Archive for January, 2012
Administration Revamps HAMP to Reach More Borrowers
0The Obama administration has announced changes to its flagship foreclosure prevention initiative – the Home Affordable Modification Program (HAMP) – which officials say will expand its reach to more distressed homeowners.
Among More >
BofA Halts Cash-out Refinancing; Letters From the Trenches; Mortgage Hiring Continues
3Hey, if you can’t beat ‘em, join ‘em. I bet many wouldn’t mind making nearly a quarter million a year being a “cutting edge” CFPB regulator – link. Compare that to a story last week in the Wall Street Journal More >
Mitt Romney to Lenders: Take the Loss and Help People Recover, To Government: Get out of the Way
0Presidential hopeful Mitt Romney spent nearly an hour talking to struggling home and business More >
Why it’s time to break up the ‘too big to fail’ banks
0January 18, 2012: 10:56 AM ET
Customers would benefit, the U.S. government would benefit, and – believe it or not – the big banks themselves would do better.
By Sheila Bair, contributor
FORTUNE — America is downsizing. Whether it’s the food we eat, More >
Deutsche Analyst Sounded Alarm When Asked to Alter Numbers
0At a time when mortgage-backed securities were More >
US HUD’s Donovan: ‘Very Close’ To Robo-Signing Settlement
0WASHINGTON –U.S. Housing and Urban Development Secretary Shaun Donovan said Wednesday that a pending settlement of an investigation into More >
JOHN L. O’BRIEN, JR. Register of Deeds Calls for Criminal Action Against the Big Banks, Says they acted like “criminal enterprise”
3NEWS
FOR IMMEDIATE RELEASE Salem, MA January 18th, 2012 Contact: Kevin Harvey 1st Assistant Register 978-542-1724 kevin.harvey@sec.state.ma.usSaying that the time has come for a full scale criminal investigation, Southern Essex District Register of More >
New REO Inventory in 2011 = 804,423 Homes, 1.9 million properties with a foreclosure filing
0RealtyTrac’s year-end report released Thursday shows foreclosure filings – including default, auction, and bank repossession notices – were reported on 1,887,777 U.S. properties in 2011. Of that total, 804,423 homes were taken back More >
