Friday, November 22, 2013 LPS: Mortgage Delinquency Rate declined in October, In-Foreclosure Rate lowest since 2008 by Bill McBride on 11/22/2013 08:44:00 AM

According to the First Look report for October to be released today by Lender Processing Services (LPS), the percent of loans delinquent decreased in October compared to September, and declined about 11% year-over-year. Also the percent of loans in the foreclosure process declined further in October and were down 30% over the last year. LPS reported the U.S. mortgage delinquency rate (loans … More Friday, November 22, 2013 LPS: Mortgage Delinquency Rate declined in October, In-Foreclosure Rate lowest since 2008 by Bill McBride on 11/22/2013 08:44:00 AM

Judicial Foreclosure Auctions Elevate Foreclosure Activity by Carrie Bay 11/14/2013

Foreclosure auctions in judicial states rose annually for the 16th straight month in October. RealtyTrac recorded a total of 30,023 scheduled judicial foreclosure auctions nationwide last month, up 10 percent from the previous month and up 7 percent from October 2012. States with the biggest annual increases in scheduled judicial foreclosure auctions included Maryland (+177 … More Judicial Foreclosure Auctions Elevate Foreclosure Activity by Carrie Bay 11/14/2013

Economists Surprised by Drop in Consumer Sentiment 11/12/2013 By: Tory Barringer DSNEWS

  The University of Michigan’s preliminary Index of Consumer Sentiment report shows a drop in confidence for November—and Capital Economics’ Amna Asaf is at a loss to explain why. The index, released jointly by the University of Michigan and Thomson Reuters, fell from 73.2 to a two-year low of 72.0 in the first November report. … More Economists Surprised by Drop in Consumer Sentiment 11/12/2013 By: Tory Barringer DSNEWS

Safeguard Files Motion to Dismiss Illinois AG Suit 11/12/2013 By: Tory Barringer Printer Friendly View

Safeguard Properties LLC filed on Tuesday a motion to dismiss a complaint brought against the company by Illinois Attorney General Lisa Madigan, who has charged Safeguard with illegally evicting homeowners before their foreclosures were finalized.   In her complaint, which was filed in Cook County Circuit Court in September, Madigan alleges that Safeguard “has unlawfully … More Safeguard Files Motion to Dismiss Illinois AG Suit 11/12/2013 By: Tory Barringer Printer Friendly View

shortsales101.com Homeowners guide to the short sale of real estate

The basics you need to know about a short sale. Top 10 questions. Top 10 Frequently Asked Short Sale Questions 1. What is a real estate short sale A real estate short sale is a form of agreement between the seller of a home in the beginning stages of foreclosure and their lender, allowing the … More shortsales101.com Homeowners guide to the short sale of real estate

Foreclosure vs. Short Sale: What’s Worse for Your Credit?

By Barry Paperno May 26, 2013 7:00 AM   More and more underwater homeowners are asking how their credit scores will fare after a short sale or foreclosure — and how the two outcomes compare. It’s a good question, since the homeowner will have to live with the consequences of this decision for at least … More Foreclosure vs. Short Sale: What’s Worse for Your Credit?

Freddie Mac to pay U.S. $30.4 billion, offsetting bailout cost

By Jim Puzzanghera 2:06 p.m. CST, November 7, 2013 WASHINGTON — Freddie Mac, the mortgage finance firm seized by the government in 2008 along with sibling Fannie Mae, will pay the Treasury $30.4 billion in dividends after posting a third-quarter profit and will have more than offset its bailout costs, the company said Thursday. The … More Freddie Mac to pay U.S. $30.4 billion, offsetting bailout cost

Investors’ Home Purchases Total $1 Trillion Since 2011 10/28/2013 By: Krista Franks Brock

Since 2011, investors have purchased more than 950,000 homes; and with 370,000 purchases so far this year, they have already surpassed the number of purchases they made in either of the past two years, according to a new report from RealtyTrac. In total, investors spent $1 trillion on home purchases since 2011, according to RealtyTrac’s … More Investors’ Home Purchases Total $1 Trillion Since 2011 10/28/2013 By: Krista Franks Brock

Does Q3 Uptick in Homeownership Reveal Good News or False Hope? 11/06/2013 By: Krista Franks Brock DSnews,com

The Census Bureau’s announcement Tuesday that the national homeownership rate ticked up slightly in the third quarter of this year has some analysts wondering if this is a turning point for homeownership and others labeling slow household formation as a persistent hindrance to a full housing market recovery. “Today’s data could be interpreted as an … More Does Q3 Uptick in Homeownership Reveal Good News or False Hope? 11/06/2013 By: Krista Franks Brock DSnews,com

Bankruptcy industry getting a taste of its own medicine Improving economy has restructuring firms dealing with own downsizing

  By Aaron Elstein November 3, 2013 12:01 a.m  Crain’s Business When the economy collapsed five years ago, the brigades of bankers and lawyers who specialize in rescuing ailing companies or winding down those beyond salvation prepared for a tsunami of work. Sure enough, corporate bankruptcies doubled, led by names like General Motors and American … More Bankruptcy industry getting a taste of its own medicine Improving economy has restructuring firms dealing with own downsizing