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Category Archives: Foreclosure and Short Sale News
Mortgage Bankers Must Repurchase Loans
Reports from a mortgage banking industry conference indicate that demands that U.S. banks repurchase faulty loans made during the housing boom emerged as one of the most sensitive topics for mortgage bankers at a conference on Monday. Instead of owning … Continue reading
Mortgage Servicers to Assume Risk?
Reports indicate Fannie Mae and Freddie Mac are in talks with U.S. title insurers to require mortgage servicers to assume insurers’ liabilities if there are legal challenges to foreclosures on homes whose mortgages Fannie and Freddie underwrote. From Reuters: Allegations … Continue reading
CT Foreclosures Up 3 percent in Feb ’09
According to a Bloomberg Businessweek article, a report says the number of foreclosures in Connecticut increased 3.4 percent from January to February 2009, despite a national decline for the same period. Foreclosure tracking firm RealtyTrac Inc. said there were nearly … Continue reading
