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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 News

Summary Box: Underwater mortgages in US rise
Washington Post
But 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 PRICES FALLING: Home prices in December hit their lowest point since ...
Michigan 4th in underwater mortgagesDetroit Free Press

Struggling Homeowners $751 Billion Underwater in 4th QuarterThe Atlantic
'Underwater' borrowers tick up as home prices fallSTLtoday.com
Sacramento Bee -CBS MoneyWatch.com (blog) -Coosa Valley News
all 590 news articles »

Selling Real Estate in South Florida – Examiner.com


Mortgage Rates & Trends (blog)

Selling Real Estate in South Florida
Examiner.com
On 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 market works, how to list REO (bank-owned) properties, and how to complete a ...
Banks drag feet on short sales, survey findsLos Angeles Times

Realtors: 43% of 'short sales' fail to closeOCRegister
Realtors' survey: Short sales are rife with issuesSan Diego Union Tribune
Business Wire (press release) -Mortgage Rates & Trends (blog)
all 49 news articles »

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 Times

AARP Sues HUD Over Reverse Mortgage Program Changes
Reverse 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 protections for surviving spouses with reverse mortgages has led to foreclosure of their properties. ...
AARP Sues US Over Effects of Reverse MortgagesNew York Times


all 15 news articles »

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


Mortgage Rates & Trends (blog)

House's Spotlight on Mortgage Financing and Foreclosure Program
Top Wire XS
The committee also looks forward to terminating other programs that aid in the purchasing, selling or renting of foreclosed properties by the federal or local government units. They are also looking into stopping programs that help unemployed people ...
California Mortgage Relief Plan And Loan Modifications Services For Homeowners!Mortgage11

Home Affordable Refinance Program Sees More Refinancing Opportunities For ...Red, White, and Blue Press
New Foreclosure-Prevention Programs Available in 18 States and D.C.WalletPop

all 72 news articles »

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


Reynolds Center

Foreclosure deal could take months to finish
Daily 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 housing market won't fully recover until banks find buyers for those properties. ...
50-state deal over foreclosures nears; criminal prosecutions not ruled outReynolds Center

States Push Banks to Fix Foreclosure ProcessWall Street Journal
Iowa Atty Gen: Trying To Change 'Dysfunctional' Mortgage SystemAutomated Trader
Bloomberg -Daily News Pulse
all 149 news articles »

Bank of America to boost mortgage outreach – Bizjournals.com


Bank of America to boost mortgage outreach
Bizjournals.com
The 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 about a loan modification or other steps to help them stay ...
Bank of America expands outreach to troubled homeownersSan Francisco Business Times

BofA doubles default servicing staff, opening centers across the nationHousing Wire
Bank Of America To Expand Staff For Struggling Homeowners OutreachWall Street Journal
Insurance News Net (press release) -Business Journal of the Greater Triad Area
all 32 news articles »

Bank of America to boost mortgage outreach – Bizjournals.com


Bank of America to boost mortgage outreach
Bizjournals.com
The 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 about a loan modification or other steps to help them stay ...
Bank of America expands outreach to troubled homeownersSan Francisco Business Times

BofA doubles default servicing staff, opening centers across the nationHousing Wire
Bank Of America To Expand Staff For Struggling Homeowners OutreachWall Street Journal
Insurance News Net (press release) -Business Journal of the Greater Triad Area
all 32 news articles »

Bank of America to boost mortgage outreach – Bizjournals.com


Bank of America to boost mortgage outreach
Bizjournals.com
The 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 about a loan modification or other steps to help them stay ...
BofA doubles default servicing staff, opening centers across the nationHousing Wire

Bank of America expands outreach to troubled homeownersSan Francisco Business Times
Bank Of America To Expand Staff For Struggling Homeowners OutreachWall Street Journal
Insurance News Net (press release) -Business Journal of the Greater Triad Area
all 36 news articles »