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Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis. . . . → Read More: Foreclosures Move East as Hardest-Hit Markets Clear
A new report came out this morning with a curious headline: “Foreclosure Activity Declines, Hurting Investors.” I read it twice. You would think declines in foreclosure activity would be a good thing, that is, would help, not hurt. Not in this biza… . . . → Read More: Foreclosures Fall…And That’s a Bad Thing?
Builder confidence jumped five points in May, which is a sign that the nation’s homebuilders are feeling far better again, after an unusually warm winter wreaked havoc with the usual traffic and sales trends. . . . → Read More: After a Dip, Homebuilder Sentiment Surges Again
President Obama has visited a “responsible” couple who owe more on their mortgage than their Nevada home is currently worth. But did they act responsibly? . . . → Read More: Obama’s ‘Responsible’ Reno Homeowners: Are They?
The Realtors say it, the home builders say it, and now the chairman of the Federal Reserve is saying it: “Some creditworthy borrowers are still having trouble getting a mortgage.” . . . → Read More: Mortgage Market Still Hampers Housing Recovery
A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America admit that, as they begin mailing 200,000 letters offering certain customers mortgage principal reduction. . . . → Read More: Bank of America Offers Principal Reductions to 200,000 Homeowners
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