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In Florida town hit hard by foreclosures, neither GOP candidates nor Obama getting much love

joelc — Fri, 27 Jan 2012 18:17:00 GMT

In Florida town hit hard by foreclosures, neither GOP candidates nor Obama getting much love By Associated Press, The Washington Post, January 26, 2012 LEHIGH ACRES, Fla. — At Our Daily Bread Food Pantry, the conversation often centers on real estate...(read more)

Foreclosures made up 20 pct. of home sales in 3Q

joelc — Thu, 26 Jan 2012 19:16:00 GMT

Foreclosures made up 20 pct. of home sales in 3Q By Alex Viega, The Associated Press, January 26, 2012 LOS ANGELES — Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties...(read more)

RealtyTrac: Several economists missed the mark with 2011 projections

joelc — Wed, 25 Jan 2012 17:25:00 GMT

RealtyTrac: Several economists missed the mark with 2011 projections By Kerri Panchuck, HousingWire, January 24, 2012 Every new year brings predictions on how the economy is expected to fare, especially in terms of home sales, prices and gross domestic...(read more)

Bank Foreclosure Deal Reviewed by States as Delaware Drops Out

joelc — Tue, 24 Jan 2012 17:05:00 GMT

Bank Foreclosure Deal Reviewed by States as Delaware Drops Out By David McLaughlin, Bloomberg, January 24, 2012 State attorneys general reviewed a proposed settlement with banks over foreclosure and mortgage- servicing practices that negotiators are pressing...(read more)

Foreclosures: America's hardest hit neighborhoods

joelc — Mon, 23 Jan 2012 17:04:00 GMT

Foreclosures: America's hardest hit neighborhoods By Les Christie, CNNMoney, January 23, 2012 NEW YORK — The housing collapse has dramatically changed the nation's foreclosure landscape. Bill Designed To Help Homeowners Facing Foreclosure...(read more)

Spread Favors 49ers In the Foreclosure Bowl

joelc — Sat, 21 Jan 2012 16:00:00 GMT

Super Bowl XLVI Analysis: Spread Favors 49ers In the Foreclosure Bowl By Joel Cone Staff Writer It took 17 weeks of regular season play to determine the four playoff teams fighting it out in the NFL postseason for the right of passage to what is likely...(read more)

Pace of Home Sales Quickened in December

Octavion — Fri, 20 Jan 2012 16:32:00 GMT

Pace of Home Sales Quickened in December By The Associated Press, Jan 20, 2012 Home sales in the United States rose in December to the highest pace in nearly a year, the National Association of Realtors reported. The gain coincided with other signs that...(read more)

One Million Borrowers May Get Mortgage Writedowns

Octavion — Thu, 19 Jan 2012 16:16:00 GMT

One Million Borrowers May Get Mortgage Writedowns By Margaret Chadbourn, Reuters, Jan 19, 2012 About one million American homeowners would get writedowns in the size of their mortgages under a proposed deal with banks over shady foreclosure practices...(read more)

Strategic Default: Why People Are Ditching Their Mortgages

Octavion — Wed, 18 Jan 2012 16:57:00 GMT

Strategic Foreclosure: Why People Are Ditching Their Mortgages By Douglas French, Christian Science Monitor, Jan 17, 2012 More and more underwater borrowers are deciding it’s time to walk from their mortgage. “Guilt and morality are one side...(read more)

MERS, the Law, and the State

Octavion — Tue, 17 Jan 2012 17:13:00 GMT

The One Bailout America Could Really Use By Kim Clark, CNNMoney, Jan 16, 2012 Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for...(read more)