Upcoming Foreclosures - Fannie Mae Foreclosures News

Fannie Mae Foreclosures News

In Tuesday's paper: Gap between foreclosure fillings, sales closing Monday, July 18, 2011 @ 10:19PMForeclosure filings rose last month and so did the number of bank-owned homes and condominiums sold, offering evidence that home sales in the Rock River Valley are still in a slump. HOW TO READ THE FULL STORY
Life on MERS: Archive is at center of mortgage mess Monday, July 18, 2011 @ 6:00PMThis story accompanies a special report on foreclosures which can be seen here:
Peter Boutell, Lending a Hand: Today's mortgage requirements are reasonable Saturday, July 16, 2011 @ 3:52AMSure, compared to just a few years ago, today's qualifications to obtain a mortgage seem strict and unreasonable but a closer look reveals another story.
JPMorgan Chase Profit Jumps Despite Continued Mortgage Woes Thursday, July 14, 2011 @ 12:13PMNEW YORK -- JPMorgan Chase, the second-largest U.S. bank by assets, reported a 13 percent jump in profits, to $5.4 billion, as lending continued to slide, fewer borrowers fell behind on their payments and problems with its mortgage practices again dampened earnings.
CONGRESS: Housing bill gains momentum in the U.S. Senate Thursday, July 14, 2011 @ 11:04AMWASHINGTON - Underwater homeowners who are up to date with their mortgage payments would more easily be able to refinance the terms of their loans under legislation that appears to be gaining traction in the U.S. Senate.
JPMorgan Lists $2.5 Billion of Costs Tied to Faulty Home Lending Thursday, July 14, 2011 @ 9:17AMJPMorgan Chase & Co. listed about $2.5 billion in second-quarter costs tied to cleaning up faulty mortgages and foreclosures as the industry tries to quell concern over lending practices.
Everything is crashing and burning around you: Gaston author takes on financial crisis in 'Black Box Casino' Wednesday, July 13, 2011 @ 5:52PMThis isn’t Truman Capote’s true crime. It’s scarier because we’re all the victims. Robert Stowe England, a product of Gaston County public schools and longtime financial writer, has a real-life thriller headed for bookshelves in September....
Hip-Hop Artists Drop Defaults, Foreclosure Knowledge Wednesday, July 13, 2011 @ 5:35PMWith the news that singer R. Kelly is facing foreclosure, Developments looked at what hip-hop artists have to say about the housing crisis and ones obligations vis-à-vis private property.
Attorneys say flaws mar new isle foreclosure law Wednesday, July 13, 2011 @ 6:50AMAn increasing number of Hawaii attorneys representing mortgage lenders are saying that a new state law intended to help homeowners avoid foreclosure has too many flaws and will go unused.
New York Seeks Data on Bank of America $8.5 Billion Pact Tuesday, July 12, 2011 @ 6:53PMNew York's attorney general is investigating Bank of America Corp's $8.5 billion settlement with investors over losses in mortgage-backed securities, and has sought data from 20 institutional investors that agreed to the accord.
A Huge Problem for New Federal Foreclosure Prevention Efforts Tuesday, July 12, 2011 @ 12:33PMFannie and Freddie, which the government now owns, may refuse to participate
Kenneth R. Harney: Banks eagerly await drop in Fannie Mae, Freddie Mac, FHA loan limits Saturday, July 9, 2011 @ 4:00AMBy Kenneth R. Harney, Special to the Times Friday, July 8, 2011 Banks eager for drop in federal loan limits WASHINGTON — How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-sized loans find themselves in a financing squeeze after Oct. 1, when the limits plunge in key markets ...
Harney: Banks eager to step in after limit on jumbo loans Saturday, July 9, 2011 @ 12:14AMHow big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers...
Bank of America Names Laughlin as New Chief Risk Officer Friday, July 8, 2011 @ 3:51PMBank of America Corp. named Terry Laughlin, currently the top manager overseeing soured loans and foreclosures, as the firm’s next chief risk officer after it earmarked another $20.4 billion to cover bad mortgages.
Gazette.Net: 20 percent down payments on homes would stifle recovery, Maryland agents say Friday, July 8, 2011 @ 6:16AMA proposal by federal agencies to require homebuyers to plunk down 20 percent down payments or pay higher fees and mortgage interest rates would add yet another obstacle to a still “fragile” housing market, Maryland real estate agents and mortgage officers say.
