Tag Archives: Delinquent Mortgages

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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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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New Crop of Foreclosures Is Coming

While fewer Americans are falling behind on their mortgage payments, the huge backlog of already delinquent mortgages is finally making its way through the banking system to foreclosure. Total foreclosure activity rose in the first half of this year from … Continue reading

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Why Drop in Foreclosures Is Bad for Housing Market

In a normal housing market, lack of supply is generally considered a good thing. When demand outweighs supply, home prices rise and homeowners gain equity. Like so many things in this historic economic recovery, that premise doesn’t exactly apply. This … Continue reading

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New FHA Foreclosures Spike

Page 1 of 2 | Next PageShow Entire Article As lenders continue to try to modify delinquent mortgages or offer foreclosure alternatives, like short sales or deeds-in-lieu of foreclosure, the number of loans entering the foreclosure process are falling. So-called … Continue reading

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