Tag Archives: Delinquencies

As Mortgages Improve, Old Ills Still Hit Big Banks

Posted on May 6, 2013 by sheri

“The five mortgage services that signed the National Mortgage Settlement are legally required to take specific, rigorous, and enforceable steps to protect homeowners,” Attorney General Schneiderman said. “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds … Continue reading →

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Foreclosures Fall Due to New Laws

Posted on February 14, 2013 by sheri

Foreclosure activity fell 28 percent from a year ago nationally, according to a new report from RealtyTrac, but in California, they were down nearly 40 percent. More telling is foreclosure starts, the first notice of a foreclosure filling. In California … Continue reading →

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Fewer Borrowers Are Behind on Mortgages, but for How Long?

Posted on February 12, 2013 by sheri

“The declines in the mortgage delinquency rate will likely be muted for the foreseeable futures as the foreclosure process in some states can take more than 1,000 days,” notes Tim Martin, of TransUnion’s financial services business unit. “It is not … Continue reading →

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Housing Crisis: New Rules Hit Mortgage Servicers

Posted on January 17, 2013 by sheri

The nation’s five largest banks service about half of all mortgages, but recently they have been selling those servicing rights to so-called “specialty servicers,” like Ocwen and Nationstar, whose stocks have been soaring. These companies specialize in delinquent mortgages. The … Continue reading →

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Foreclosures, default notices plunge

Posted on October 2, 2012 by sheri

The deluge is over. Foreclosures and default notices in California and the Bay Area have subsided back to their 2007 levels. Foreclosures are still running about double historical averages, but are a far cry from the sky-high levels during the … Continue reading →

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Americans’ Housing Hope Will Be Dashed, Poll Suggests

Posted on June 20, 2012 by sheri

Too soon? Consumers are optimistic about the U.S. residential real estate market but optimism is outpacing reality, a survey out Wednesday from real estate website Trulia shows. Many people — too many — apparently have visions of moving into well-appointed … Continue reading →

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Under Pressure, FHA Skews to Wealthier Home Buyers

Posted on May 26, 2012 by sheri

The Federal Housing Administration, the government insurer of home mortgages, is often credited with saving the home finance market during the worst of the latest housing crash. When no one else would lend to lower-income borrowers, the FHA stepped in, … Continue reading →

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Southern California housing data signal turnaround

Posted on May 17, 2012 by sheri

Southern California’s housing market showed signs of turning the corner in April as foreclosures made up the smallest share of sales in four years and the region’s median home price increased for the first time since late 2010. Among other … Continue reading →

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Analyst: Calif. banks rebound, grow lending by 8%

Posted on March 15, 2012 by sheri

Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call “Thursday Morning Quarterback.” Here’s his latest installment. … Is the supposed demise of California banking like the … Continue reading →

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Foreclosures down in fourth quarter

Posted on January 28, 2012 by sheri

The number of California homes going into foreclosure dropped in the fourth quarter of 2011 to the second-lowest level in more than four years according to San Diego-based real estate analytics company, DataQuick. Industry analysts speculate that the decline is … Continue reading →

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