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 … Continue reading 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
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 percent), … Continue reading Judicial Foreclosure Auctions Elevate Foreclosure Activity by Carrie Bay 11/14/2013
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. With the … Continue reading Economists Surprised by Drop in Consumer Sentiment 11/12/2013 By: Tory Barringer DSNEWS
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 dispossessed legal … Continue reading Safeguard Files Motion to Dismiss Illinois AG Suit 11/12/2013 By: Tory Barringer Printer Friendly View
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 home … Continue reading shortsales101.com Homeowners guide to the short sale of real estate
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 seven … Continue reading Foreclosure vs. Short Sale: What’s Worse for Your Credit?
By Jim Puzzanghera2:06 p.m. CST, November 7, 2013WASHINGTON -- 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 huge upcoming payment, … Continue reading Freddie Mac to pay U.S. $30.4 billion, offsetting bailout cost