Items Tagged with 'foreclosure'

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Can your CU become a character in the tale of the improving housing market?

Mortgage defaults are expected to remain elevated until 2016.

Consumers who defaulted only on their mortgages during the recession are far better credit risks on new loans than those who fell behind on multiple credit accounts.

Sales of foreclosed properties dampened U.S. home prices.

Loans modified during the last three quarters are performing substantially better three months after modification, compared to loans modified in earlier periods.

Millions of mortgages have been shipped around the global financial system—sold and resold—without the documents that traditionally prove who legally owns the loans and the properties.

New state statutes likely will lengthen the foreclosure process.

Since the Troubled Asset Relief Program was authorized, the U.S. Treasury Department has initiated a number of efforts under the program, disbursing $385 billion for loans and equity investments, according to testimony by the Government Accountability Office.

Loan modifications and refinancings by Fannie Mae and Freddie Mac increased significantly during the first quarter as the volume of permanent modifications under the Federal Housing Finance Agency’s Home Affordable Modification Program tripled, and refinancings grew steadily.