Robo-Reality: Final Foreclosures Fall as Pipeline Swells

Posted on | January 27, 2012 | Comments Off

The number of new foreclosures in 2011 dropped nearly 40 percent, according to year-end numbers just released by Lender Processing Services; there is, however, little cause for celebration.

New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Settlement

Posted on | January 25, 2012 | Comments Off

President Obama announced he was ordering the U.S. Attorney General to create a “Financial Crimes Unit,” its number one task being to go after the banks for faulty mortgage originations and securitizations.

President Obama Proposes Mortgage Refinances for ‘Responsible Borrowers’

Posted on | January 24, 2012 | Comments Off

After several largely ineffective programs to help troubled borrowers and after fruitless attempts at budging the hard-line conservator of Fannie Mae and Freddie Mac, President Obama is proposing a brand new refinance program for borrowers who are current on their mortgages, regardless of who owns their loan; the catch is that this one has to go through Congress.

State of the Union Preview: Housing and Fairness Don’t Connect

Posted on | January 24, 2012 | Comments Off

If the theme of tonight’s State of the Union address is fairness, then President Obama would be wise to steer clear of housing; most of the proposals to fix the nation’s still struggling real estate market are intrinsically unfair to a large majority of Americans.

Foreclosure Investors are Double-Edged Sword

Posted on | January 23, 2012 | Comments Off

The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today’s housing market is to get more investors in and sell them these properties at bulk discounts.

‘Robo’ Foreclosure Settlement Turns Political

Posted on | January 19, 2012 | Comments Off

If there is a deal, beyond the politics, it could have a larger effect on the state of the housing market and its recovery.

As Home Buying Returns, Do Apartments Face a Bubble?

Posted on | January 18, 2012 | Comments Off

2012 will likely not see as robust rent growth as 2011; housing affordability continues to improve and renting is becoming ever more expensive than owning.

Bulk Foreclosure Sales Could Cause Bigger Bank Write-Downs

Posted on | January 12, 2012 | Comments Off

As government, federal regulators and big-money private investors try to figure out a plan for bulk sales of foreclosed properties, big banks are already making deals, but they are few and far between.

Private Equity Readying a Run on Foreclosures

Posted on | January 10, 2012 | Comments Off

As the Obama administration and federal regulators work on a program to sell government-owned foreclosures to investors, private equity groups are stockpiling cash and buying foreclosed properties at auction.

Government Set to Sell Foreclosures in Bulk

Posted on | January 9, 2012 | Comments Off

The Obama Administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, are very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration officials. keep looking »

Recently Written

• Robo-Reality: Final Foreclosures Fall as Pipeline Swells
• New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Settlement
• President Obama Proposes Mortgage Refinances for ‘Responsible Borrowers’
• State of the Union Preview: Housing and Fairness Don’t Connect
• Foreclosure Investors are Double-Edged Sword
• ‘Robo’ Foreclosure Settlement Turns Political
• As Home Buying Returns, Do Apartments Face a Bubble?
• Bulk Foreclosure Sales Could Cause Bigger Bank Write-Downs
• Private Equity Readying a Run on Foreclosures
• Government Set to Sell Foreclosures in Bulk

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