Tag Archives: Diana Olick

Housing Foreclosures Start to ‘Flare-Up’ Again

In California, foreclosures slowed dramatically last year due to a new law designed to protect homeowners, the California Homeowner Bill of Rights, and due to the $25 billion National Mortgage Settlement with mortgage servicers over so-called “robo-signing” foreclosure paperwork fraud. … Continue reading

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How Sequestration Cuts May Pummel Housing

Sequestration could also hit the nation’s home builders, especially those with a large footprint around Washington, DC and Northern Virginia, like Toll Brothers, which reported a first quarter profit Wednesday, and NVR. “Industry tailwinds look to be gaining steam, but … Continue reading

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Mortgage Recovery Still Rocky

The trouble is, the banks are close to finishing their obligations under the settlement, and the largest, Bank of America, will not continue to offer principal reduction afterward. “The programs then going forward will provide for similar relief, but I … Continue reading

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Attention Mortgage Shoppers, Could Walmart Be Next?

They also want better service and transparency. Although most respondents to the survey showed satisfaction with primary banks (81 percent), many expressed frustration that could push them to find a lending alternative. Top on the list of gripes: “slow execution.” … Continue reading

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Sandy Will Boost Self-Storage Space

It happened after hurricane Katrina, and the expectation is that Sandy will prove no different. “Demand for self-storage rises considerably as homeowners, contractors, and local suppliers set about preparing for reconstruction,” note analysts David Toti and Gaurav Mehta of Cantor … Continue reading

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