Lenders and owners are rehabilitating millions of foreclosed properties.
April 1, 2013
Can your CU become a character in the tale of the improving housing market?Read More
Homeowners who receive financial counseling are far less likely to default.
January 21, 2013
Mortgage defaults are expected to remain elevated until 2016.Read More
Mortgage-only defaulters aren’t as risky as you’d think, a TransUnion study says.
May 25, 2011
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.Read More
Don’t expect prices to rebound until the supply of foreclosed properties is exhausted.
March 1, 2011
Sales of foreclosed properties dampened U.S. home prices.Read More
FHFA releases third-quarter foreclosure prevention report.
December 21, 2010
Loans modified during the last three quarters are performing substantially better three months after modification, compared to loans modified in earlier periods.
There's a 60% default rate associated with modified mortgages.
November 15, 2010
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.Read More
New state statutes likely will lengthen the foreclosure process.
November 1, 2010
New state statutes likely will lengthen the foreclosure process.Read More
July 27, 2010
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
June 23, 2010
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.