The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS Palm Coast, FL – February 23, 2011 – The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with […]
Judge finds credence in claims of breach of fiduciary duty, tortuous interference, negligence, and conspiracy. Plaintiffs can move forward with discovery and its pursuit of class action status. Palm Coast, FL – February 23, 2011 – Credit Suisse and Cushman & Wakefield are on the hot seat. When a group of 7 attorneys filed a […]
Past economic recoveries have been led by a turnaround in housing, not the other way around. So what’s holding the housing recovery back this time? Palm Coast, FL – February 22, 2011 – [UPDATED to include Pine Lakes] The United States is clearly in the deepest and longest housing slump since the Great Depression with no clear […]
A suspended Florida attorney is facing three decades behind bars for lying on a mortgage application as part of a much larger $4.2 million scheme. Palm Coast, FL – February 21, 2011 A suspended Florida attorney is facing three decades behind bars for lying on a mortgage application as part of a much larger $4.2 […]
Lisa and Mitchell Glogowers’ home is scheduled to be sold at auction in March, despite attempts to get a loan modification and going to mediation with their lender. Palm Coast, FL – February 21, 2011 Florida’s Supreme Court sought a foreclosure lifeline in forcing banks and borrowers to mediation. It was hoped a judicial referee […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – February 19, 2011 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
The electronic registry of mortgage records built by Fannie Mae, Freddie Mac and major lenders more than a decade ago has been under increasing fire by homeowners, prosecutors, politicians, and others Palm Coast, FL – February 17, 2011 Mortgage Electronic Registration Systems, or MERS, told its members Wednesday not to foreclose on residential mortgages in […]
Critical deficiencies and shortcomings resulted in violations of state and local foreclosure laws, regulations, or rules and have had an adverse effect on the functioning of mortgage markets. Palm Coast, FL – February 17, 2011 U.S. banking regulators investigating flawed foreclosures are “finalizing” remedial requirements and sanctions against mortgage servicers, Acting Comptroller of the Currency […]
”Mortgage rates remained above 5 percent last week, up almost a full percentage point from their October lows, and refinance volume continued to drop.” Palm Coast, FL – February 16, 2011 The volume of mortgage applications filed in the past week continued to fall as rates hovered above 5% and mortgage refinancings declined, the Mortgage […]
The National Association of Home Builders/Wells Fargo sentiment index registered a reading of 16 for the fourth consecutive month, in line with the median forecast of economists surveyed. Palm Coast, FL – February 15, 2011 Confidence among U.S. homebuilders stagnated in February, reflecting a still-depressed housing market. The National Association of Home Builders/Wells Fargo sentiment […]