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

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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

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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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Federal Regulators Hit Banks on Mortgage Practices

Page 1 of 4 | Next PageShow Entire Article It’s not the big penalty from the fifty state attorneys general, but it will hit big bank bottom lines in a big way. The Office of the Comptroller of the Currency, … Continue reading

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Home Builders and Foreclosures: If You Can’t Beat ‘Em, Join ‘Em

Page 1 of 2 | Next PageShow Entire Article We didn’t need KB Home’s dismal quarterly earnings release today to tell us that foreclosures are digging home builders into an even deeper hole. We knew that already; this just put … Continue reading

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