Short Sales Preferred over Foreclosure by California Homeowners
The latest results are in... California Association of Realtors states that Short Sales Reach and all time high in September 2012. number 24.3%. Real Estate Owned (Foreclosures) fell to 12.3% By Kris and Kim Darney READ THSI ARTICLE by DS News.com While distressed...
Housing Worse off Now Than in 2008…More Short Sales Needed?
We have seen a massive decline in home values resulting in the worse housing market on record. Signs from a recent report from RealtyTrac show that housing prices are stabilizing however, that many communities are struggling with high unemployment that is affecting...
We Can Accomplish Anything When We Want to…
Red Bull Stratos, MACH 1.24, Supersonic,FELIX BAUMGARTNER, 834 miles per hour
OCWEN Buys Homeward Residential Holdings and 422,000 Mortgage Loans
Ocwen Financial Corporation ($28.96 0%) will buy Homeward Residential Holdings from private equity firm WL Ross & Co. for around $750 million total. Homeward Residential Holdings is a mortgage servicing and origination business. The deal is equal to approximately...
Tracy Morgan Rents NYC digs for $25K per Month
The outspoken and somewhat crazy comedian Tracy Morgan - known and loved for his hilarious work on 30 Rock and Saturday Night Live - is taking up residence in some fresh new Manhattan digs after his tropical fish tank caused a fire that damaged his Upper West Side...
Short Sales Up 74% In Southern California…
The number of transactions in which a home sells for less than the owner owes the bank is up 74% in the region this year, mainly due to a doubling of those so-called “short sales” in the Inland Empire, the Southern California Multiple Listing Service reported. County...
Equator Introduces Short Sale and HAFA Software for Smaller Firms
Equator, a software provider for the default servicing industry, has launched Professional (PRO) Short Sale and PRO HAFA modules to automate the offer management workflow for smaller firms operating in the REO industry. The software is part of Equator’s PRO...
As Unemployment Increases…Opportunity Increases For Self Employment
I love Zig Ziglar, this was part of a much larger story....but I found it so inspiring. Unemployment is high, and increasing daily. Unemployment benefits don't seem to be "a benefit" for many these days. Read and enjoy! America was built upon the pursuit of personal...
The "Super Prime" FICO Scorers More Likely to "Strategic Default"? …LOL
This article hit over the weekend in the Washington Post... It's enlightening...and some may even find it shocking! Who are the folks more likely to "strategically default"? The "Super Prime" FICO scorers! Yes, the snooty folks that look down on us with the less than...
Mortgage Delinquencies On the Rise…First Time Mortgage Defaults UP 10%
Baywatch Co-creator Gregory J. Bonnan's Malibu Compound For Sale
Baywatch co-creator Gregory J. Bonnan is selling his two-home Malibu compound, but each house is being listed separately out of consideration for those who can only afford one home at a time. The first has four bedrooms and four-and-a-half bathrooms and has a...
Treasury Launches New Mortgage Help for Unemployed in July
Starting July 1, homeowners can apply for assistance from the Home Affordable Unemployment Program (HAUP). HAUP provides homeowners a forbearance of monthly mortgage payments, either reducing them or suspending them for at least three months. Servicers can extend the...
Fed's Take Over Arrowhead Credit Union After Reporting Inaccurate Gains
Arrowhead Credit Union reported faulty financial numbers in March, months before last week's takeover by federal regulators, the government said Wednesday. "Arrowhead Credit Union posted inaccurate financial data in its March 2010 Financial Performance Report,...
Former Mortgage Exec Plead Not Guilty To Steal Bail Out Money!
The former head of a mortgage lending company accused of scheming to steal more than $500 million from the government's financial bailout fund has pleaded not guilty in the case. Lee Bentley Farkas entered the not guilty plea Friday in Alexandria, Va., to charges...