Foreclosures
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SALT LAKE CITY-- Utah will get $1.39 million in a national settlement covering improper home foreclosures. The settlement targets a company called Lender Processing Services. Lender Processing Services President and CEO Hugh Harris said the settlement is a major step in putting past business practices behind the company.
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SALT LAKE CITY-- Utah will get $1.39 million in a national settlement covering improper home foreclosures. The settlement targets a company called Lender Processing Services. Lender Processing Services President and CEO Hugh Harris said the settlement is a major step in putting past business practices behind the company.
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More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report, but not where you might expect; investors should take note.
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WASHINGTON, Jan 31- U.S. lawmakers on Thursday asked bank regulators to turn over documents related to the $8.5 billion settlement that ended a government-mandated review of crisis-era foreclosures, saying transparency was needed to boost confidence in the settlement.
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After improving in 2011, foreclosures ramped up again in 2012, and will likely continue to rise as banks clear out backlogs of distressed loans. More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report from RealtyTrac, reports CNBC's Diana Olick.
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A mortgage analyst says, "The thought is that there are a bunch of homeowners on the fence who haven't refi'd who will all jump in thinking they will miss out. The theory is 100 percent nonsense."
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Signed contracts to buy existing homes fell 4.3 percent in December from the previous month, according to a monthly index from the National Association of Realtors.
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As the Dow approaches 14000 and the S&P 500 is on a tear, stocks of the nation's home builders continue on what looks like an unstoppable trajectory skyward. But is it?
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Credit scores from online mortgage shoppers have increased by four points since Mortgage Marvel.com ran a similar tabulation in 2011.
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"The greatest concern in the market is the inventory situation," said Lawrence Yun, chief economist for the National Associate of Realtors.
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WASHINGTON, Jan 18- HSBC Holdings Plc agreed to pay $249 million to end a case-by-case review of past home foreclosures in the United States, bringing the total payout by banks to resolve related issues to $9.3 billion.
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CNBC's Diana Olick reports the Consumer Financial Protection Bureau is unveiling new rules for mortgage servicers.
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New rules could make mortgage servicing more expensive, especially for those specialty servicers and level the playing field between them and the big bank servicers.
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Foreclosure activity in the United States was at a near six-year low in December and declined over the entire year as the housing market continues to recover.
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NEW YORK, Jan 17- Foreclosure activity in the United States was at a near six-year low in December and declined over the entire year as the housing market continues to recover after foreclosures peaked two years ago.
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*Rules take effect in January 2014. WASHINGTON, Jan 17- The U.S. Consumer Financial Protection Bureau announced new rules for mortgage servicers on Thursday to help prevent the sloppy practices that aggravated the U.S. foreclosure crisis.
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Despite big earnings gains from the big public builders, overall confidence among the nation's home builders took a pause in January.
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For nine straight months, national home prices have been in the positive, and the gains are only getting larger.
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CNBC's Diana Olick explains how "zombie foreclosures" could impact your property value. Shari Olefson, real estate attorney, weighs in.
