Former Duke star Hurley on wrong end of foreclosure judgment
Former Duke basketball star Bobby Hurley’s Devil Eleven Farm in Ocala has been slated for public sale after he and his wife, Leslie, agreed not to challenge foreclosure proceedings seeking to recover more than .3 million in defaulted loans and…
MBA Q2 2010: 14.42% of Mortgage Loans Delinquent or in Foreclosure
The MBA reports that 14.42 percent of mortgage loans were either one payment delinquent or in the foreclosure process in Q2 2010 (seasonally adjusted). This is down slightly from the record 14.69 percent in Q1 2010.
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The MBA reports that 14.42 percent of mortgage loans were either one payment delinquent or in the foreclosure process in Q2 2010 (seasonally adjusted). This is down slightly from the record 14.69 percent in Q1 2010. From the MBA: Delinquencies and Foreclosure Starts Decrease in Latest MBA National Delinquency Survey…
Bank of America, CW Capital Sue Entity Seeking Stuyvesant Town Foreclosure
Bank of America Corp. and special loan servicer CW Capital sued the entity that is seeking to foreclose on the equity interests of the owner of Manhattan’s Stuyvesant Town and Peter Cooper Village apartment complex.
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Earlier I posted a graph of Fannie, Freddie and FHA inventory (new record total in Q2). Economist Tom Lawler has added private-label RMBS REO in the following graph. Note: The private-label securities have one advantage – they essentially stopped making new loans in mid-2007! (see Figure 3 from San Francisco…
From the Association of American Railroads: Rail Time Indicators . The AAR reports traffic in July 2010 was up 4.1% compared to July 2009 – and traffic was 14.6% lower than in July 2008. Click on graph for larger image in new window. This graph shows U.S. average weekly rail…
The combined REO (Real Estate Owned) inventory for Fannie, Freddie and the FHA increased by 13% in Q2 2010 from Q1 2010. The REO inventory (lender Real Estate Owned) increased 74% compared to Q2 2009 (year-over-year comparison). Click on graph for larger image in new window. This graph shows the…
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A quiet title action can help you save yourhome!Judges across America are dismissingforeclosures because the lenders who have soldmortgages have no legal standing to foreclose.If you have an adjustable-rate mortgage, youcan fight mortgage fraud…
Click on graph for larger image in new window. This graph shows the Notices of Default (NOD) by year through 2009, and for the first half of 2010, in California from DataQuick. Although the pace of filings has slowed, it is still very high by historical standards. From DataQuick:…
Tomorrow the Committee of European Banking Supervisors (CEBS) will release the stress test results for 91 European Banks. The results will be released at 6:00 PM CEST (Central European Summer Time). That would be noon ET, although a few reports have suggested earlier release times (perhaps time conversion problems –…