August 7, 2012 (Shirley Allen) Foreclosure activity in California continued to slowly improve in the second quarter of 2012 as both default notices and distressed property sales declined during the quarter according to real estate information provider DataQuick. […]
July 25, 2012 (Jeff Alan) Since the beginning of the government’s loan modification efforts in 2008 through the end of the first quarter of 2012, mortgage servicers under the OCC’s supervision have modified 2,543,133 mortgages of which only 50.7 percent remain current or have been paid off according to the Office of the Comptroller of [...]
May 3, 2012 (Shirley Allen) Foreclosure activity in California continued to decline in the first quarter of 2012 compared to the previous quarter and was at its lowest level since the second quarter of 2007 according to real estate information provider DataQuick. […]
April 6, 2012 (Jeff Alan) Newly initiated foreclosures declined by 16 percent in the fourth quarter of 2011 after spiking 21.1 percent in the third quarter according to the Office of the Comptroller of the Currency (OCC). Completed foreclosures increased 2.5 percent from the previous quarter and were 22.1 percent higher than in the fourth [...]
March 19, 2012 (Chris Moore) Foreclosure activity continued to fall nationwide in February but the foreclosure pipeline is hardly unclogged as a new wave of activity is expected to hit following the recent $25 billion mortgage settlement between the five largest banks and the state attorneys general. […]
January 26, 2012 (Shirley Allen) Foreclosure activity in California fell nearly 14 percent in the fourth quarter of 2011 compared to the previous quarter and was at the second lowest level in more than four years according to real estate information provider DataQuick. […]
January 12, 2012 (Jeff Alan) New foreclosures increased by 21.1 percent in the third quarter of 2011 according to the Office of the Comptroller of the Currency (OCC) as a result of mortgage servicers lifting voluntary moratoria implemented in late 2010 caused by the “robo-signing” controversy. […]
October 25, 2011 (Jeff Alan) Significant delays in mortgage approvals are causing a backlog in home purchase closings with approval times that are normally around 30 days being stretched to 45 to 60 days according to the latest Campbell/Inside Mortgage Finance HousingPulse survey. […]
October 24, 2011 (Chris Moore) The Senate voted 60 to 38 to add an amendment to an existing spending bill that would restore the higher conforming loan limits that had expired on September 30th. The housing industry has been pushing for a restoration of the loan limits claiming the new lower limits could weaken an [...]
