More Than 40 States Agree on B Foreclosure 'Robo-Signing' Deal Officials from more than 40 states have signed onto a record $ 25 billion settlement with the five biggest banks related to foreclosure abuses including "robo-signing" of documents. For the past year, President Obama has advocated for a mortgage relief … Read more on ABC [...]
Category Archives: News
Why foreclosure investors are double-edged sword for economy
Why foreclosure investors are double-edged sword for economy By Maxine Park, USA TODAY A foreclosure sign outside a house in Tampa. That's what the Obama administration and Federal regulators are currently considering for the thousands of homes currently owned by Fannie Mae, Freddie Mac and the FHA. Read more on USA TODAY How "Occupy Our [...]
Plosser Says He Didn't Back Fed's 2014 Pledge on Interest Rates
Plosser Says He Didn't Back Fed's 2014 Pledge on Interest Rates 1 (Bloomberg) — Philadelphia Federal Reserve Bank President Charles Plosser said he didn't support the central bank's decision last month to extend the time frame for low rates at least through late 2014. “Economic conditions have modestly improved … Read more on BusinessWeek Freddie [...]
Mortgage stretch raises bank costs
Mortgage stretch raises bank costs While the banks remain well funded, senior executives privately concede a slowing housing market as well as pressures across the east coast economy have meant home loan customers are now taking longer than expected to pay down mortgages. Read more on Sydney Morning Herald Clopton Capital Assesses Wholesale Commercial Mortgage [...]
Repossession numbers 'set to increase'
Repossession numbers 'set to increase' The number of cases of individuals who will see their homes repossessed is forecast to increase over the coming 12 months as a result of ongoing inflationary pressures and low pay increases, it has been claimed. Bernard Clarke, communications manager … Read more on Money News Bank capital rules are [...]
In Florida, Romney Seeks to Link Gingrich to Foreclosure Crisis
In Florida, Romney Seeks to Link Gingrich to Foreclosure Crisis … been doing for 15 years” since leaving his House position? “He's been working as a lobbyist, selling influence around Washington. He's been working for Freddie Mac, heard of those guys?” It was a pointed reference, here in the foreclosure capital, … Read more on [...]
Repossession of Ulster homes doubles
Repossession of Ulster homes doubles REPOSSESSION of homes in Northern Ireland has doubled in the last two years, latest figures have revealed. More than 1000 householders and businesses were forced to hand over the keys to their properties in 2011 alone, according to the Department for … Read more on Belfast Newsletter Repossession fear 'causing [...]
Falling property prices only add to conundrum
Falling property prices only add to conundrum The good news is this slowdown is more or less in line with the central government's plan to target inflation and curb soaring property prices by tightening credit. For Australia, the ramifications of a significant slowing of the Chinese economy are … Read more on Sydney Morning Herald [...]
Latest Repossession News
DVB Bank may repossess two Airbus A320 from Kingfisher Airlines SINGAPORE: Germany's DVB Bank SE said it may repossess two Airbus A320 aircraft from troubled Kingfisher Airlines Ltd if the carrier failed to meet its commitment to the lender in due time. The cash-strapped Kingfisher, controlled by flamboyant liquor … Read more on Economic Times [...]
German bank may repossess 2 KF planes
German bank may repossess 2 KF planes SINGAPORE: Germany's DVB Bank has said it may repossess two Airbus A320 aircraft from troubled Kingfisher Airlines if the carrier failed to meet its commitment to the lender in due time. Cash-strapped Kingfisher , controlled by flamboyant liquor baron … Read more on Times of India Real estate [...]