Archive for affadavit

FDIC Chair Calls for Commission to Settle Foreclosure Errors

January 19, 2011 No Comments

Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair called today for a ” foreclosure claims commission ” to address complaints from homeowners who have been harmed by flaws in the foreclosure process. This was one of several improvemen…

Tags: affadavit, law suit, MERS, robosigning, title ownership

FHFA: Full Scope of Foreclosure Processing Problems Still Unknown

December 6, 2010 No Comments

Federal Home Finance Agency (FHFA) Acting Director Edward J. DeMarco told the House Judiciary Committee Thursday that regulators, lawmakers, investors, and the general public want answers to the questions raised by the recent breakdown in foreclosure p…

Tags: affadavit, law suit, MERS, robosigning, title ownership

FDIC Chair and Others Testify on Loan Servicer Weaknesses and Potential Remedies

December 1, 2010 No Comments

The second phase of the Senate Banking Committee’s hearing on Problems in Mortgage Servicing from Modification to Foreclosure , held on December 1 featured two panels; one composed of federal regulators, the second by representatives of the two governm…

Tags: affadavit, law suit, MERS, robosigning, title ownership

Senate Banking Committee Examines Loan Servicing Problems

December 1, 2010 No Comments

The Senate Banking Committee is holding the second in a series of hearings on Problems in Mortgage Servicing from Modification to Foreclosure on Wednesday. Part One of the hearings held in mid-November featured testimony from witnesses representing con…

Tags: affadavit, law suit, MERS, robosigning, title ownership

Investors, First-Time Buyers Growing Leary of Distressed Market

The latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released on Monday, has a pair of findings that should be distressing to...

CBO Evaluates Potential Costs of a Large-Scale Refinancing Program

The non-partisan Congressional Budget Office (CBO) just released a working paper entitled An Evaluation of Large-Scale Mortgage Refinancing Programs in which it...

Government Seeks Solutions to Foreclosure Glut

Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently...

Loan Demand Up as Mortgage Rates Fall

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 29, 2011.  Excerpts...

FHA’s Mortgage Review Board Sanctions 240 Lenders

The Federal Housing Administration's (FHA's) Mortgagee Review Board (MRB) has posted the results of formal actions taken against 240 lenders for...

Foreclosure Activity Drops in First Half of Year

Almost 85 percent of large cities showed a decrease in foreclosure activity during the first six months of 2011 according to...

Loan Demand: Refi Index Near 2011 Highs

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 22, 2011.  Last...

Foreclosuregate: Banks Seek Immunity from Civil Lawsuits

I found the timing of this news to be extra interesting. WHY? Because the Consumer Financial Protection Bureau goes...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...