Tag Archives: banks

Foreclosures Rise as Banks Take More Action

Foreclosure activity rose last month by 4 percent, but it remains at the lowest level since 2007, RealtyTrac reports in its latest U.S. Foreclosure Market Report. Last month’s...

Banks Show Signs of Easing Lending Standards

More borrowers may have an easier time qualifying for a mortgage as banks begin to accept lower credit scores and smaller down payments, according to the latest data from mortgage...

Agency Warns Banks on Home Equity Loans

In about two years, monthly payments are set to rise on many home equity loans that were made before the financial crisis....

7 Banks Foreclosing on the Most Mortgages

A small portion of banks are servicing the majority of the mortgages in foreclosure. “The banks foreclosing on the most homes may not directly own the bulk of the mortgages,” 24/7...

HOAs Foreclosing on Banks?

Homeowners and condo associations are turning the tables in Florida and foreclosing on the banks that have failed to pay dues or other expenses on the properties that they’ve...

REO Inventory Posts Big Drop From a Year Ago

The amount of foreclosed homes on banks’ books has dropped by 18 percent in the last year, the Federal Deposit Insurance Corp. reports. The FDIC also says that levels have been...

Are Banks ‘Hoarding Foreclosures’?

Recent housing surveys are showing an uptick in home prices, particularly in cities in warm-weather “sand states” that had been hard-hit during the housing slump, such as in...

Short Sales Start to Outpace Foreclosures

Banks are agreeing to more short sales, and for the first time,  short sale transactions are exceeding foreclosure deals, according to the most recent housing data from Lender...

Large Banks Chip Away at Commercial Real Estate Debt

Large banks have made big strides in the last three years in selling and modifying their bad loans stemming from sour commercial real estate deals and now are even starting to pick up...

Banks, Gov’t Near Deal on Foreclosure Settlement

Up to 1 million at-risk, underwater borrowers may be eligible for a reduction on their mortgage principal, if a settlement between big banks and government officials gets the final...