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closelinesettle

  1. Shadow inventory of homes in the process of foreclosure could result in further price declines.
  2. RealEstate Business Intelligence says the median price on a pending sale of an existing home in the DC area was up 11.2% from a year earlier
  3. Clogged mortgage pipelines have created headaches for potential borrowers trying to take advantage of low mortgage rates.
  4. Survey by the Federal Reserve found banks less likely to lend to people with credit of 620even with a 10% down pmt, than they were in 2006.
  5. The Census Bureau reported that the number of vacant homes for sale hit 1.65 million units in the first quarter, down 18% from a year ago.
  6. Will renting REO properties lead to a housing recovery?
  7. Will the Consumer Financial Protection Bureau get tough on lenders who under disclose then surprise borrowers at settlement?
  8. New Maryland law boosts mediation to avoid foreclosures.
  9. American International Group Inc. is planning a return to U.S. property investing
  10. HAMP servicers completed 22,260 loan modifications in February, up 24% from the prior month, according to a Treasury Department report.
  11. Is the foreclosure picture brightening?
  12. Hope in HARP!
  13. Short sale fraud getting creative. Know what to look for.
  14. According to the National Association of Realtors, housing sales may be slow, but it’s not because potential buyers can’t afford them. .
  15. Premium reductions for streamline refinancings of pre-June 2009 FHA loans go into effect June 11.
  16. New HARP gives new hope that more underwater mortgages could refinance.
  17. Fannie Mae soliciting private investor bids for REO pilot.
  18. FHA premium hikes expected to slow FHA originations.
  19. Servicers are dealing with 6 million properties where the borrowers are over 30 days late on their payments.