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Foreclosure Deal Deadline Arrives as States Consider Releases - BusinessWeek
Mon, 06 Feb 2012 05:40:46 GMT

Foreclosure Deal Deadline Arrives as States Consider Releases
BusinessWeek
6 (Bloomberg) -- States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they'll give up.
Calif. and NY considering foreclosure-abuse dealThe Associated Press
US states near $25bn foreclosure settlementThe Guardian
1 million could get mortgages reduced by average of $20000; 750000 could get ...Newser

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AZ HB2584 Short Sale Provision Would Expand Consumer Protections, But Will ... - PR Web (press release)
Mon, 06 Feb 2012 08:33:24 GMT

AZ HB2584 Short Sale Provision Would Expand Consumer Protections, But Will ...
PR Web (press release)
Bob Hertzog with Summit Home Consultants in Phoenix, AZ says that new AZ legislation promises to give short sales the same anti-deficiency protection as foreclosures. Legislators are torn between coming down on the side of homeowners or lenders.

Private Equity Firms Purchase Fannie Mae Foreclosures - Housing Predictor
Mon, 06 Feb 2012 03:15:53 GMT

Daily Mail

Private Equity Firms Purchase Fannie Mae Foreclosures
Housing Predictor
The government backed agency has disclosed few specific details behind its plan to unload most of its current 122616 foreclosure inventory. But the portfolio of foreclosed homes will first be limited to test bulk purchases in Florida, Arizona and ...
Fannie Mae tries partnerships with investors to sell foreclosuresSun-Sentinel

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Report: Massachusetts, Nevada Would Have to Give Up Foreclosure Fraud Suits to ... - Firedoglake
Mon, 06 Feb 2012 18:18:46 GMT

Report: Massachusetts, Nevada Would Have to Give Up Foreclosure Fraud Suits to ...
Firedoglake
The releases protect them from legal claims tied to foreclosures, mortgage-servicing and origination of loans, said another person familiar with the deal [...] The settlement, meanwhile, would also require Massachusetts, Nevada and Arizona, ...

Arizona housing experts guarded but hopeful - Arizona Republic
Sat, 04 Feb 2012 06:27:44 GMT

Arizona housing experts guarded but hopeful
Arizona Republic
"Many people believe we are three-fourths through the foreclosures," said Greg Vogel, CEO of Land Advisors, during a discussion on homebuilding. "There's anticipation this spring will be better for housing." Metro Phoenix home prices ticked up at the ...
Phoenix housing market starting to recoverThe Seattle Times

all 7 news articles »

Foreclosure sales fell in 3Q, but still made up 20 percent of all homes sold - Washington Post
Thu, 26 Jan 2012 05:29:33 GMT

Chicago Tribune

Foreclosure sales fell in 3Q, but still made up 20 percent of all homes sold
Washington Post
LOS ANGELES — Foreclosures made up a smaller slice of all US homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed. Despite the decline, foreclosures still represented 20 percent of all homes sold ...
Foreclosure Homes Account for 20 Percent of All US Residential Sales in Q3 ...MarketWatch (press release)
Foreclosure Properties Decline to 20% of Home Purchases in USBusinessWeek

all 392 news articles »

Foreclosures Draw Private Equity as U.S. Selling 200000 Homes: Mortgages - Bloomberg
Tue, 31 Jan 2012 20:13:25 GMT

Bloomberg

Foreclosures Draw Private Equity as U.S. Selling 200000 Homes: Mortgages
Bloomberg
Enlarge image Foreclosures Foreclosures Joe Raedle/Getty Images Renzo Salazar maintains the yard around a foreclosed home after the bank hired him to keep the home from falling into complete dilapidation, on Nov. 10, 2011 in Miami.

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Foreclosures Draw Private Equity as US - BusinessWeek
Tue, 31 Jan 2012 05:37:51 GMT

Foreclosures Draw Private Equity as US
BusinessWeek
31 (Bloomberg) -- Private equity firms are jumping into distressed housing as the US government plans to market 200000 foreclosed homes as rentals to speed up the economic recovery. GTIS Partners will spend $1 billion by 2016 acquiring single-family ...

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Foreclosures trending downward - Prescott Daily Courier
Fri, 03 Feb 2012 17:13:59 GMT

Foreclosures trending downward
Prescott Daily Courier
But Blomquist said he didn't believe that was a major problem in Arizona like it is in other states. November foreclosures were down 5 percent over the same month in 2010 and the December rate fell 21 percent over December 2010, according to Blomquist.

Fannie Mae Partners Seek Bulk Buys in Cities Headed for Recovery - BusinessWeek
Thu, 02 Feb 2012 05:46:19 GMT

Fannie Mae Partners Seek Bulk Buys in Cities Headed for Recovery
BusinessWeek
2 (Bloomberg) -- Fannie Mae's plan to convert foreclosed homes into rentals through sales to investors hinges on offering concentrated packages of properties in areas such as Florida, Arizona and Southern California where a real estate recovery may ...

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