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REO Auction Process
Eliminated by CA Firm (sponsored content)
Faced with a swelling inventory of REOs, lenders and servicers are finding
success in utilizing an innovative new auction process from RES Locators that
helps them quickly reduce REO inventory without having to auction properties.
read full article
(free)
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Latest Foreclosure Headlines
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1. Mother of All Settlements - BoA settles with states for $8.4 billion...
Pending foreclosures will be delayed ... their home to foreclosure or are at ... Archives back to 2001. Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide Nonprime and
http://www.mortgagedaily.com/SettlementCountrywide100608.asp
2. BoA Originations Dive - $58 billion Q3 volume | MortgageDaily.com
Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide subscribe | mortgage ads | newsletter | mortgage news feed | contact us | about us | privacy | archives |
http://www.mortgagedaily.com/BoAProduction100608.asp
3. Bailout Bill Now Law - H.R. 1424 signed by president | MortgageDaily.com
enabling its members to accelerate foreclosure prevention activity. House Speaker Nancy Pelosi said in a statement after the Senate's passage Wednesday, "Times of crisis demand
http://www.mortgagedaily.com/BailoutHouse2ndVote100308.asp
4. Originating H4H Loans - HUD issues mortgagee letter 2008-29 | MortgageDaily.com
Coverage of servicing lawsuits and loan servicing technology. Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide Mortgage Fraud News | Mortgage Fraud Blog
http://www.mortgagedaily.com/HopeForHomeowners100208.asp
5. Subprime Reset Defaults Low as Foreclosures Sales Fall - Foreclosure sales...
August, mortgage servicers completed 86,594 foreclosure sales, data released ... August of this year, foreclosure sales total 627,658. Subprime foreclosure sales accounted for 43
http://www.mortgagedaily.com/HopeNowVolume100208.asp
6. Serious Delinquency Climbs as 30-Day Lates Ease - State Foreclosure Prevention...
Looking at just delinquent borrowers, the share in foreclosure ranged from ... made in preventing foreclosures, the empirical evidence ... homeowners face foreclosure without receiving
http://www.mortgagedaily.com/ForeclosureStudy093008.asp
7. Agreement Reached on Bailout - Vote could occur as early as Monday | MortgageDaily...
profit from the plan, providing foreclosure forebearance on acquired loans and ... The bill includes provisions to mitigate foreclosures on mortgages purchased under the plan
http://www.mortgagedaily.com/BailoutUpdate092908.asp
8. Countrywide Forecloses on Wrong Property - State's Supreme Court reduces judgment ...
Court cut in half an award for damages in a wrongful foreclosure case. The court ... to the wrongful foreclosure. The Calabasas, Calif ... proceed with the foreclosure despite knowing of
http://www.mortgagedaily.com/WbskCountrywide092908.asp
9. Foreclosure War Goes On Despite Lost Battle - Recent foreclosure prevention...
Mac calling for a halt to all of their foreclosures for 90 ... delinquent or in foreclosure. The rate of foreclosures for black borrowers ... to be in foreclosure than prime borrowers
http://www.mortgagedaily.com/ForeclosurePrevention092908.asp
10. Lawsuit Alleges Predatory Servicing - Lacet v. Fremont, Litton | MortgageDaily.com
Lacet claims that as the foreclosure proceeded, he faxed proof ... premium charges and cancel the foreclosure action. He also believed the ... offered to forego the foreclosure sale if he paid
http://www.mortgagedaily.com/LawsuitLitton092608.asp
11. GSE Nonprime Performance Disproportionately Bad - FHFA releases metrics on Fannie,...
A mortgages, delinquency and foreclosures would have been cut ... borrowers and loans in foreclosure, was 1.17 percent ... Last year, average monthly foreclosures completed were 6,408
