Boom | Bust
Investors: Let’s get this party started
If you think investors are charging the housing recovery, you ain’t seen nothing yet. Investors, hand picking individual properties, working in groups, buying in bulk and smacking down all-cash like they won the Mega Millions Lottery, snatched up properties last [...]
Treasury nets $25 billion in mortgage-backed securities
Chalk another economic one up for the Obama Administration. Remember how those toxic mortgages were bundled as securities and sold as investments to many poor saps before many of
Zillow experts take a ‘Mulligan,’ retreat from past housing recovery forecast
On tough news from the S&P/Case-Shiller Home Price Indices, Zillow's real estate market experts pulled a do-over on their forecast for home prices this year. It didn't help their
Burns Consulting: Lagging indicators may have cost home buyers bottom-market deals
If you've been waiting for the housing market to hit bottom, you may have waited too long. John Burns Consulting reported this week, buyers seeking the greatest bottom market
Most consumers don’t have a clue about HAMP, HARP
Recent enhancements to government programs designed to bail out more underwater homeowners and save others from foreclosure could be lost on millions of Americans. Most consumers don't even know
National Mortgage Settlement generates controversy, scams, consumer guides
Along with the relief it's supposed to bring to millions of Americans, last week's official court filing of the $25 billion National Mortgage Settlement came with controversy, scams
Economy, stock market get real estate boost
No wonder the stock market is going ape. The housing market isn't such a jungle any more. Wednesday, March 14, 2012, the day after Apple helped NASDAQ nose above the
Strategic defaults on the rise, unfortunately
Apparently, homeowners aren't getting the message that strategic defaults are anything but strategic. A growing number of homeowners say, even if they can afford to make mortgage payments, they
If it walks like a pig, wallows like a pig, oinks like a pig…
Proceed at your own risk. When Ned Buratovich’s political illustrations appear on DeadlineNews.Com you won’t get a content warning, thumbnail preview or other precursor of what’s to
Mortgage servicers fiddled while homeowners were burned by foreclosure abuse
The National Mortgage Settlement prompted California Attorney General Kamala D. Harris to call for Freddie Mac and Fannie Mae to temporarily suspend all foreclosure sales in California as
California vies for ‘Homeowner Bill of Rights’
California's attorney general and a host of Golden State legislators are pushing to secure a Homeowner Bill of Rights designed to protect homeowners from abusive mortgage practices and
National Mortgage Settlement spawns fraud moving faster than official settlement relief
• On. Feb. 9, the day federal and state officials and banks signed off on the National Mortgage Settlement, Alabama Attorney General Luther Strange and the state's Banking
California nets $18 billion of landmark $25-billion national mortgage settlement
California's $18 billion cut of the $25 billion national mortgage settlement beats a zero, but it's too small to change the landscape of the Golden State's housing crisis. The
Mortgage servicers in $25 billion settlement fined $766.5 million
That landmark $25 billion civil settlement against five mortgage servicers charged with institutionalized foreclosure abuse? It also comes with a hefty $766.5 million fine. What's more, the fines won't
Feds, states reach $25 billion agreement with five mortgage servicers
Federal and state agencies today announced a landmark $25 billion civil settlement against mortgage lenders after a year-long investigation into an institutionalized culture of foreclosure abuse. The settlement, over
Congress hears plight of San Jose, CA woman evicted from her home of 41 years
JANICE ROMBECK - A seriously ill South San Jose woman who recently was evicted from her home of 41 years by Wells Fargo Bank is receiving support from
Improved HARP music to ears of more homeowners
The new and improved Home Affordable Refinance Program (HARP) is spreading a wider net for struggling homeowners previously unable to take advantage of the federal program. With refinancing rates
Housing takes back seat to economy in State of the Union Address
President Barack Obama heavily laced his 2012 State of the Union Address with comments about solutions for the nation's economic malaise, but he gave housing the short shrift. Housing
Mortgage lenders offer states $25 billion for faulty foreclosures
The five largest U.S. mortgage lenders have offered a $25 billion settlement proposal that could make it easier for some struggling homeowners to avoid foreclosure and have their
Government-mandated down payments would block creditworthy home buyers
CENTER FOR RESPONSIBLE LENDING - As federal regulators consider setting down-payment standards on new mortgages, a new study shows such rules could push 60 percent of creditworthy borrowers
