Articles About Robo-signing
- Author:
- Mike Ochs
- Posted:
- 03.26.2012
Foreclosures Decline, But Expect a Spike Thanks to Banks Settlement
Foreclosure filings declined eight percent in February, the smallest year-over-year decrease since October 2010, as lenders began working through a backlog of seized properties, according to RealtyTrac Inc. A total of 206,900 homes received notices of default, auction or repossession last month, down two percent from January, according to the data firm, which noted that […]
- Author:
- Mike Ochs
- Posted:
- 02.21.2012
As Foreclosures Decline, Federal Government Makes Deal With 49 States
In good news for beleaguered homeowners, the Obama administration announced a $26 billion mortgage settlement, which 49 out of 50 state attorneys general signed on to. The deal won praise from such groups as the Mortgage Bankers Association, the industry trade group for lenders, and the Center for Responsible Lending, a public interest group advocating […]
- Author:
- Mike Ochs
- Posted:
- 12.06.2011
Home Delinquencies Fall; Foreclosures Rise
Fewer borrowers currently are delinquent on their home loans, a Mortgage Bankers Association (MBA) report shows. Curiously, new foreclosures are rising in states like California. This is evidence that the nation still must endure significant pain before the housing crisis finally comes to an end. According to some analysts, the nation is only halfway through […]
- Author:
- Mike Ochs
- Posted:
- 10.11.2011
August Foreclosures Rise 33 Percent Over July
Default notices sent to delinquent U.S. homeowners soared 33 percent in August when compared with July, evidence that lenders are accelerating the foreclosure process after almost one year of delays, according to RealtyTrac, Inc. First-time default notices were filed on 78,880 homes, the highest number in nine months. Total foreclosure filings, which also include auction and […]
- Author:
- Mike Ochs
- Posted:
- 08.29.2011
Foreclosures Appear to Be Stabilizing
Foreclosure filings fell a dramatic 35 percent in July to the lowest level in nearly four years as lenders and state and federal agencies ramped up their efforts to keep delinquent borrowers in their homes, according to RealtyTrac Inc. A total of 212,764 properties received default, auction or repossession notices, the lowest number in 44 […]
- Author:
- Jafer Hasnain
- Posted:
- 10.26.2010
Foreclosure Crisis Requires Creative Thinking
As I caught up on my New York Times reading over the weekend, I was struck by how consuming an issue this foreclosure legal mess has become. It is on the front page, on the Op-Ed page and on the inside. Well summarized in newspapers and well noted in the blogosphere. This issue has progressed […]