Feds give unemployed a break on foreclosures Friday, July 8, 2011 @ 4:04AMWASHINGTON — The Obama administration is making it easier for out-of-work homeowners to stay in their homes as it tries to revamp its signature but troubled foreclosure-prevention program. Starting Aug.
Housing Horror Show Is Worse Than You Think Friday, July 8, 2011 @ 12:36AMDespite some upbeat news, key housing market statistics point to years of stagnation
FHA delays foreclosures for unemployed Thursday, July 7, 2011 @ 1:46PMThe day after President Barack Obama admitted to mishandling the housing crisis, his administration took steps toward delaying foreclosures on some unemployed Americans.
BofA Deal Could Break Mortgage Market Logjam, BlackRock Says Thursday, July 7, 2011 @ 8:28AMBofA Deal Could Break Mortgage Market Logjam, BlackRock Says
Little-Known Way to Save on Foreclosures Tuesday, July 5, 2011 @ 11:35AMFannie Mae started offering HomePath loans and HomePath renovation mortgages in 2009 to unload the thousands of homes the agency repossesses through foreclosure.
Six Questions For Partner’s Derhake Tuesday, July 5, 2011 @ 5:38AMEL SEGUNDO, CA-From ALTA Surveys to phase 1 environmental assessments , the environmental engineers and consultants at Partner Engineering and Science, Inc.
Housing and mortgage trends in 2011 Tuesday, July 5, 2011 @ 5:00AMEvery three months Bankrate takes a look at what's upcoming in the mortgage market.
Big settlement won't be the last Sunday, July 3, 2011 @ 3:52AMNEW YORK - Bank of America's $8.5 billion settlement with investors is the largest any bank has ever paid.
How Will Hawaii's New Foreclosure Law Affect Real Estate? Saturday, July 2, 2011 @ 2:17PMHow Will Hawaii's New Foreclosure Law Affect Real Estate?
Mixed trends show signs of hope Friday, July 1, 2011 @ 8:01AMCount your blessings. Sure, local home prices are down. Credit is tight. And buyers are getting darned picky as they search for that screaming deal on a new home.
Report: Troubled Mortgages Still Plague Banks Wednesday, June 29, 2011 @ 3:20PMThe nations banks are holding a much higher rate of defaulted mortgages on their books than mortgage giants Fannie Mae and Freddie Mac, according to a report released Wednesday by the Office of the Comptroller of the Currency.
Preeti Vissa: The Housing Crisis: How to Reach Escape Velocity Wednesday, June 29, 2011 @ 2:17PMOne of the biggest is the investors who actually own the bulk of mortgages. What's missing from that line of thinking is the effect on the overall economy.
Bank of America nears $10.5 billion deal to settle securities claims Wednesday, June 29, 2011 @ 1:20PMBank of America is close to finalising a deal to pay $8.5 billion ($10.5 billion) to settle claims by a group of investors that the bank sold them poor-quality mortgage-backed securities that went sour when the housing market tanked,...
Bank of America deal could speed foreclosures Wednesday, June 29, 2011 @ 1:07PMInvestors in bad Bank of America loans won an $8.5 billion settlement Wednesday. Homeowners on the other end of those loans have less to cheer about. By John W Schoen.
Lydia Fisher: "If You Ever Think You're Too Small to Be Effective, You've Never Been in Bed With a Mosquito!" Wednesday, June 29, 2011 @ 11:34AMMany of us see that something deeply wrong has taken place in the making of this most recent financial crisis. We are united in our "humanness," in our being and desire to be treated with justice and human dignity.
Bank of America's $14 Billion Deal: Everything You Need to Know Wednesday, June 29, 2011 @ 10:48AMWhat has the institution agreed to do, and what do these steps mean for those who have something at stake?
Dean Baker: Right to Rent: Will the Obama Administration Finally Fix Housing? Monday, June 27, 2011 @ 9:32PMIt would take a law passed by Congress to create a right to rent for the people losing their home to foreclosure. However, President Obama could unilaterally act to require Fannie and Freddie to go this route.
