Monthly Archives: August 2010

Why More FHA Foreclosures Loom Ahead?

While prin­ci­pal reduc­tion, loan work­outs and mort­gage mod­i­fi­ca­tions have not slowed the rate of fore­clo­sure from the burst­ing of the …Read the Rest

Obama mortgage relief: Do I qualify for a mortgage relief program?

Obama mort­gage relief: Do I qual­ify for a mort­gage relief pro­gram? Here’s a look at who qual­i­fies for a mort­gage …Read the Rest

Nearly Two-Thirds of Delinquent Mortgages Untouched: Study

By: Car­rie Bay 08/24/2010 Accord­ing to a new report from state attor­neys gen­eral and bank super­vi­sors from across the coun­try, …Read the Rest

Housing Market Continues to See First-Time Buyer Exodus

08/23/2010 First-time home­buy­ers con­tin­ued to desert the hous­ing mar­ket in July, accord­ing to a new indus­try study released Mon­day. Data …Read the Rest

Credit Report Agencies Liable if They Pass On Bad Watch List Data

Shan­non P. Duffy, The Legal Intel­li­gencer, On Fri­day August 20, 2010, 3:16 am EDT In a sig­nif­i­cant set­back for credit report­ing …Read the Rest

Existing home sales dive to 15-year low

Tues­day August 24, 2010, 10:48 am WASHINGTON (Reuters) — Sales of pre­vi­ously owned U.S. homes took a record drop in July …Read the Rest

GSEs’ Foreclosure Pipelines Will Grow Well into 2011: S&P

By: Car­rie Bay 08/23/2010 Despite the con­tin­ued efforts of mort­gage giants Fan­nie Mae and Fred­die Mac to find sus­tain­able work­outs …Read the Rest

credit card act

CHANGING LAWS ON MALL GIFT CARDS

Have you ever received a gift card for the mall or one of those pre-paid Visa or Mas­ter­Card, only to find out when you tried to use them that the card has expired, or due to the length of time, much of the funds were not avail­able for your use? This is an unfor­tu­nate occurrence […]

Bank of America is considering the sale of part of its 34% stake in the asset management firm BlackRock

The com­pany acquired Bar­clays Global Investors in Decem­ber 2009 under the Black­Rock name, mak­ing it the largest money man­ager in …Read the Rest

Treasury Corrects Its Math for HAMP Redefaults

08/12/2010 When the Trea­sury Depart­ment released its lat­est progress report for the Home Afford­able Mod­i­fi­ca­tion Pro­gram (HAMP) in late July, …Read the Rest

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