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Showing posts with label Foreclosure. Show all posts
Showing posts with label Foreclosure. Show all posts
U.S. banks to pay $8.5 billion to end foreclosure reviews | Reuters
U.S. banks to pay $8.5 billion to end foreclosure reviews | Reuters: (Reuters) - "A group of 10 mortgage servicers agreed on Monday to pay a total of $8.5 billion to end a U.S. government-mandated case-by-case review of housing crisis foreclosures in an acknowledgement the program had proven too cumbersome and expensive."
Exclusive: Och-Ziff hedge fund looks to exit landlord business | Reuters
Exclusive: Och-Ziff hedge fund looks to exit landlord business | Reuters: (Reuters) - "One of the first big hedge funds to try to profit from a rebound in the U.S. housing market by investing in foreclosed homes is looking to cash out, even as other institutional investors are still getting in."
Foreclosure abuse rampant across U.S., experts say | Reuters
Foreclosure abuse rampant across U.S., experts say | Reuters: (Reuters) - "A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country."
With home prices headed down, three ideas to soften the fall - The Washington Post
With home prices headed down, three ideas to soften the fall - The Washington Post: "House prices are currently being driven by distressed home sales — foreclosure and short sales. About a third of home sales nationwide involve distressed properties, an astounding figure. In the busted housing markets of Arizona, California, Florida and Nevada, the share is well over half. Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall."
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