Goldstein says will take ‘some time’ for housing to recover Monday, June 27, 2011 @ 8:08AMWASHINGTON - Jeffrey Goldstein, the U.S. Treasury Department’s undersecretary for domestic finance, said Friday that it will take “some time” for the housing market to recover from the market’s collapse.
On the House: Remember, house is a shelter, not a savings account Monday, June 27, 2011 @ 12:15AM'Survey by housing group says owning a home still American Dream" Imagine if the news release bearing this headline, from the National Association of Home Builders, reported that no one wanted to own a house.
Our housing should be best in the US, but isn't Sunday, June 26, 2011 @ 9:37PMSince 1971, Alaska Housing Finance Corp. has received $1,369,523,000 from the state of Alaska to fulfill its mission: "to provide Alaskans access to safe, quality, affordable housing."
Vice President Joe Biden Raises Praises Obama While Raising Funds in Ohio Sunday, June 26, 2011 @ 1:58PMCOMMENTARY | Vice President Joe Biden spent the day in the Buckeye State cheerleading for liberal ideals Saturday. Progressive Ohioans who could afford the very expensive admission price could listen to Biden share his pearls of wisdom during a nearly 50-minute speech. The Democratic fundraiser garnered approximately $1.5 million.
Local home sales buck nationwide trend Friday, June 24, 2011 @ 1:06AMNew home sales nationally fell in May by 2 1 percent from April, according to the U S Commerce Department, which released the figures on Thursday
Hawai‘i attorney: Failure of foreclosure law inevitable Sunday, June 19, 2011 @ 3:02AMI told you so.
Indian River Courthouse news Saturday, June 18, 2011 @ 8:57PMContract and Indebtedness
Netroots Panel Demands Action From Obama On Foreclosures Friday, June 17, 2011 @ 7:06PMMINNEAPOLIS -- Neither Congress nor the Obama administration have shown much initiative to fix the nation's deepening foreclosure problem of late, but the issue remains a dominant subject of activist attention and a major source of middle class anxiety.
Tucson man on odd spree of house claiming Friday, June 17, 2011 @ 10:20AMMarshall Home has seized dozens of foreclosed homes, claiming many foreclosures are illegal.
Defining a Safe Mortgage: Has It Gone Too Far? Friday, June 17, 2011 @ 10:00AMHow the “qualified residential mortgage” could change home buying as we know it.
Foreclosure delay, delay, delay Thursday, June 16, 2011 @ 4:14PMOminous numbers from RealtyTrac this week. The online marketplace for foreclosure properties says foreclosure filings in May were 33 percent lower than in May 2010, while, at the same time, the inventory of unsold, repossessed homes went up.
Housing outperforms gold 2-to-1 Thursday, June 16, 2011 @ 3:14PMSAN ANTONIO -- Greetings from the Alamo City.I have joined more than 50 writers, PR professionals and industry insiders gathered here for the National Association of Real Estate Editors' 45th annual conference.Speakers...
Home Builder Sentiment Sours, Falls to Record Low Wednesday, June 15, 2011 @ 10:16AMThe nation's home builders haven't felt this bad about their market since last September.
Home Builder Sales Expectations Fall Back to Record Low Wednesday, June 15, 2011 @ 9:16AMAfter six months of holding steady the National Association of Home Builder's sentiment survey fell three points in June to 13, as builders face not only competition from distressed properties, but rising costs of materials.
Foreclosures might swamp isle courts Wednesday, June 15, 2011 @ 6:47AMOne of the nation's biggest owners of home mortgages has made a move that could add to an already overburdened Hawaii court system's caseload.
Short sale process speeds up amid backlog of transactions Sunday, June 12, 2011 @ 9:16AMWALNUT CREEK, Calif. — When it comes to short sales, the real estate transaction involving a mortgage that is worth more than the home it is tied to has long belied its name as a quick deal.
Polk Foreclosures Saturday, June 11, 2011 @ 10:24PMThese are mortgage foreclosures filed with the civil division of the Circuit Court April 6-21. Names in bold are the subject of or have an interest in the foreclosure action. Lighter names filed the foreclosure action.
Harry Reid to host foreclosure prevention workshop Thursday, June 9, 2011 @ 1:51PMLAS VEGAS (AP) — Senate Majority Leader Harry Reid is hosting a home foreclosure prevention workshop in Reno.