• Price Tag for Fannie and Freddie Bailout Could Double: FHFA

    Taxpayers’ bill for keeping the nation’s two largest mortgage firms afloat could more than double between now and 2013 should market conditions deteriorate further, according to the companies’ regulator.  The Federal Housing Finance Agency (FHFA) released projections Thursday of how much money Fannie Mae and Freddie Mac might need over the next three years from […]

  • Wells Fargo Posts Q3 Report, Explains Lack of Foreclosure Freeze

    Wells Fargo said Wednesday, October 20, 2010, that it turned a profit of $3.35 Billion for the third quarter ending in September.  The Q3 number was higher than both the $3.06 Billion for the previous quarter and the $3.24 Billion posted a year earlier.  Wells says this past quarter was the  second highest for the […]

  • Seven Million U.S. Mortgages Past Due or in Foreclosure: LPS

    Seven Million U.S. Mortgages Past Due or in Foreclosure: LPS There are 7,018,000 mortgages in the United States that are 30 or more days delinquent or in the process of foreclosure, according to new data from Lender Processing Services (LPS). Of the more than 7 million home loans in the country currently going unpaid, 2,055,000 […]

  • All States to Take Part in Coordinated Foreclosure Investigation

    As reported by DSNews, all 50 states have agreed to cooperate and launch a coordinated investigation of the mortgage servicing industry.  Read the full story by Carrie Bay here; All States to Take Part in Coordinated Foreclosure Investigation.

  • REALTOR® Magazine-Daily News-States Plan to Investigate Mortgage Servicers

    States Plan to Investigate Mortgage Servicers A coalition of attorneys general from as many as 40 states is expected to announce Wednesday the launch of a joint investigation of the mortgage-servicing industry. The attorneys general say they intend to first determine the scale of the problem and correct the issues. Several of them also have […]

  • REALTOR® Magazine-Daily News-Economists Say Housing at Bottom

    Economists Say Housing at Bottom Beacon Economics analyzed home affordability and came away feeling optimistic. Beacon Economics founding principal Christopher Thornberg, whose firm advises a variety of business clients, says the high level of affordability is likely to drive demand and reduce the stock of excess inventory, ultimately resulting in the need for new housing, […]

  • Foreclosure Radar July 2010 Report

    Foreclosure Radar recently published their July 2010 report on the Foreclosure activity in California. You can read the full California Foreclosure Report: DOWNLOAD HERE Highlights from this report: Notices of Trustee Sale fell 18.91% back down to expected levels after a 22% spike last month Cancellations drop 13.75%, a reversal of last months trend, but remain […]