Fixing flawed foreclosures could cost lenders billions
http://www.palmbeachpost.com/money/foreclosures/fixing-flawed-foreclosures-could-cost-lenders-billions-1403010.html
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Saturday, April 16, 2011
Article: Fixing flawed foreclosures could cost lenders billions
Fixing flawed foreclosures could cost lenders billions
http://www.palmbeachpost.com/money/foreclosures/fixing-flawed-foreclosures-could-cost-lenders-billions-1403010.html
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Article: Bank of America remains hamstrung by housing market woes | Business | guardian.co.uk
Bank of America remains hamstrung by housing market woes | Business | guardian.co.uk
http://www.guardian.co.uk/business/2011/apr/15/bank-of-america-hamstrung-by-housing
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NYTimes: Rules for Mortgage Servicers Are Criticized as Ineffective
From The New York Times:
Rules for Mortgage Servicers Are Criticized as Ineffective
Fourteen mortgage servicing companies signed consent orders with regulators, promising to do a better job in dealing with delinquent borrowers.
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NYTimes: Broker Fee Rules Take Effect
From The New York Times:
MORTGAGES: Broker Fee Rules Take Effect
Regulators and consumer advocates say borrowers are bound to benefit from the federal rules covering how mortgage brokers are compensated.
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NYTimes: Homework Regulators Aren’t Doing
From The New York Times:
FAIR GAME: Homework Regulators Aren't Doing
A bankruptcy court judge in Louisiana imposes sanctions against Lender Processing Services, which provides payment software to much of the mortgage servicing industry.
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Friday, April 15, 2011
Article: Cost of Homeownership Is More Than Just a Mortgage - HispanicBusiness.com
Cost of Homeownership Is More Than Just a Mortgage - HispanicBusiness.com
http://www.hispanicbusiness.com/finance/2011/4/14/cost_of_homeownership_is_more_than.htm
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Article: Bank of America Attacked In New Report By Activist Group - Courant.com
Bank of America Attacked In New Report By Activist Group - Courant.com
http://www.courant.com/business/hc-seiu-bank-of-america-0415-20110414,0,4059631.story
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NYTimes.com: Hard-Pressed Homeowners Facing Another Financial Threat
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Thursday, April 14, 2011
Article: 5 Celebs Hit Hard By Foreclosure - Manchester News Story - WMUR Manchester
5 Celebs Hit Hard By Foreclosure - Manchester News Story - WMUR Manchester
http://www.wmur.com/r/23132005/detail.html
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Article: Rate on 30-year fixed mortgage rises to 4.91% | KLEW CBS 3 - News, Weather and Sports - Lewiston, ID - Lewiston, Idaho | Business
Rate on 30-year fixed mortgage rises to 4.91% | KLEW CBS 3 - News, Weather and Sports - Lewiston, ID - Lewiston, Idaho | Business
http://www.klewtv.com/news/business/119844944.html
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Article: Lenders ordered to reimburse homeowners for foreclosures
Lenders ordered to reimburse homeowners for foreclosures
http://www.facebook.com/plugins/like.php?href=http://www2.tbo.com/content/2011/apr/13/131721/17-lenders-ordered-to-reimburse-homeowners-for-for/&layout=standard&show_faces=true&width=300&action=recommend&font=arial&colorscheme=light
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Article: Eyes on Wells Fargo in wake of J.P. Morgan - MarketWatch
Eyes on Wells Fargo in wake of J.P. Morgan - MarketWatch
http://www.marketwatch.com/story/eyes-on-wells-fargo-in-wake-of-jp-morgan-2011-04-13?siteid=rss&rss=1
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Article: Credit raters triggered financial crisis: panel - fox59.com
Credit raters triggered financial crisis: panel - fox59.com
http://www.fox59.com/business/sns-rt-business-us-financitre73c8gx-20110413,0,5483243.story
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Article: Feds: Reimburse those with unfair foreclosures
Feds: Reimburse those with unfair foreclosures
http://www.post-gazette.com/pg/11104/1139216-30.stm?cmpid=business.xml
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Article: Processing delays slow foreclosure activity in 1Q | ajc.com
Processing delays slow foreclosure activity in 1Q | ajc.com
http://www.ajc.com/business/processing-delays-slow-foreclosure-909015.html
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NYTimes: Real Estate Funds Defy Housing’s Gravity
From The New York Times:
Real Estate Funds Defy Housing's Gravity
Although home sales continue to slump, real estate funds, which invest in commercial property and multifamily housing, have been on a roll.
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NYTimes: Fed Report Notes That Economy Continues to Improve
From The New York Times:
Fed Report Notes That Economy Continues to Improve
The beige book cited a "steady improvement" in manufacturing, often including hiring, and at least 10 districts reported "slight gains" in consumer spending.
