Housing Market Lessons from Around the World The global financial crisis, which originated in US housing and finance markets, has kindled interest in housing markets worldwide. How did housing in other countries fare? How did policymakers deal with the impact of the spreading crisis? Read more on UC Berkeley (blog) Even in Today's Housing Market, [...]
Category Archives: News
Mortgage to Lease: Good for Borrowers, Better for Banks
Mortgage to Lease: Good for Borrowers, Better for Banks For Bank of America (NYSE: BAC ) , the pioneer of this new idea, it could become a very lucrative alternative to the standard home-repossession procedure. Bank of America recently announced its new program, called Mortgage to Lease, which will be … Read more on Motley [...]
Could Mortgage Rates Go Even Lower?
Could Mortgage Rates Go Even Lower? By Dan Caplinger | More Articles At least when it comes to low rates, mortgage borrowers have never had it so good. But with millions of homeowners already having refinanced their loans to save hundreds on their monthly mortgage payments, … Read more on Motley Fool US rate on [...]
Latest Repossession News
Auto repossession leads to shot fired on bypass By John Winters An attempted auto repossession led to at least one shot being fired, a fight in the middle of a road, two people getting pepper-sprayed and one arrest. All four of the individuals involved in Monday's fight on Millard Farmer Industrial … Read more on [...]
Man, 76, opens fire on men repossessing his car
Man, 76, opens fire on men repossessing his car Burbank police arrested a 76-year-old man early Thursday morning for allegedly firing off two shots in an attempt to scare off two men who were on his property in search a vehicle for repossession. Konstanin Abramian was arrested on suspicion of … Read more on Los [...]
Humane society prepares to launch fundraising campaign
Humane society prepares to launch fundraising campaign HEATH — The former car repossession business at 825 Thornwood Drive doesn't look like a place cats and dogs would enjoy. The building includes a large, cold garage area and several rooms used for offices and storage. But by December, Lori Carlson said … Read more on The [...]
A counterweight to foreclosure crisis: community land trusts?
A counterweight to foreclosure crisis: community land trusts? As home foreclosures put a drag on the US economy, 250 community land trusts across the US use one-time taxpayer subsidies to help low-income homebuyers and stabilize communities. By Nancy Humphrey Case, Contributor / March 7, 2012 Bob and Lynne … Read more on Christian Science Monitor [...]
Flagstar mortgage fraud lawsuit settled for $133 million
Flagstar mortgage fraud lawsuit settled for 3 million By Katherine Yung The US government announced Friday that it had reached a $ 133-million settlement with Troy-based Flagstar Bank that resolves a civil fraud lawsuit accusing the bank of fraudulent mortgage lending practices. The lawsuit, filed by the … Read more on Detroit Free Press Wells [...]
Protest group prevents home repossession
Protest group prevents home repossession By Jennifer Hough A county sheriff has been prevented from repossessing a home on behalf of a bank in Laois by a nationwide organisation set up to stop the eviction of people and families from their homes. In a stand-off with the sheriff, … Read more on Irish Examiner Housing [...]