Debates, Defaulters Get FHA Loans, Principal Reductions, BofA, FNC Property Values, DOJ FC Scam Case, Jamie Likes Housing, San Francisco, Shrink Banks, FC Bus Tour, Buying IL FCs, Delevering by Defaulting, Computerized Robo-Signing, Foreclosure Fraud Primer, FHFA Rental Winners

mnc-bc-fay2

email signup          RSS News Signup          Fay Servicing          BC’s profile

—–

Mortgage Mentioned Just Once During Final Presidential Debate – Colin Robertson – hattip Colin – TheTruthAboutMortgage
————
Housing starts boosted by FHA loans – … the FHA provisions regarding foreclosure. The FHA guidelines require a period of 2 years from Chapter 7 filing or 3 years from foreclosure or short sale, whichever comes later. Many of those who defaulted on their mortgages after the housing crash – amazingly enough – now qualify for FHA loans. … Sober Look Blog

————
The Fiscal Cliff: What Does it Mean for FHA and Housing? – by Elizabeth Ecker – Reverse Mortgage Daily

————
Bank of America provides $4.75 billion in principal reductions – Posted by bkluger – Housingwire
————

FNC: Residential Property Values increased 0.3% in August – by Bill McBride – … Since this index is NSA, the month-to-month changes will probably turn negative in September or October. The key then will be to watch the year-over-year change and also to compare the month-to-month change to previous years. This was the first month-to-month increase for the month of August since 2005.Calculated Risk

————
Department of Justice Files Huge Foreclosure Scams Case – by Michele Dawson – … filed 110 cases against 153 defendants across the country, alleging $37 million worth of losses stemming from foreclosure rescue scams … More than 15,000 victims nationwide were identified. … – Realty Biz News
————
JAMIE DIMON: Housing Has Turned The Corner – Joe Weisenthal – Business Insider

————
Socketsite: Pending home sale would smash San Francisco recordSan Francisco Business Times  by J.K. Dineen, Reporter

————
Fed Should Push to Cut Biggest Banks Down to Size – By Simon Johnson – Bloomberg

————
Bargain hunting on a foreclosure bus tour – By Leslie Mann, Special to the Chicago Tribune
————
FORECLOSURES-ILLINOIS – Illinois anti-foreclosure workshop draws hundreds – (AP) — More than 1,000 Illinois residents facing foreclosure have turned out for an event to help them keep their homes. Gov. Pat Quinn met with some of them during Saturday’s foreclosure prevention workshop in South Holland. – Chicago Tribune

————
US Households Are Not “Deleveraging” – They Are Simply Defaulting In Bulk – Submitted by Tyler Durden – … The implication here is that unlike in year past, US households are finally doing the responsible thing and are actively deleveraging of their own free will. This couldn’t be further from the truth, … – Zero Hedge

————
Foreclosures may ease shortage of homes for sale – By Paul Owers and John Maines, Sun Sentinel
————
So Where is Schneiderman? Computerized Robosigning Has Made Its Debut – Yves Smith – Naked Capitalism
————
A Foreclosure Fraud Primer – by Geoffrey K. Milne – MortgageOrb

————
FHFA Announces Two Winning Bidders, With Plans To Continue Bulk REO Sales – by Donna S. Robinson – Realty Biz News

————

For Rob Chrisman’s latest daily post, click here.

To subscribe to Joe Garrett’s news letter, send an email to jgarrett at garrettmcauley dot com

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s