http://www.bankersforeclosures.com Thu, 17 May 2012 10:45:03 +0000 en hourly 1 Nationstar deal to buy ResCap comes with AG settlement strings http://www.bankersforeclosures.com/nationstar-deal-to-buy-rescap-comes-with-ag-settlement-strings/ http://www.bankersforeclosures.com/nationstar-deal-to-buy-rescap-comes-with-ag-settlement-strings/#comments Thu, 17 May 2012 10:45:03 +0000 admin http://www.bankersforeclosures.com/nationstar-deal-to-buy-rescap-comes-with-ag-settlement-strings/

Nationstar Mortgage Holdings agreed to assist Ally Financial in the robo-signing consent order and settlement if its bid to purchase Residential Capital goes through. But the agreement with state attorneys general is somewhat muddied.

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]]> http://www.bankersforeclosures.com/nationstar-deal-to-buy-rescap-comes-with-ag-settlement-strings/feed/ 0 RealtyTrac: Foreclosure filings near 5-year low http://www.bankersforeclosures.com/realtytrac-foreclosure-filings-near-5-year-low/ http://www.bankersforeclosures.com/realtytrac-foreclosure-filings-near-5-year-low/#comments Thu, 17 May 2012 04:44:12 +0000 admin http://www.bankersforeclosures.com/realtytrac-foreclosure-filings-near-5-year-low/

Homes that received a foreclosure filing fell 14% in April from a year earlier as activity fell off significantly in California, Arizona and Nevada.

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]]> http://www.bankersforeclosures.com/realtytrac-foreclosure-filings-near-5-year-low/feed/ 0 Mortgage lenders maneuver to gain market share http://www.bankersforeclosures.com/mortgage-lenders-maneuver-to-gain-market-share/ http://www.bankersforeclosures.com/mortgage-lenders-maneuver-to-gain-market-share/#comments Wed, 16 May 2012 22:40:12 +0000 admin http://www.bankersforeclosures.com/mortgage-lenders-maneuver-to-gain-market-share/

Contrary to behavior by many larger financial institutions, small and midtier mortgage companies are expanding their origination lines to capture a bigger piece of the market.

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]]> http://www.bankersforeclosures.com/mortgage-lenders-maneuver-to-gain-market-share/feed/ 0 FOMC eases position on QE3 http://www.bankersforeclosures.com/fomc-eases-position-on-qe3/ http://www.bankersforeclosures.com/fomc-eases-position-on-qe3/#comments Wed, 16 May 2012 22:40:12 +0000 admin http://www.bankersforeclosures.com/fomc-eases-position-on-qe3/

If the recovery loses momentum, several members indicated that additional monetary policy accommodation could be necessary, a change from just a “couple members” at the Federal Open Market Committee’s last meeting.

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]]> http://www.bankersforeclosures.com/fomc-eases-position-on-qe3/feed/ 0 Taxpayer funds used for some principal reductions in California http://www.bankersforeclosures.com/taxpayer-funds-used-for-some-principal-reductions-in-california/ http://www.bankersforeclosures.com/taxpayer-funds-used-for-some-principal-reductions-in-california/#comments Wed, 16 May 2012 16:41:21 +0000 admin http://www.bankersforeclosures.com/taxpayer-funds-used-for-some-principal-reductions-in-california/

Fannie and Freddie will allow taxpayers to fund principal write-downs in California without bond investors or the GSEs taking any losses. Fewer than 9,000 borrowers will benefit, and there remains no committment to a national program.

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]]> http://www.bankersforeclosures.com/taxpayer-funds-used-for-some-principal-reductions-in-california/feed/ 0 Home inventory levels plummet 21%: Pro Teck http://www.bankersforeclosures.com/home-inventory-levels-plummet-21-pro-teck/ http://www.bankersforeclosures.com/home-inventory-levels-plummet-21-pro-teck/#comments Wed, 16 May 2012 10:42:25 +0000 admin http://www.bankersforeclosures.com/home-inventory-levels-plummet-21-pro-teck/

Inventory levels in U.S. markets see significant declines over last year as buyers get off the sidelines. The number of homes lingering on the market fell 21% from year-ago inventory levels.

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]]> http://www.bankersforeclosures.com/home-inventory-levels-plummet-21-pro-teck/feed/ 0 Impac Mortgage Holdings narrows 1Q loss, expands originations http://www.bankersforeclosures.com/impac-mortgage-holdings-narrows-1q-loss-expands-originations/ http://www.bankersforeclosures.com/impac-mortgage-holdings-narrows-1q-loss-expands-originations/#comments Wed, 16 May 2012 04:40:55 +0000 admin http://www.bankersforeclosures.com/impac-mortgage-holdings-narrows-1q-loss-expands-originations/

Impac Mortgage Holdings reported a net loss in the first quarter of $ 4.8 million, or a loss of 61 cents a share, shrinking its year-ago loss of $ 987,000, or a loss of 12 cents a share.

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]]> http://www.bankersforeclosures.com/impac-mortgage-holdings-narrows-1q-loss-expands-originations/feed/ 0 BofA to pay homeowners more for short sales http://www.bankersforeclosures.com/bofa-to-pay-homeowners-more-for-short-sales/ http://www.bankersforeclosures.com/bofa-to-pay-homeowners-more-for-short-sales/#comments Tue, 15 May 2012 22:45:11 +0000 admin http://www.bankersforeclosures.com/bofa-to-pay-homeowners-more-for-short-sales/

Bank of America launched a new short sale program that could pay distressed homeowners between $ 2,500 and $ 30,000 in relocation assistance.

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]]> http://www.bankersforeclosures.com/bofa-to-pay-homeowners-more-for-short-sales/feed/ 0 FHFA revamps strategic plan to incorporate goals for GSEs http://www.bankersforeclosures.com/fhfa-revamps-strategic-plan-to-incorporate-goals-for-gses/ http://www.bankersforeclosures.com/fhfa-revamps-strategic-plan-to-incorporate-goals-for-gses/#comments Tue, 15 May 2012 16:41:22 +0000 admin http://www.bankersforeclosures.com/fhfa-revamps-strategic-plan-to-incorporate-goals-for-gses/

The updated FHFA oversight plan says in the next few years, the agency will be focused on reducing the government-sponsored enterprises’ role in the secondary mortgage market, while also finding a place for troubled, but possibly valuable, concepts like mortgage insurance to balance out investor and taxpayer risks in the marketplace.

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]]> http://www.bankersforeclosures.com/fhfa-revamps-strategic-plan-to-incorporate-goals-for-gses/feed/ 0 Lawmakers move to expand mortgage protection for military http://www.bankersforeclosures.com/lawmakers-move-to-expand-mortgage-protection-for-military/ http://www.bankersforeclosures.com/lawmakers-move-to-expand-mortgage-protection-for-military/#comments Tue, 15 May 2012 10:43:19 +0000 admin http://www.bankersforeclosures.com/lawmakers-move-to-expand-mortgage-protection-for-military/

An amendment will expand the Servicemembers Civil Relief Act to include more homeowners under the umbrella and to delay evictions for a longer period.

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