Daily Archives: February 21, 2012

Foreclosure Backlogs Persist

Posted on February 21, 2012 by

Robo-signing impacts felt most in judicial foreclosure states By Inman News Inman News®, February 21st, 2012 The improving job market and economy is helping push mortgage delinquencies and foreclosure starts down, but the percentage of loans in the foreclosure process … Continue reading →

Posted in Financing, Market Conditions, Mortgage, Quality of Life | Tagged , | Leave a comment

Is This Market Rigged Against Prudent Buyers?

Posted on February 21, 2012 by

Posted by Scott Van Voorhis February 21, 2012, Boston.com The housing downturn is slowly but surely on its way out here in Greater Boston. OK, in some towns it may take years to get back to 2005/2006 prices. Yet in … Continue reading →

Posted in Home Buying, Home Selling, Market Conditions, Quality of Life | Leave a comment

Will Mortgage Forgiveness Debt Relief Act be Extended?

Posted on February 21, 2012 by

Posted: 21 Feb 2012, KCM Blog Many of our readers have asked whether we believe the Mortgage Forgiveness Debt Relief Act of 2007 will be extended past its current expiration scheduled for the end of the year. As a reminder, … Continue reading →

Posted in Financing, Foreclosure, Market Conditions, Mortgage | Tagged | Leave a comment

Treasury Increases Incentives for Principal Reductions

Posted on February 21, 2012 by

02/20/2012 By: Krista Franks Brock, DSNews.com A recently released Supplemental Directive from Treasury increases incentives for second lien investors when loans receive principal reductions. The increased incentives apply to permanent HAMP modifications with principal reductions through the government’s Principal Reduction … Continue reading →

Posted in Financing, Foreclosure, Market Conditions, Mortgage | Tagged , , , | Leave a comment

Morning Minutes: February 21st

Posted on February 21, 2012 by

GateHouse News Service Posted Feb 21,  2012 Word of the Day Cavalier kav-uh-LEER (adjective) Debonair; marked by or  given to offhand and often disdainful dismissal of important matters – http://www.merriam-webster.com Website of the Day thredUP http://www.thredup.com “Go shopping. In someone … Continue reading →

Posted in Morning Minutes | Tagged , , , , , | Leave a comment

Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

Posted on February 21, 2012 by

02/20/2012 By: Esther Cho, DSNews.com    To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Arkansas), Scott Brown (R-Massachusetts), and … Continue reading →

Posted in Financing, Foreclosure, Market Conditions, Mortgage | Tagged , , , | Leave a comment

Morning Radar: the Rule of Law Loses most in Mortgage Servicing Settlement

Posted on February 21, 2012 by

HousingWire.com, February 21st, 2012 HousingWire’s Morning Radar provides a look at what’s trending across media outlets nationwide. More fallout and questions surround servicing settlement One opinion appearing in The Wall Street Journal Tuesday calls the settlement a shakedown of big … Continue reading →

Posted in Financing, Foreclosure, Market Conditions, Mortgage, Quality of Life | Tagged , , | Leave a comment