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Martinez: More pain ahead with foreclosures

Central Florida and other foreclosure-rocked areas must endure the continued pain of even more homes heading for auction sales before the market can stabilize, JPMorgan Chase & Co. exec Mel Martinez told the Orlando Sentinel Monday. [...]

Summary Box: Underwater mortgages in US rise – Washington Post

CBS NewsSummary Box: Underwater mortgages in US riseWashington PostBut that was mostly because more homes had fallen into foreclosure. An estimated 3 million homes will be foreclosed upon this year, according to foreclosure tracker RealtyTrac. HOME PRI… [...]

Selling Real Estate in South Florida – Examiner.com

Mortgage Rates & Trends (blog)Selling Real Estate in South FloridaExaminer.comOn the optimistic side, with fewer realtors in the picture there is less competition among sales agents and greater opportunity for those who understand how the foreclosure m… [...]

Foreclosures still high in Dearborn, Heights

DEARBORN/DEARBORN HEIGHTS — The Great Recession may have already hit bottom, but locally, foreclosures are expected to peak over the next year or two, experts say. [...]

AARP Sues HUD Over Reverse Mortgage Program Changes – Reverse Mortgage Daily

New York TimesAARP Sues HUD Over Reverse Mortgage Program ChangesReverse Mortgage Daily… Litigation and the Washington, DC-based law firm Mehri & Skalet PLLC, allege HUD's abandonment of long-established federal rules and violation of protect… [...]

House’s Spotlight on Mortgage Financing and Foreclosure Program – Top Wire XS

Mortgage Rates & Trends (blog)House's Spotlight on Mortgage Financing and Foreclosure ProgramTop Wire XSThe committee also looks forward to terminating other programs that aid in the purchasing, selling or renting of foreclosed properties by the fe… [...]

Foreclosure deal could take months to finish – Daily Reporter (blog)

Reynolds CenterForeclosure deal could take months to finishDaily Reporter (blog)… homes longer could delay the recovery of the housing market by making potential buyers wary of buying homes in foreclosure, market observers say. They contend the housi… [...]

Bank of America to boost mortgage outreach – Bizjournals.com

Bank of America to boost mortgage outreachBizjournals.comThe bank plans to open four more centers within two months near San Francisco; Los Angeles; Orlando, Fla.; and Washington, DC Customers visiting the centers can meet with BofA representatives abo… [...]

Bank of America to boost mortgage outreach – Bizjournals.com

Bank of America to boost mortgage outreachBizjournals.comThe bank plans to open four more centers within two months near San Francisco; Los Angeles; Orlando, Fla.; and Washington, DC Customers visiting the centers can meet with BofA representatives abo… [...]

Bank of America to boost mortgage outreach – Bizjournals.com

Bank of America to boost mortgage outreachBizjournals.comThe bank plans to open four more centers within two months near San Francisco; Los Angeles; Orlando, Fla.; and Washington, DC Customers visiting the centers can meet with BofA representatives abo… [...]