Monthly Archives: February 2013

California Moving From First in Foreclosures to First in Housing Market Recovery

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By: Michael Powers According to a recent report by RealtyTrac, California foreclosures have dropped nearly 40% from a year ago, ridding the state of its dubious ranking as the highest foreclosure state in the country. This downward trend has been … Continue reading →

Obama’s State of the Union Gives Little Mention to Housing Crisis

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By: Michael Powers President Obama’s State of the Union speech gave little mention to the housing crisis, as the housing market shows signs of improvement and his HAMP (Home Affordable Modification Program) program begins to wane in popularity. But, did … Continue reading →

Hope Now Report Shows Shift Favoring Homeowners

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By: Michael Powers According to a recent report by the Hope Now Alliance, HAMP loan modifications were down nearly 50% in 2012, as lenders and servicers shift their focus to “in-house” or proprietary loan modification programs. In addition, the report … Continue reading →