http://www.mortgagedaily.com/GseMetrics092508.asp
12. Borrowers Allege Closing Documents Forged - Stoffels v. GRP, IndyMac...
Stoffels' claims of fraud and initiated foreclosure proceedings. ... against foreclosure. The ... warehouse lending. Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide
http://www.mortgagedaily.com/WbskLawsuitIndymac092408.asp
13. Mortgage Bankers Warn of Cramdown Consequences - MBA sends letter to Congress...
next story back to current headlines Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide Mortgage Servicing News Stories about mortgage servicers, delinquency
http://www.mortgagedaily.com/MbaCramdown092408.asp
14. Bailout Legislation Bogged Down - House Democrats issue draft | MortgageDaily.com
and fulfillment of financial stability, foreclosure prevention and other goals," the draft says. The Treasury's request to be shielded from review of its purchases has been
http://www.mortgagedaily.com/MortgageBailoutHouseDraft092408.asp
15. RMBS Ratings All Bad, CMBS Mixed - Recent MBS ratings activity | MortgageDaily.com
than-anticipated rates of delinquency, foreclosure and REO in ... rates of delinquency, foreclosure and REO being ... rising delinquencies and foreclosures. Moody's downgraded
http://www.mortgagedaily.com/Ratings092208.asp
16. FHA Moves to Prevent 'Buy and Bail' - Rental income excluded from current...
their current residence fall into foreclosure. Federal Housing Commissioner Brian D. Montgomery ... affected should that property result in a foreclosure." But if the loan-to-value on
http://www.mortgagedaily.com/FhaSecondHomes092208.asp
17. IndyMac Modification Update - 1,200 modification offers accepted so far...
Foreclosure filings have jumped to 1. ... of home sales during July were foreclosure resales. She noted the FDIC inherited ... than 60 days or in foreclosure. Around 40,000 delinquent owner
http://www.mortgagedaily.com/IndyMacModifications091708.asp
18. Mortgage Fraud Today - New types of schemes emerge | MortgageDaily.com
It also gives them enough time to escape, because, of course, until foreclosure proceedings start three months or six months down the road on those loans -- they don't even check
http://www.mortgagedaily.com/Fraud091508.asp
19. The Wholesale Wire - Recent wholesale lending activity | MortgageDaily.com
California borrowers with FICO scores down to 300, in bankruptcy or in foreclosure. Loans from $0.1 million to $2.0 million are available in any position up to 60 percent LTV.
http://www.mortgagedaily.com/wholesale091508.asp
20. Regulators Release Bank Servicing Metrics - Bank report on delinquency activity | ...
disproportionate share of defaults and foreclosures at banks, ... is outpacing new foreclosures filed. The report ... second quarter. Excluding foreclosures, loans delinquent at
http://www.mortgagedaily.com/BankServicingMetrics091208.asp
21. Foreclosures Surge - 303,879 filings during August | MortgageDaily.com
August was higher than any month since it began tracking foreclosures in 2005. So ... Vermont had just 18 foreclosures in the latest report ... which had a foreclosure for each 194
http://www.mortgagedaily.com/Foreclosures091208.asp
22. Wells Chief Discusses Tighter Mortgage Lending - John Stumpf presents at Lehman...
The foreclosure rate was 1.06 percent on June 30. At Wells Fargo Financial, none of its portfolio is interest-only, stated-income, option-ARM or negative-amortization. That unit
http://www.mortgagedaily.com/WellsGuidelines091108.asp
23. Hard Money Lender Closes - Charter Bank closes specialty lending unit...
borrowers to utilize funds for foreclosure and bankruptcy bailouts. Stated- ... in Chapter 13, is facing foreclosure or has recently had a foreclosure," Charter stated on its Web
http://www.mortgagedaily.com/ClosureCharterBank091108.asp
24. Foreclosure Litigation - 2nd Quarter 2008 Mortgage Litigation Report from...
Stories about legal settlements, judgments and mortgage class actions. Foreclosure ... litigation, foreclosure lawsuits and cases against foreclosure rescue ... a foreclosure rescue
http://www.mortgagedaily.com/ForeclosureLawsuits090908.asp
25. Bear Servicing Sub Settles for $28 Million - FTC alleges FDCPA, FCPA and Reg Z...
Coverage of servicing lawsuits and loan servicing technology. Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide subscribe | mortgage ads | newsletter |
http://www.mortgagedaily.com/EmcFtcSettlement090908.asp
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