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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
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, homes millbrae, Mandates, Monthly Statements, Mortgage Servicers, Nationstar, Ocwen, Poor Job, Richard Cordray, State Attorneys
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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
Posted in Real Estate News
Tagged Association Of Realtors, Borrowers, Current Sales, Existing Home Sales, Favorable Prices, Fence, Foreclosures, Home Builder, homes millbrae, 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
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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
Posted in 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, homes millbrae, Irs, Jamie Gregory, Last Spring, Lobbyist, National Association Of Realtors, Principal Reduction, Relief Act, State Attorneys
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