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NYTimes: Naming Culprits in the Financial Crisis
From The New York Times:
Naming Culprits in the Financial Crisis
A Senate panel, after two years of work, assailed "deceptive practices" and called for changes to regulatory and industry practices.
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NYTimes: Report Criticizes Banks for Handling of Mortgages
From The New York Times:
Report Criticizes Banks for Handling of Mortgages
In response to the problems, mortgage servicers have signed consent agreements promising to put in new oversight procedures and make other changes.
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NYTimes: In Financial Crisis, a Dearth of Prosecutions Raises Alarms
From The New York Times:
In Financial Crisis, a Dearth of Prosecutions Raises Alarms
Several years after the financial crisis, no senior executives of major financial institutions have been charged, and a collective government effort has not emerged.
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Wednesday, April 13, 2011
Article: Mortgage rates hold steady | Pittsburgh Business Times
Mortgage rates hold steady | Pittsburgh Business Times
http://assets.bizjournals.com/pittsburgh/news/2011/04/12/mortgage-rates-hold-steady.html
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Article: Seminar addresses foreclosure options | The Daily Times | delmarvanow.com
Seminar addresses foreclosure options | The Daily Times | delmarvanow.com
http://www.delmarvanow.com/article/20110408/BUSINESS/104080306/0/VIDEONETWORK/Seminar-addresses-foreclosure-options?odyssey=nav%7Chead
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Article: Housing still can't find a date for economic recovery dance - Politics | Centre Daily Times - State College, PA | Penn State, Nittany Lions, weather, news, jobs, homes, apartments, real estate
Housing still can't find a date for economic recovery dance - Politics | Centre Daily Times - State College, PA | Penn State, Nittany Lions, weather, news, jobs, homes, apartments, real estate
http://www.centredaily.com/2011/04/12/2644005/housing-still-cant-find-a-date.html
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Article: Tax Day 2011: What's new for homeowners - kotanow.com, KDUH, Scottsbluff, News, Weather and Sports
Tax Day 2011: What's new for homeowners - kotanow.com, KDUH, Scottsbluff, News, Weather and Sports
http://www.kotanow.com/story/14429146/tax-day-2011-whats-new-for-homeowners
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Article: President George W. Bush and economy: Bush defends TARP bailout of Wall Street - baltimoresun.com
President George W. Bush and economy: Bush defends TARP bailout of Wall Street - baltimoresun.com
http://www.baltimoresun.com/news/nation-world/la-na-bush-20110413,0,2932988.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+baltimoresun%2Fnews%2Fnationworld%2Frss2+%28Nation%2FWorld+News%29
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In F.D.I.C.’s Proposal, Incentive for Excessive Risk Remains
For more: http://nyti.ms/ejcH7v
The Federal Deposit Insurance Corporation has proposed rules for clawing back compensation paid to executives of “too big to fail” financial institutions that do, in fact, fail. The rules are disappointingly weak. And because they are watered down, bank executives may again be encouraged to take excessive risks.
For more: http://nyti.ms/ejcH7v
The Federal Deposit Insurance Corporation has proposed rules for clawing back compensation paid to executives of “too big to fail” financial institutions that do, in fact, fail. The rules are disappointingly weak. And because they are watered down, bank executives may again be encouraged to take excessive risks.
Rules for Mortgage Servicers Are Criticized as Ineffective
For more: http://nyti.ms/evRX4k
Hopes back in January that the troubled foreclosure process could be fixed with decisive and simple actions have disappeared with the ice and slush.
For more: http://nyti.ms/evRX4k
Hopes back in January that the troubled foreclosure process could be fixed with decisive and simple actions have disappeared with the ice and slush.
Tuesday, April 12, 2011
Louisville Housing Partnership dedicates new subdivision
For more: http://bit.ly/hf0Wcs
The partnership is developing the housing with part of $5.1 million in federal neighborhood-stabilization funds it received. The subdivision had been in foreclosure before the partnership took it over.
For more: http://bit.ly/hf0Wcs
The partnership is developing the housing with part of $5.1 million in federal neighborhood-stabilization funds it received. The subdivision had been in foreclosure before the partnership took it over.
Article: Fannie Mae brings back REO buyer incentives | Inman News
Fannie Mae brings back REO buyer incentives | Inman News
http://www.inman.com/news/2011/04/12/fannie-mae-brings-back-reo-buyer-incentives?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29
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Article: Bailouts for banks, free markets for us David Weidner's Writing on the Wall - MarketWatch
Bailouts for banks, free markets for us David Weidner's Writing on the Wall - MarketWatch
http://www.marketwatch.com/story/bailouts-for-banks-free-markets-for-us-2011-04-12?siteid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20marketwatch%2Ffinancial%20(MarketWatch.com%20-%20Financial%20Services%20Industry%20News)
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Article: Schneiderman Says Foreclosure Deal Shouldn’t Block State Probes - Businessweek
Schneiderman Says Foreclosure Deal Shouldn't Block State Probes - Businessweek
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Monday, April 11, 2011
Article: WGBH News: One Woman's Foreclosure Fight: Is Victory In Sight?
