Tag Archives: Paperwork Issues

Own vs. Rent Riles Government Housing Policy

Posted on February 8, 2012 by Loren Bimler

Fannie Mae and Freddie Mac, the mortgage giants under government conservatorship, together owned 182,212 foreclosed properties as of the end of September. While they aggressively market and sell these homes to investors and owner-occupants alike, the numbers are still too … Continue reading →

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Own Vs. Rent Riles Government Housing Policy

Posted on February 3, 2012 by Loren Bimler

Fannie Mae and Freddie Mac, the mortgage giants under government conservatorship, together owned 182,212 foreclosed properties as of the end of September. While they aggressively market and sell these homes to investors and owner-occupants alike, the numbers are still too … Continue reading →

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Federal Housing Finance Agency Under Inspector’s Fire

Posted on September 23, 2011 by Loren Bimler

Given that the conservator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) has been wielding incredible power of late in deciding how much the two mortgage giants can and cannot charge in guarantee fees and whom … Continue reading →

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Paperwork Issues Still Stall Foreclosures

Posted on March 10, 2011 by Loren Bimler

Despite the fact that banks claim they are ramping up repossessions again and refiling foreclosure documents, the numbers don’t appear to prove that. Foreclosure filings fell 14 percent in February month to month and fell 27 percent year over year. … Continue reading →

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JPMorgan Fights Back on Forced Principal Forgiveness

Posted on March 9, 2011 by Loren Bimler

It’s not like we didn’t already know the banks were opposed to forgiving principal on troubled loans, even though they claim they are doing a little of that now. But today CNBC’s Melissa Francis got an earful from JPMorgan Chase’s … Continue reading →

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Protesters Ream State AGs over Foreclosure Settlement

Posted on March 8, 2011 by Loren Bimler

There is no official settlement. There is no multi-billion dollar fund or penalty and there is no word from Federal Regulators as to how the banks will ultimately “fix” the foreclosure paperwork issues. Yet. But a meeting here in DC … Continue reading →

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Mortgage Delinquencies Turn a Corner

Posted on March 6, 2011 by Loren Bimler

Fewer Americans are falling behind on their mortgage payments; in fact, the fewest in two years. Mortgages just one payment past due (30 days) fell to their lowest level since just before the recession began. Is it delays in paperwork … Continue reading →

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