Tag Archives: HAMP

Foreclosure Deal Deadline Postponed

Posted on February 3, 2012 by admin

The deadline for states to decide whether to join a proposed nationwide foreclosure settlement with banks was delayed to Feb. 6 from Feb. 3, the Iowa Attorney General’s Office said.  States were given more time to evaluate the proposal, which … Continue reading →

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Foreclosure backlog could take “decades” to clear

Posted on December 30, 2011 by admin

The number of seriously delinquent mortgages in the nation’s largest metropolitan areas slowed this year, according to a new study from the Urban Institute. But foreclosures remain a burden on the housing market, prompting the policy research group to call … Continue reading →

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Managing the Wave of Foreclosures Coming

Posted on February 5, 2011 by admin

Reprint from CNBC’s Diana Olick “You can talk all you want of renewed interest in housing, slowly increasing sales and supposed stabilization in prices, but the elephant in the room is slowly growing, and banks, Fannie, Freddie and the government … Continue reading →

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Shadow Inventory Pushes Foreclosures to New Heights

Posted on February 3, 2011 by admin

Two reports from separate credit rating agencies are drawing the same conclusion: Foreclosures will reach new heights this year, even after setting records in 2010.  ”DBRS expects foreclosure filings and completed foreclosures to reach record levels in 2011 as alternatives … Continue reading →

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California Mortgage Applicants Have Highest Credit Scores

Posted on January 20, 2011 by admin

California mortgage applicants have the highest average credit scores in the nation, according to a state-by-state study conducted by Mortgage Marvel, a nationwide online mortgage-shopping service. The average credit score in California is 755, a full 20 points higher than … Continue reading →

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Refi wave cooling off for 2011

Posted on January 11, 2011 by admin

Mortgage refinancings through the Home Affordable Refinance Program known as HARP increased 26% in the third quarter of 2010. Strategists for Fannie Mae and Freddie Mac investors, however, say the spike is likely to be short lived.  Fannie Mae and … Continue reading →

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Obama’s HAMP Falls Short of Goal with Only 700K Helped

Posted on December 15, 2010 by admin

The Obama administration’s signature foreclosure prevention program will help only 700,000 Americans save their homes, according to a scathing report released Tuesday by the Congressional Oversight Panel (COP). The group’s assessment falls far short of the 3 to 4 million … Continue reading →

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Home Prices on the Rise in California

Posted on September 15, 2010 by admin

Home prices are rising in virtually every corner of the state. They’ve climbed for nine consecutive months, and in July posted a 10.4% gain year-over-year. That puts the state’s median price at $315,000 — nearly twice the national median of … Continue reading →

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Top BPO Agent Tells all

Posted on September 6, 2010 by admin

Top BPO Agent Reveals His Secrets Here Bookmark on DeliciousDigg this postRecommend on FacebookBuzz it upShare on LinkedinShare via MySpaceShare with StumblersTumblr itTweet about itBuzz it upSubscribe to the comments on this postPrint for laterTell a friend

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Putting foreclosures on hold will cost lenders

Posted on September 3, 2010 by admin

In a letter sent to servicers, Fannie Mae said it will now review the compensatory fees due to servicers in cases where the government sponsored entity feel servicers are unnecessarily delaying foreclosure.  It says that loans “must not be put … Continue reading →

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