Reverse mortgage and foreclosures– Webisode 2 19 2009

Reverse mortgages are an alternative to going into foreclosure for our senior citizens. The Reverse Mortgage Learning Center, a educational site brought to you by National Future Mortgage Inc. is producing these webisodes to go over reverse mortgages- the process, frequently asked questions and common misconceptions.

BofA Unit’s Utah Foreclosures Illegal, State Says in Letter

BofA Unit’s Utah Foreclosures Illegal, State Says in Letter
A Bank of America Corp. unit conducting home foreclosures in Utah is violating the law, the attorney general said in a letter as individual states advanced their investigations of mortgage servicing.
Read more on BusinessWeek

Foreclosures fall in April amid paperwork issues

Foreclosures fall in April amid paperwork issues
The number of Americans who lost their homes to the bank fell in April as faulty paperwork continued to slow foreclosure activity, which fell to a more than three-year low, a closely watched survey said on Thursday.
Read more on Reuters via Yahoo! News

Hearing on Mortgage Foreclosures: Frank’s Opening

The Financial Services Committee holds a hearing, “Legislative and Regulatory Options for Minimizing and Mitigating Mortgage Foreclosures.” Witnesses include the Secretaries of Treasury, Housing and Urban Development, and Chairman of the Federal Reserve System Ben Bernanke, as well as the heads of Fannie Mae and Freddie Mac. Chairman Barney Frank gives opening remarks.

US foreclosures hit record 2.9m in 2010: analyst

US foreclosures hit record 2.9m in 2010: analyst
WASHINGTON: Banks moved to repossess a record 2.87 million US homes in 2010 as the two-year-old mortgage crisis continued to weigh heavily on the economy, foreclosure specialist RealtyTrac said.
Read more on Channel NewsAsia

Prime U.S. Mortgage Foreclosures Rise to Record on Unemployment

Prime U.S. Mortgage Foreclosures Rise to Record on Unemployment
Foreclosures on prime fixed-rate mortgages in the U.S. jumped to a record in the third quarter as unemployment strained household budgets of the most credit- worthy borrowers.
Read more on BusinessWeek

Mortgage Delinquencies Drop, as Foreclosures Jump

Mortgage Delinquencies Drop, as Foreclosures Jump
The number of seriously delinquent mortgages fell in the second quarter for the first time in more than a year, reflecting a surge in foreclosures and loan modifications.
Read more on Wall Street Journal Blogs

Mortgage Insurance Company are Helping Foreclosures – Pmi

Mortgage Insurance companies as we all know are helping Banks and Homeowners to avoid foreclosures, as surprisingly as it sounds these Mortgage insurance companies will even put some of their own money to help homeowners to make the payments for their homes.

Why do Mortgage insurance companies do willing to put their own money? How can [...]

Property foreclosures rise in June

Property foreclosures rise in June
Property foreclosure rates in Evansville increased during June compared to the same period a year ago — and so have mortgage delinquency rates.
Read more on Evansville Courier & Press

Senate to talk home relief n Lawmakers are set to consider a bill to curb foreclosures.

Senate to talk home relief n Lawmakers are set to consider a bill to curb foreclosures.
Saturday April 24, 2010 PITTSFIELD — The state Senate is gearing up to debate a bill to protect renters and homeowners amid the rising number of
Read more on Berkshire Eagle

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