Foreclosures

Foreclosures

Housing Predictor Rolls Out Annual Forecasts

Destin, FL - December 1, 2010 - (RealEstateRama) -- Housing Predictor, the online real estate research firm is rolling out its annual housing market forecasts for 2011. More than 230 local market forecasts are being issued for the year. All forecasts are annually updated for the New Year and are available to all online visitors for free as part of the company’s efforts to provide real estate forecasts, news and analysis on the housing market in the public interest.

DISB Issues Bulletin Offering Guidance on Saving District Homes Against Foreclosure

Washington, DC - November 30, 2010 - (RealEstateRama) -- The DC Department of Insurance, Securities and Banking (DISB) recently issued a bulletin* to inform licensed residential mortgage lenders and mortgage borrowers of the enactment of a new emergency law requiring mortgage lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.

Attorney General Janet T. Mills Announces Reprieve for Homeowners

November 25, 2010 - (RealEstateRama) -- Attorney General Mills announced progress in her negotiations with GMAC Mortgage LLC and Bank of America regarding their foreclosure practices in Maine. GMAC has agreed that it will temporarily halt sales on homes that have been foreclosed on, pending further talks to resolve the Attorney General’s concerns about the company’s foreclosure procedures

VICE PRESIDENT BIDEN ANNOUNCES NEW INITIATIVES TO HELP HOMEOWNERS, VETERANS, AND WORKERS ACCESS LEGAL...

WASHINGTON, DC - November 22, 2010 - (RealEstateRama) -- At a Middle Class Task Force event today, co-hosted by the Department of Justice’s Access to Justice Initiative, Vice President Biden announced a series of steps designed to help middle class and low-income families secure their legal rights. These actions include strengthening foreclosure mediation programs, helping veterans secure the legal help they need, and making it easier for workers to find a qualified attorney when they believe their rights have been violated.

Vice President Biden Announces New Initiatives to Help Homeowners, Veterans, and Workers Access Legal...

WASHINGTON, DC - November 19, 2010 - (RealEstateRama) -- At a Middle Class Task Force event today, co-hosted by the Department of Justice’s Access to Justice Initiative, Vice President Biden announced a series of steps designed to help middle class and low-income families secure their legal rights. These actions include strengthening foreclosure mediation programs, helping veterans secure the legal help they need, and making it easier for workers to find a qualified attorney when they believe their rights have been violated.

NeighborWorks to Launch Five New E-Learning Courses in 2011

WASHINGTON, D.C. - November 19, 2010 - (RealEstateRama) -- Today NeighborWorks America, the nation’s leading trainer of community development professionals, announced that it intends to add five new e-learning courses to its roster of courses offered through the NeighborWorks online learning center in 2011.

Delinquencies and Loans in Foreclosure Decrease, but Foreclosure Starts Rise in Latest MBA National...

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.13 percent of all loans outstanding as of the end of the third quarter of 2010, a decrease of 72 basis points from the second quarter of 2010, and a decrease of 51 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased one basis point to 9.39 percent this quarter from 9.40 percent last quarter. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure.

Hopeful Signs Emerge in Consumer Spending and Employment According to Fannie Mae’s Economics &...

WASHINGTON, DC - November 18, 2010 - (RealEstateRama) -- Improving financial conditions and recent encouraging signs from the labor market should set the stage for an above-par growth trend by mid 2011, according to the November 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. Despite challenges, including uncertainty on the domestic fiscal policy and international fronts, improvement in economic activity will likely occur at a gradual pace moving into 2011. The economy showed a slight pickup in growth in the third quarter to 2.0 percent at an annualized pace, up from 1.7 percent in the previous quarter, and consumer spending posted the best showing since the end of 2006. Even with stronger than expected economic growth in the third quarter, the group forecasts continued sluggish growth at least through the first quarter of 2011.

Bennet Shares Stories of Struggling Coloradans to Make Case for Foreclosure Changes

Washington, DC - November 17, 2010 - (RealEstateRama) -- Colorado U.S. Senator Michael Bennet today renewed his push to help Colorado families stay in their homes by pressing for more transparency and clarity and a new appeals process in foreclosures.

DODD STATEMENT ON PROBLEMS WITH MORTGAGE SERVICING FROM MODIFICATION TO FORECLOSURE

WASHINGTON, DC - November 17, 2010 - (RealEstateRama) -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) held an oversight hearing investigating problems in the mortgage servicing industry. The Committee heard testimony from state officials, industry executives, and experts in law and consumer protection, and explored how mortgage servicing practices may have prevented modifications and even resulted in unjustifiable foreclosures.

ATTORNEY GENERAL JOINS MULTISTATE REVIEW OF FORECLOSURES

LITTLE ROCK, AR - November 16, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.

MAYORS’ REPORT: FORECLOSURE CRISIS HITS METRO AREAS’ ECONOMIES, SLOWS GDP, JOB GROWTH & TAX...

Detroit, MI – The U.S. Conference of Mayors unveiled today an economic impact report on the foreclosure crisis that forecasts sharp losses in the growth of gross domestic product and projects economic output losses for 361 metro areas -- referred to as gross metropolitan product (GMP).

Foreclosure Activity Up 30% in Third Quarter

RealtyTrac(R) released its Q3 2007 U.S. Foreclosure Market Report, which shows a total of 635,159 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 446,726 properties nationwide during the third quarter, a 30% increase from the previous quarter and an increase of nearly 100% from the third quarter of 2006.

Home Prices Decline, Foreclosures Rise, But Houses Keep Coming

COLLEGE STATION, TX, – Nov. 8, 2007 – With new homes springing up across the country, it is easy to forget that the housing market has fallen on hard times. But economist Dr. Mark Dotzour says the continued construction is simply a matter of survival for home builders.

Consumer Alert — Mortgage Foreclosure Scams

Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts before you pay someone to help you work out your mortgage problems.

Business Real Estate Press Releases

Jewel-Osco in the Chicago MSA

The Boulder Group Arranges Sale of Single Tenant Net Leased Jewel-Osco...

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Jewel-Osco property located at 12803 Harlem Avenue, Palos Heights, IL for $15,500,000.

Recent Gov & Nonprofit Real Estate Press Releases