Mortgage Relief Project

Prepare For The Coming Housing Collapse or Face Possible Financial Ruin

Posted on May 30, 2012 by project

Mortgage Servicing News Keith Jurow | May 30, 2012 Editor’s Note: Keith Jurow has been posting articles regularly for the past two years on BUSINESS INSIDER. He is the author of Minyanville.com’s Housing Market Report. After being the only analyst … Continue reading →

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Fed Turns to YouTube to Publicize Foreclosure Review

Posted on May 24, 2012 by project

The Federal Reserve Board is using YouTube to try to reach more borrowers who may be eligible to have their foreclosure files reviewed as part of consent agreements with the 14 largest mortgage servicers. The Fed released a video this … Continue reading →

U.S. Supreme Court RESPA Decision Stands as a Warning to the CFPB

Posted on May 24, 2012 by project

Posted: 24 May 2012 09:13 AM PDT The Supreme Court’s unanimous decision released today in Freeman v. Quicken Loans marks a defeat for the CFPB in the interpretation of RESPA, but also serves to underscore that administrative agencies are not … Continue reading →

Delinquency Rate Improvements Reaffirm Stabilization

Posted on May 21, 2012 by project

Declines in the mortgage delinquency rates on all one-to-four unit residential loans outstanding during the first quarter add another layer of affirmation to previous data that suggest some level of market stabilization. At 7.4%, according to the 1Q12 Mortgage Bankers … Continue reading →

Needy States Use Housing Aid Cash to Plug Budgets

Posted on May 18, 2012 by project

The New York Times May 15, 2012 Hundreds of millions of dollars meant to provide a little relief to the nation’s struggling homeowners is being diverted to plug state budget gaps. In a budget proposed this week, California joined more … Continue reading →

Principal Reductions Won’t Solve the Mortgage Mess

Posted on May 17, 2012 by project

By Ted Gayer and Phillip Swagel Edward DeMarco, the temporary director of the Federal Housing Finance Agency, continues to endure blistering criticism for refusing to allow Fannie Mae and Freddie Mac to pay for large-scale principal reductions for underwater borrowers … Continue reading →

Foreclosures Hit 5-Year Low: Is There Light At the End of the Tunnel for Housing?

Posted on May 17, 2012 by project

By Stacy Curtin | Daily Ticker – 5 hours ago A handful of housing data this week supports the case that the U.S. housing market may be heading for a recovery. Housing starts rose more than expected in April, up … Continue reading →

US Housing Chief Hits Road to Spur Mortgage Relief

Posted on May 16, 2012 by project

* HUD urging states to use money for housing relief * Donovan-diverting funds could have larger impact * Donovan visiting states, calling governors By Margaret Chadbourn and Aruna Viswanatha WASHINGTON, May 16 (Reuters) - President Barack Obama’s housing secretary has … Continue reading →

Judicial States Continue to Skew Foreclosure Statistics

Posted on May 16, 2012 by project

Mortgage News Daily At a conference call for media accompanying the release, Jay Brinkmann, MBA’s Chief Economist and Senior Vice President of Research and Education said that the combined percentage of loans in foreclosure or at least one payment past … Continue reading →

Too Broke to Go Bankrupt

Posted on May 7, 2012 by project

By Blake Ellis@CNNMoney May 7 NEW YORK (CNNMoney) — This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. The average cost to file for Chapter 7 bankruptcy protection, the most common form … Continue reading →