March 2011

(Source: The Philadelphia Inquirer / By Jennifer Lin and Mark Fazlollah) – The U.S. Department of Housing and Urban Development expects to take action against the Philadelphia Housing Authority’s board once it receives information from three audits now under way, [...]

(Source: Business Wire) – RBI, the primary source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic region, today released its 2010 year end statistical analysis for the Baltimore metro housing market. The market [...]

(Source: MARKETWIRE ) – Calyx Software(R), a provider of loan marketing, originating and processing software, has expanded The Calyx Network with an Interface Update. The Calyx Network allows users of Point to connect directly with lenders and mortgage service providers, [...]

(Source: The Arizona Republic by Catherine Reagor) – The nations biggest lender has been getting in a lot of trouble lately, but that doesn’t mean they’ve stopped helping people. Bank of America has plans to announce today that it will [...]

(Source: The Miami Herald / By Toluse Olorunnipa) – When Florida’s Hardest Hit Fund program opens up to South Florida’s legion of distressed homeowners later this month, thousands will be able to access up to $35,000 each in federal assistance [...]

CINCINNATI (Source: PRNewswire) – Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank and the 14th largest mortgage originator in the country (Inside Mortgage Finance, Fourth Quarter 2010), continues to outpace the industry in permanent modifications in the government’s [...]

(Source: The Sun (Yuma, Ariz.) – The IRS  receives thousands of reports each year from taxpayers who receive suspicious e-mails, phone calls, faxes or notices claiming to be from the Internal Revenue Service.

(Source: The News-Times / By Stacy Davis) – After snow trespassed on roofs, sidewalks and streets all winter, it may now be invading homes disguised as water.

(Source: The Press Democrat / By Robert Digitale) – More than 1 in 4 homes sold in Sonoma County last month was purchased entirely with cash, nearly double the average for the last decade, according to a new report.

(Source: Saint Paul Pioneer Press / By MaryJo Webster) – Christi Rowan decided Tuesday to remain in the Sherburne County Jail until her sentencing on charges that she helped her fiancee, auto dealer Denny Hecker, hide assets from the bankruptcy [...]

(Source: LoanSafe.org) – Attention all HSBC mortgage holders, today HSBC Bank USA and HSBC Finance Corp. have announced that they are suspending all  foreclosures until further notice. Officials at the bank said they are “reviewing foreclosures where judgment has not [...]

(Source: By Christine Stapleton, The Palm Beach Post, Fla.) – She has a sales job with a six-figure salary. He owns a successful tech company. And they are in foreclosure. But unlike countless other Americans faced with losing their homes, [...]

(Source: Reuters) – Allstate Corp., the largest publicly traded U.S. home and auto insurer, sued Credit Suisse Group AG units over claims they fraudulently sold the insurer more than $231 million of residential mortgage-backed securities. Allstate asked for damages including [...]

(Source: By Joe Ferguson, The Arizona Daily Sun, Flagstaff) – The two-story, custom-built house in the Timberline neighborhood listed by Realtor Steven Scott isn’t your typical distressed home. The house is in nearly the same pristine condition as when the [...]

(Source: Americna Banker) WASHINGTON — After months of infighting, the federal banking agencies have reached an agreement on risk retention standards that would include some new rules for servicers, according to sources familiar with the matter. Under the agreement, which [...]

(Source: Associated Press/AP Online By DEREK KRAVITZ) WASHINGTON – Fewer Americans signed contracts to buy homes in January, the latest evidence that the housing market is struggling to rise above depressed levels. The National Association of Realtors says its index [...]