WGBH News: One Woman's Foreclosure Fight: Is Victory In Sight?
http://www.wgbh.org/News/Articles/2011/4/11/One_Womans_Foreclosure_Fight_Is_Victory_In_Sight.cfm
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New Rules for Mortgage Servicers Face Early Criticism
For more: http://nyti.ms/eNGiVa
Federal banking regulators have not officially imposed their new rules for the top mortgage servicers, but criticism is already being heard. A wide coalition of consumer and housing groups is denouncing the legal agreements, which are likely to be published within a few days.
For more: http://nyti.ms/eNGiVa
Federal banking regulators have not officially imposed their new rules for the top mortgage servicers, but criticism is already being heard. A wide coalition of consumer and housing groups is denouncing the legal agreements, which are likely to be published within a few days.
Mortgage aid offered in Kentucky, Indiana
For more: http://bit.ly/dLl1Ee
Unspent money from the $700 billion federal bank bailout passed more than two years ago will soon go toward mortgage assistance for struggling homeowners in Kentucky, Indiana and 16 other states.
For more: http://bit.ly/dLl1Ee
Unspent money from the $700 billion federal bank bailout passed more than two years ago will soon go toward mortgage assistance for struggling homeowners in Kentucky, Indiana and 16 other states.
Sunday, April 10, 2011
How to Wreck Your Credit Score
For more: http://bit.ly/dXO4s3
Don't underestimate the harm that even one missed mortgage payment can do to your credit score—especially if you had good credit to begin with.
For more: http://bit.ly/dXO4s3
Don't underestimate the harm that even one missed mortgage payment can do to your credit score—especially if you had good credit to begin with.
Key rules on credit scores are changing for lenders
For more: http://bit.ly/gi7Q2K
The promise of a free credit score may no longer be a bait-and-switch marketing ploy.
For more: http://bit.ly/gi7Q2K
The promise of a free credit score may no longer be a bait-and-switch marketing ploy.
Homebuyer credits are tripping up tax returns
For more: http://bit.ly/icfM6S
If you took advantage of the $7,500 first-time homebuyer credit two years ago, you had better remember to include your first repayment of that loan on your 2010 tax return due April 18.
For more: http://bit.ly/icfM6S
If you took advantage of the $7,500 first-time homebuyer credit two years ago, you had better remember to include your first repayment of that loan on your 2010 tax return due April 18.
The Upside of Foreclosure
For more: http://nyti.ms/eQKyR3
It’s 3 p.m., time for a makeshift happy hour in the parking lot of Value Place, an extended-stay motel here in town and a haven for those who have been foreclosed upon. No background check is required; no credit card needed. It’s the housing equivalent of a throwaway cellphone. “And that,” says Elliot Abrams, Room 318, “is why it’s the bomb.”
For more: http://nyti.ms/eQKyR3
It’s 3 p.m., time for a makeshift happy hour in the parking lot of Value Place, an extended-stay motel here in town and a haven for those who have been foreclosed upon. No background check is required; no credit card needed. It’s the housing equivalent of a throwaway cellphone. “And that,” says Elliot Abrams, Room 318, “is why it’s the bomb.”
Banks Are Off the Hook Again
For more: http://nyti.ms/fN9hHB
Americans know that banks have mistreated borrowers in many ways in foreclosure cases. Among other things, they habitually filed false court documents. There were investigations. We’ve been waiting for federal and state regulators to crack down.
For more: http://nyti.ms/fN9hHB
Americans know that banks have mistreated borrowers in many ways in foreclosure cases. Among other things, they habitually filed false court documents. There were investigations. We’ve been waiting for federal and state regulators to crack down.
Real Estate Funds Defy Housing’s Gravity
For more: http://nyti.ms/fHcSVS
THE housing market may be facing a prolonged dip in prices, but for real estate mutual funds the problem is very different: prices that have climbed so much that they may not be sustainable.
For more: http://nyti.ms/fHcSVS
THE housing market may be facing a prolonged dip in prices, but for real estate mutual funds the problem is very different: prices that have climbed so much that they may not be sustainable.
Spraying to Make Yards Green ... but With Paint, Not Water
For more: http://nyti.ms/fcOJLA\
There used to be two kinds of homeowners in this scorching city, those with dazzling green lawns irrigated by sprinklers and those with more natural backyard expanses of rocks, cactuses and desert flora, which required no watering at all.
For more: http://nyti.ms/fcOJLA\
There used to be two kinds of homeowners in this scorching city, those with dazzling green lawns irrigated by sprinklers and those with more natural backyard expanses of rocks, cactuses and desert flora, which required no watering at all.
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