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U.S. Subpoenas 15 FHA Lenders With High Mortgage Defaults Bloomberg The U.S. Housing and Urban Development Department said it subpoenaed 15 mortgage companies today to seek out possible fraud in an effort to stem losses on loans insured by the Federal…(read more)
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Source: feeds.foreclosurepulse.com
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says September 24, 2009, Bloomberg The crash in U.S. home prices will probably resume because about 7 million properties that are likely to be seized by lenders have yet to hit the market, Amherst…(read more)
Source: feeds.foreclosurepulse.com
Foreclosures, Delinquencies Continue to Rise
Senate Democrats Offer Measure Limiting Foreclosures September 30, 2009, Bloomberg Senate Democrats introduced legislation that would expand federal loan-modification programs to more borrowers and place new restrictions on U.S. lenders before they can…(read more)
Source: feeds.foreclosurepulse.com
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Source: feeds.foreclosurepulse.com
Real Estate Slump Isn’t Over, Exec Says
Real Estate Slump Isn’t Over, Exec Says September 18, 2009, San Diego Union-Tribune Federal Reserve Chairman Ben Bernanke may think the recession is over, but the head of the nation’s largest real estate services firm says the slump has two or…(read more)
Source: feeds.foreclosurepulse.com
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says September 24, 2009, Bloomberg The crash in U.S. home prices will probably resume because about 7 million properties that are likely to be seized by lenders have yet to hit the market, Amherst…(read more)
Source: feeds.foreclosurepulse.com
Home-Price Declines in 20 U.S. Cities Eased in April Bloomberg Home prices in 20 major U.S. metropolitan areas fell in April at a slower pace than forecast, a sign the plunge in real-estate values is abating. The S&P/Case-Shiller home-price index…(read more) foreclosure
Paper Avalanche Buries Plan to Stem Foreclosures New York Times Somewhere on earth, there must be a more difficult task than this: persuading American mortgage companies to lower payments for homeowners who can no longer afford their loans. But as Karina…(read more) foreclosure