The Foreclosure Blog

AGs Propose Robo-Signing Settlement – MortgageLoan.com

AGs Propose Robo-Signing Settlement
MortgageLoan.com
Mandatory loan modifications and a fund to help reduce the principal on underwater loans are part of the price the nation's state attorneys general are seeking from mortgage servicers for settling the robo-signing controversy. ...
States Seek to Overhaul Foreclosure ProcessInternational Business Times

States Push Banks to Fix Foreclosure ProcessWall Street Journal
Attorneys General Push for Loan Reductions, Seek Bank AccordBloomberg
Los Angeles Times -Mortgage Rates & Trends (blog) -Reynolds Center
all 152 news articles »

Local foreclosures drop in February – Arizona Daily Star

Local foreclosures drop in February
Arizona Daily Star
High unemployment and the number of homeowners who owe more than their house is worth are continuing to spur foreclosure activity, Blomquist said. At the other end of the foreclosure process, the number of properties sold at auction increased 28 ...
Foreclosures: Buying Foreclosed HomesStock Markets Review

all 3 news articles »

Las Vegans Warned Of Loan Mod Scams – KVVU Las Vegas

Las Vegans Warned Of Loan Mod Scams
KVVU Las Vegas
LAS VEGAS -- Homeowners facing foreclosure who aren't eligible for the state's new Mortgage Assistance Program should be wary of loan modification scams and report them to the Nevada Attorney General's Office. The attorney general issued a warning on ...
Homeowner alert to avoid loan modification scammersKTNV Las Vegas

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States’ Settlement with Banks Pushes Mortgage Modifications by Daniel Indiviglio – The Atlantic (blog)

States' Settlement with Banks Pushes Mortgage Modifications by Daniel Indiviglio
The Atlantic (blog)
But the document also calls for banks to make more mortgage modifications to prevent foreclosures. Cheyenne Hopkins from American Banker has a really good cheat sheet on the hard-to-read settlement. She explains many of the demands that the states have ...
By the Numbers: A Revealing Look at the Mortgage Mod MeltdownProPublica

Around the WebHousing Wire
Getting A California Home Loan Modification Approval Under The HAMP PlanPR-USA.net (press release)
Red, White, and Blue Press -LoanRateUpdate (press release)
all 11 news articles »

Local foreclosures drop in February

Fewer distressed property owners in Pima County received notice their loans were in default last month than in any month since July 2008.

Foreclosures: Which arrested development site is the…

Which arrested development site is the one to watch? That would be 953-961 First Avenue (at 53rd Street), where the Alexico Group planned to build a 161-unit luxury rental building called the Oliver. Check out the big names trying to...

Michigan 4th in underwater mortgages – Detroit Free Press

CBS News

Michigan 4th in underwater mortgages
Detroit Free Press
Michigan ranked fourth nationwide for the number of homeowners with mortgages that owe more on their homes than they are worth as home prices continue to decline and foreclosures remain at elevated levels. Data out today from CoreLogic, a Santa Ana, ...
"Underwater" borrowers tick up as home prices fallSTLtoday.com

New CoreLogic® Data Shows 23 Percent of Borrowers Underwater with $750 Billion ...Sacramento Bee
States With the Strongest and Weakest Housing MarketsCBS MoneyWatch.com (blog)
Coosa Valley News -Zacks.com -Mortgage Rates & Trends (blog)
all 466 news articles »

States Seek to Overhaul Foreclosure Process – International Business Times

Plain Dealer

States Seek to Overhaul Foreclosure Process
International Business Times
Under the proposal, if borrowers successfully made three payments in the trial modification, they would then be granted a permanent mortgage modification. If a mortgage modification was denied, the borrowers' situation would automatically be reviewed ...
States Push Banks to Fix Foreclosure ProcessWall Street Journal

Attorneys General Push for Loan Reductions, Seek Bank AccordBloomberg
Foreclosure paperwork inquiry nearer to end, but settlement is far offLos Angeles Times
New York Times -ABC News (blog) -Reynolds Center
all 150 news articles »

Builders Promote New Homes vs. Foreclosures – International Business Times

International Business Times

Builders Promote New Homes vs. Foreclosures
International Business Times
On the home builder's Web site, they are featuring a special page devoted to “Buying a New Home vs. a Foreclosed Home,” which outlines the benefits of new construction, such as home warranties, energy efficiency, and customized options.
Home Show turnout stark contrast to Kingsport new home permit performanceKingsport Times News

all 3 news articles »

Mortgage services paid for but not received – Minneapolis Star Tribune (blog)

Mortgage services paid for but not received
Minneapolis Star Tribune (blog)
Todd Jacobson and his firm, LMS and Associates of St. Louis Park, billed 105 clients up to $2995 for mortgage modification services they did not receive, the order said. He then reneged on a money-back guarantee. Jacobson filed a false license ...

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