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Tag Archives: State Attorneys
Housing Crisis: New Rules Hit Mortgage Servicers
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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Tagged Borrowers, Cfpb, Common Sense, condos, Crediting, Delinquencies, Delinquent Mortgages, Department Of Justice, Director Richard, Enforcement Regime, Exponentially, Federal Regulator, Foreclosure, homes, Mandates, Monthly Statements, Mortgage, Mortgage Servicers, Nationstar, news, Ocwen, Poor Job, Real Estate, real estate business, Real Estate News, Richard Cordray, State Attorneys, townhomes
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Banks to Pay $8.5 Million in Robo-Signing Settlement
“We support the new approach because it expands the number of borrowers who will receive payment, speeds the delivery of those payments, and will provide support for homeowners still struggling to make payments and encourages continued community stabilization efforts and … Continue reading
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Tagged 5 Million, Bank Of America, condos, Eligible Borrowers, Elijah E Cummings, Federal Reserve, Foreclosure, homes, Housing Market, Lenders, Mortgage, Mortgage Market, Mortgage Servicers, Mortgage Servicing Companies, Neighborhood Assistance Corporation, Neighborhood Assistance Corporation Of America, New Approach, news, Occ, Real Estate, real estate business, Real Estate News, Repo Man, Some Lawmakers, Spokesman, State Attorneys, townhomes, Wrongful Acts
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Builders Bump Up Thanks to Drop in Existing Home Supply
Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high. There are just 2.1 million existing homes for sale, which is a … Continue reading
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Tagged Association Of Realtors, Borrowers, condos, Current Sales, Existing Home Sales, Favorable Prices, Fence, Foreclosures, Home Builder, homes, Lenders, March 1, Mortgage, Mortgage Relief, Nahb, National Association Of Home Builders, National Association Of Realtors, National Mortgage, Negative Sentiment, New Home Builders, news, Principal Reduction, Real Estate, real estate business, Real Estate News, Rutenberg, State Attorneys, townhomes
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Housing Alert: Short Sales May Be in Big Trouble
As lenders plow through a backlog of over five million delinquent mortgages, short sales are becoming an ever more popular escape route. A short sale is when the bank allows a home to be sold for less than the value … Continue reading
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Tagged Association Of Realtors, Big Trouble, condos, Debt Cancellation, Debt Forgiveness, Delinquent Mortgages, Escape Route, Fannie Mae, Fannie Mae And Freddie Mac, Financial Incentives, Foreclosed Properties, Freddie Mac, Home Price Index, homes, Irs, Jamie Gregory, Last Spring, Lobbyist, Mortgage, National Association Of Realtors, news, Principal Reduction, Real Estate, real estate business, Real Estate News, Relief Act, State Attorneys, townhomes
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REGION: Officials warn against fraud in face of massive mortgage settlement
Following a blockbuster mortgage settlement with five major banks earlier this year, prosecutors and real estate professionals met up in San Diego on Thursday to warn against fraud artists who might exploit the accord in order to scam distressed homeowners. … Continue reading
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Tagged Bank Of America, Bank Of America Corp, Bonnie Dumanis, california, California Consumers, California Real Estate, Chase Co, Citigroup Inc, condos, County District Attorney, Distressed Homeowners, Fraud Artists, homes, Jpmorgan Chase, Mortgage Relief, news, Principal Reduction, Procedural Problems, Property Deed, Real Estate, real estate business, Real Estate News, Real Estate Professionals, San Diego County District Attorney, State Attorneys, townhomes, Wayne Bell, Wells Fargo Co, Worth California
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Bank of America Offers Principal Reductions to 200,000 Homeowners
A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America say they will begin mailing 200,000 letters offering certain customers mortgage principal reduction. “If people … Continue reading
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Tagged Bac, Bank Of America, condos, Department Of Justice, Document Processing, Eligible Borrowers, Foreclosure, homes, Investor, Mortgage, Mortgage Assistance, Mortgage Borrowers, Mortgage Payment, Mortgage Reduction, Mortgage Servicers, Mortgages, Negotiation, news, People, Pilot Program, Principal Reduction, Real Estate, real estate business, Real Estate News, Select Group, State Attorneys, townhomes, U S Department
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As Foreclosures Stall Again, Warnings of Housing ‘Paralysis’
In an unexpected reversal, both newly started foreclosures and finalized foreclosures dropped precipitously in February. So-called foreclosure starts fell 15.2 percent month-to-month. Foreclosure sales, the final stage of the process (not sales of already bank-owned properties) fell 19 percent month-to-month, … Continue reading
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Tagged Bank Owned Properties, Blecher, condos, Delusions, Dollar Settlement, Eradication, Fannie Mae, Fannie Mae And Freddie Mac, Foreclosure Sales, Freddie Mac, Government Intervention, homes, Housing Market, Loss Mitigation, Mark Hanson, Mitigation Activities, Mortgage, news, Operational Factors, Paralysis, Processing Services, Real Estate, real estate business, Real Estate News, Seasonal Trends, Sporadic Bursts, State Attorneys, townhomes
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Foreclosures on the Rise Again
After a year-long reprieve from rising foreclosures, the numbers are going up again. One in every 624 U.S. households received a foreclosure filing in January, up 3 percent from the previous month, according to a new report from RealtyTrac. Foreclosure … Continue reading
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Tagged 12 Months, Bank Repossessions, Brandon Moore, Ceo, condos, Default Notices, Dollar Government, Foreclosure Proceedings, Foreclosure Process, Foreclosures, Fraud, homes, Households, Illinois Indiana, Lenders, Mortgage, Nevada St, news, Real Estate, real estate business, Real Estate News, Realtytrac, Reprieve, Spike, State Attorneys, Thaw, townhomes, Wheels
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Median home price falls in Southland
The Southland’s housing market is flooded with cash-rich, bargain-hunting investors snapping up distressed homes and dragging down overall prices — but their presence also indicates the market could be nearing bottom. At $260,000, the region’s median home price was only … Continue reading
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Tagged california, California Properties, California Real Estate, Chief Economist, condos, County Economic Development, Dataquick, Default Notice, Economic Development Corp, Golden State, homes, Housing Market, Impediments, Kleinhenz, Los Angeles County, Median Home Price, Median Price, Mortgage Credit, Natio, news, Real Estate, real estate business, Real Estate News, Realtytrac, Regional Unemployment, Southland, State Attorneys, State Experts, townhomes
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