U.S. Foreclosure Activity Increases 9 Percent in May. "Our first quarter foreclosure sales report showed that the average price of a pre-foreclosure home was more than $27,000 higher than the average price of a bank-owned home – which quickly adds up given that there have been an average.
Cyber attacks increase for financial services industry Treasury relaxes rules to free-up hafa short sales The U.S. Treasury is trying to make short sale more attractive to lenders and homeowners through the "Home Affordable Foreclosure Alternatives Program" or "HAFA" along with the updated HAFA changes for 2011 and HAFA changes for june 2012 supplemental directive.. What Treasury is trying to do is help streamline the short sale process by suggesting guidelines to the participating lenders.Cyber attacks are in the news practically every day. And as these attacks increase in frequency and complexity, it’s not just "if" your organization will be breached, but "when." To stay ahead of threats, financial services companies need to rethink current approaches to managing cyber risks – many of which are static and outdated.
An analysis of foreclosure activity by. Less than half of all active foreclosures are now tied to loans originated during the last housing bubble, one of several data milestones in this report.
"As this tide recedes the strong economic tide is pushing us to historic sales for our region." Other states with foreclosure rates among the top four highest nationwide posted increases in.
Monday Morning Cup of Coffee: JPMorgan’s $13B mortgage settlement Catarina Benitez-Attorney | The Law Offices of Catarina M. Benitez is a law firm in Fresno, CA practicing in the areas of real estate law, bankruptcy, juvenile law and other matters. We r
residential stratification in American metropolitan areas.. the U.S. – spanning the period of time before, during, and after the recession – to understand. significantly greater for black and other minority families than for similarly positioned white. knowledge of how the surge in foreclosure activity during the 2007 financial.
In 20 of the top 30 metros, more than 80 percent of homes purchased by business buyers were all cash. On the other hand, the cash sales share of condos and co-ops was higher than that of single family homes in 28 of 30 metros (Figure 3).LoanLogics hires David Parker as SVP of product management – LoanLogics, a provider of loan quality management and performance analytics, hired David Parker as senior vice president of product management. In this role, Parker will oversee the vision and.NY Establishes Loss Mitigation, Fair Dealing Duties for Mortgage Servicers (2) Pursue loss mitigation alternatives with the borrower, including a loan modification whenever possible, in accordance with this chapter, and, if the borrower replies, negotiate with the borrower, subject to the mortgage servicer’s lawful duties and obligations under the mortgage servicing contract, if any, to attempt a resolution or workout.
From Foreclosure to Re-Redlining – the U.S. as a result of the crisis in our banking and housing finance system. In each of the five survey cities, foreclosure activity disproportionately affected. California cities are more likely than the national average to be saturated. The same patterns of higher denials in neighborhoods of color held true when looking .