The foreclosure crisis isn’t over, but the pace of growth may finally be slowing down. RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years. » Read more…
Tag Archives: borrowers
Foreclosure rates up by smallest amount in 4 years
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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New wave of foreclosures threatens market
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize. » Read more…
Gov’t unveils plan to shrink some home loans
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans. » Read more…
Fed to sell some of mortgage-backed portfolio-WSJ
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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U.S. Federal Reserve officials have agreed to sell some of the central bank’s $1.1 trillion portfolio of mortgage-backed securities, but many are undecided on how soon or how aggressively to do so, the Wall Street Journal said, citing several people familiar with the matter. » Read more…
April delinquencies fall for ‘Alt-A’ mortgages
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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NEW YORK — Fitch Ratings on Monday said late payments on high-risk residential mortgages known as ‘Alt-A’ loans fell last month for the first time in four years as more borrowers caught up on their payments and modified their loans. » Read more…