A Hollywood shopping center was targeted for foreclosure by Landmark Bank based on a $3.2 million mortgage. Fort Lauderdale attorney William McCormick, who represents Landmark Bank in the lawsuit, didn’t immediately return a call seeking comment …
Marjorie Benedum and her husband, Mel Harris , knew their landlord was facing foreclosure but were reassured when he said they could keep renting the Southwest Baltimore house after his family lost it. Then Harris, who is 79 and retired, came home …
BOSTON – foreclosure petitions and auctions in Bristol County, Mass., rose in November in year-over-year comparisons, according to real estate tracking firm The Warren Group. The group said that petitions – the first step in the foreclosure …
BOSTON — The number of foreclosures initiated in Massachusetts during November fell below 2,000 for the first time since January, according to a new report. But petitions to foreclose, which mark the start of the foreclosure process, remain at a …
Commercial property foreclosure filings in the Dallas-Fort Worth area jumped by more than a quarter in 2009, but commercial real estate foreclosure filings continues to be overshadowed by residential foreclosure filings according to the latest report …
INDIANAPOLIS — The … cases involve a conflict between people or business, such as foreclosure or divorce. In criminal cases, the government brings a charge against a person accused of a crime and an attorney is provided at state expense if the …
GRAND RAPIDS, MI – The U.S. Attorney’s Office for the Western District of Michigan, the U.S. Department of Housing and Urban Development (HUD), and the U.S. Environmental Protection Agency (EPA) today announced a settlement with two Michigan landlords for failing to inform tenants that their homes may contain potentially dangerous lead. The Grand Rapids owners have agreed to pay a $6,000 fine and to render their residential housing lead safe, at an estimated cost of nearly $350,000.
Denton County’s commercial property foreclosures more than … now it’s evolving into more of the larger buildings of all types,” said George Roddy Sr., president of foreclosure Listing Service. “That obviously is brought on by the economic …
Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary
It took a while for markets to decide just what to do after the 5 year auction results at 1pm. Whether there was any actual level of "indecision" present is unknown and perhaps unimportant. More likely, what we see in today's charts is the effect of a "short covering opportunity" being exercised amidst the generally duration-positive month end trading sessions. Talk about "duration-positive!" Whoo… 2s v 10s approaching 260's again is pretty much unheard of these days. Sure, from a historical standpoint, it's about as steep as the Matterhorn looks on a 5-year-old's first trip to Disney, but in the context of the recent 280's we've seen, to close out the day at 271.4 is quite the flattener. But, of course, we'd be neglecting our own…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/126399.aspx”>read more)
Posted To: <a href="http://www.mortgagenewsdaily.com/channels/voiceofhousing/default.aspx”>Voice of Housing
As we've discussed several times in the recent past , the GSE's are actively investigating non performing loan files for breaches of representations and enforcing warranties. What has traditionally been viewed by originators and lenders as a low frequency, moderate severity event ("a cost of doing business") – loan buyback requests are now multi-billion dollar contingent liabilities that command substantial financial and operational resources. Consider that the GSEs alone have roughly $400 billion of non performing loans in aggregate and that equates to roughly 3.5 million files that are in the queue to be reviewed. If you assume that 50% of those files will be contested by the defending originator – theoretically, you are looking at well over 5 million files that will need…(<a href="http://www.mortgagenewsdaily.com/channels/voiceofhousing/126364.aspx”>read more)
