Tuesday, May 8, 2012

Lenders foreclosure cliff

  • Now it turns out some lenders haven't merely been unhelpful; their actions have pushed some borrowers over the foreclosure cliff. Lenders have been imposing exorbitant insurance policies on homeowners whose regular coverage lapses or is deemed insufficient.
  • (Bloomberg)
  • Short sales are also closing faster than foreclosure sales, and they relieve banks of the responsibility of managing and protecting vacant homes. With lenders poised to reap we may see short sales drop off a cliff.
  • (jdsupra.com)
  • "Some lenders haven't merely been unhelpful; their actions have pushed some borrowers over the foreclosure cliff.
  • (Wall Street Journal)
  • And because they are current on their payments, the Kellers say their current lender — PNC Mortgage — wont Prices peaked five years ago and then started to fall off a cliff.
  • (Modesto Bee)
  • "Prices peaked five years ago and then started to fall off a cliff. Foreclosure activity goes up when property were a median nine months behind on their payments when the lender filed the Notice of Default.
  • (RealEstateRama)
  • It is notice recorded in the county by a lender when a borrower is at least 30 days "Prices peaked five years ago and then started to fall off a cliff.
  • (The Business Journal)
  • Lenders sent default notices to 3,733 homeowners Prices peaked five years ago and then started to fall off a cliff, said John Walsh, DataQuick president.
  • (Patch)
  • PHOENIX — Arizona is the latest state to consider using some of its share of a national mortgage foreclosure settlement for non under a settlement with the nation's top mortgage lenders. It's separate from $1.
  • (trivalleycentral.com)

No comments:

Post a Comment