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March 8, 2012

NATIONAL Obama’s Housing Relief Plans for Service members and FHA Borrowers President Obama is announcing two steps that will be taken to assist service members and FHA borrowers, the administration stated in a release today. For the first full news conference of the year, Obama’s agenda includes details on how support will be provided for [...]

May 12, 2011

NATIONWIDE   Foreclosure sales shrink backlog across the country Yes, it’s true that foreclosures are forcing home prices down is most major US cities. But this is the first step to what analysts call ‘housing recovery’: a drop in the glut of home sales in markets hit hardest by foreclosures.Read More.. And the Rate of [...]

January 6, 2011

NATIONWIDE   MOODY’S PREDICTS ANOTHER HARD YEAR FOR BANKS IN 2011 The Mortgage Servicers Outlook published by Moody’s forecasts more troubles ahead for servicers regarding irregularities in foreclosure practices and documentation. More checks of the irregularities servicers have been recently under fire or could allow for definition of just how bad things were, but more [...]

October 14, 2010

NATIONWIDE   Spurt in new home construction reported for August Home buyers in the down-turned housing markets were disappointed that they could not have a brand new home, when they searched the listings. The reason was most obvious – in all the home markets, the never-before flooding of foreclosure properties posed an unfair competition, to [...]