating mortgage interest rates, according to the Mortgage Bankers Association's (MBA) Wednesday report.
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HomeTelos, a Dallas-based firm that develops Web-based solutions to support the management and marketing of real estate assets, says its Loan Exit Option (LEO) program has demonstrated market success as an effective approach in avoiding foreclosure for borrowers, investors, and mortgage servicers.
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