-
Real Estate News
Denver Real Estate Blogger Categories
Denver Real Estate Blogger Pages
Search Denver Real Estate Blogger
Recent Comments
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
Posted in Real Estate News
Tagged Borrowers, Cfpb, Common Sense, Crediting, Delinquencies, Delinquent Mortgages, Department Of Justice, Director Richard, Enforcement Regime, Exponentially, Federal Regulator, Foreclosure, Mandates, Monthly Statements, Mortgage Servicers, Nationstar, Ocwen, Poor Job, Richard Cordray, State Attorneys
Comments Off
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
Posted in Denver Real Estate News
Tagged Association Of Realtors, Borrowers, Current Sales, Existing Home Sales, Favorable Prices, Fence, Foreclosures, Home Builder, Lenders, March 1, Mortgage Relief, Nahb, National Association Of Home Builders, National Association Of Realtors, National Mortgage, Negative Sentiment, New Home Builders, Principal Reduction, Rutenberg, State Attorneys
Comments Off
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
Posted in Denver Real Estate News
Tagged Association Of Realtors, Big Trouble, Debt Cancellation, Debt Forgiveness, Delinquent Mortgages, Escape Route, Fannie Mae, Fannie Mae And Freddie Mac, Financial Incentives, Foreclosed Properties, Freddie Mac, Home Price Index, Irs, Jamie Gregory, Last Spring, Lobbyist, National Association Of Realtors, Principal Reduction, Relief Act, State Attorneys
Comments Off
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
Posted in Denver Real Estate News
Tagged Bac, Bank Of America, Department Of Justice, Document Processing, Eligible Borrowers, Foreclosure, Investor, Mortgage Assistance, Mortgage Borrowers, Mortgage Payment, Mortgage Reduction, Mortgage Servicers, Mortgages, Negotiation, People, Pilot Program, Principal Reduction, Select Group, State Attorneys, U S Department
Comments Off
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
Posted in Denver Real Estate News
Tagged Bank Owned Properties, Blecher, Delusions, Dollar Settlement, Eradication, Fannie Mae, Fannie Mae And Freddie Mac, Foreclosure Sales, Freddie Mac, Government Intervention, Housing Market, Loss Mitigation, Mark Hanson, Mitigation Activities, Operational Factors, Paralysis, Processing Services, Seasonal Trends, Sporadic Bursts, State Attorneys
Comments Off
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
Posted in Denver Real Estate News
Tagged 12 Months, Bank Repossessions, Brandon Moore, Ceo, Default Notices, Dollar Government, Foreclosure Proceedings, Foreclosure Process, Foreclosures, Fraud, Households, Illinois Indiana, Lenders, Nevada St, Realtytrac, Reprieve, Spike, State Attorneys, Thaw, Wheels
Comments Off
Running Robo-Settlement Numbers
A potential $25 billion settlement between the nation’s four largest banks and the 50 state attorneys general over faulty foreclosure processing is imminent. Or at least it’s closer than it’s been, given that we are now well over a year … Continue reading
Posted in Denver Real Estate News
Tagged Eligible Borrowers, Fannie Mae, Fannie Mae And Freddie Mac, Federal Foreclosure, Fha, Figure 17, Foreclosure Relief, Freddie Mac, Imf, Iowa Attorney General, Last Friday, Mortgage Backed Securities, Mortgage Borrowers, Mortgage Finance, Negotiation Team, Restitution, Settlement Numbers, State Attorneys, Team Leader, Tom Miller
Comments Off
Robo-Reality: Final Foreclosures Fall as Pipeline Swells
The number of new foreclosures in 2011 dropped nearly 40 percent, according to year-end numbers just released by Lender Processing Services; there is, however, little cause for celebration. The fall is largely due to moratoria and process reviews stemming from … Continue reading
Posted in Denver Real Estate News
Tagged Analytics, Billions, Blecher, California Attorney General, Distressed Homeowners, Foreclosures, Judicial Foreclosure, Kamala Harris, Meaningful Enforcement, Moratoria, Mortgage Delinquency Rates, Multistate Settlement, Paperwork, Pipelines, Processing Services, Roadblock, Scandal, State Attorneys, Swells, Year End
Comments Off
New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Settlement
Barely a few days ago, word was that a settlement among state attorneys general and the big banks over faulty foreclosure practice, i.e. “robo-signing”, was imminent. In fact, there was a big meeting on Monday in Chicago to try to … Continue reading
Posted in Denver Real Estate News
Tagged Donovan, Federal Prosecutors, Financial Crimes Unit, Guggenheim Partners, Housing And Urban Development, Housing Market, Iowa Attorney General, Jaret, Mortgage Originations, Naught, Negotiator, Obama, Perelli, Recklessness, Risky Mortgages, Secretary Of Housing And Urban Development, State Attorneys, State Of The Union, State Of The Union Address, Tom Miller
Comments Off