Robo-Reality: Final Foreclosures Fall as Pipeline Swells
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.
Another Federal Housing Bailout Won’t Happen
With home prices still falling, new mortgage delinquencies rising again, millions of mortgages already in the foreclosure pipeline, and consumer confidence in the housing market near nil, President Obama is expected to include some new housing fix in h…
New Push to Unload Bank-Owned Properties Squeezes Out Investors
As big banks and Fannie Mae and Freddie Mac spacer push foreclosures through the pipeline, the inventory of REO (bank-owned) properties is rising. That pushes distressed and overall home prices down.
A Look Inside the Foreclosure Pipeline
For the first time in years, the man who quantifies the foreclosure crisis got to report some good news. This month he got to report a drop in mortgage delinquencies, down more than 11 percent month-over month, to the lowest level since 2008.