Bankruptcy Court Online » Octavion

Misguided Housing Subsidies Promote Unfairness, Bailouts

Octavion — Tue, 22 Jun 2010 15:41:00 +0000

Misguided Housing Subsidies Promote Unfairness, Bailouts June 22, 2010, USA TODAY If there are two things that middle-class taxpayers who behave responsibly don't like, they are (1) having their money go to irresponsible people, and (2) having their...(read more)

Misguided Housing Subsidies Promote Unfairness, Bailouts is a post from: Bankruptcy Court Online

Lawmakers Battle Over Foreclosure Remedies

Octavion — Mon, 21 Jun 2010 15:27:00 +0000

Lawmakers Battle Over Foreclosure Remedies June 20, 2010, Press Enterprise The number of mortgage defaults and home foreclosures is falling in the Inland area and around the state, but the tug of war between the lending industry and people pushing for...(read more)

Lawmakers Battle Over Foreclosure Remedies is a post from: Bankruptcy Court Online

High Default Rate Seen for Modified Mortgages

Octavion — Wed, 16 Jun 2010 16:11:00 +0000

High Default Rate Seen for Modified Mortgages June 16, 2010, Wall Street Journal Fitch Ratings Ltd. forecasts that most borrowers who get lower mortgage payments under a federal government program will default within 12 months. Among those with loans...(read more)

High Default Rate Seen for Modified Mortgages is a post from: Bankruptcy Court Online

U.S. Home Foreclosures Climb 44% to Record in May

Octavion — Fri, 11 Jun 2010 15:17:00 +0000

U.S. Home Foreclosures Climb 44% to Record in May Bloomberg, June 11, 2010 U.S. home foreclosures reached a record for the second consecutive month in May, with increases in every state, as lenders stepped up property seizures, according to RealtyTrac...(read more)

U.S. Home Foreclosures Climb 44% to Record in May is a post from: Bankruptcy Court Online

May Foreclosure Rate Steadies as Banks Hold Back

Octavion — Thu, 10 Jun 2010 16:13:00 +0000

May Foreclosure Rate Steadies as Banks Hold Back Associated Press, June 10, 2010 The number of people facing foreclosure is nearly flat from a year ago, according to the latest report from a private foreclosure listing service. A third fewer people are...(read more)

May Foreclosure Rate Steadies as Banks Hold Back is a post from: Bankruptcy Court Online

Bernanke Issues Deficit Warning

Octavion — Wed, 09 Jun 2010 17:08:00 +0000

Bernanke Issues Deficit Warning Wall Street Journal, June 9, 2010 The U.S. economy should continued to grow this year and next, but the pace won't be strong enough to fix the jobs market and cut a huge budget deficit, the Federal Reserve chief said...(read more)

Bernanke Issues Deficit Warning is a post from: Bankruptcy Court Online

Chicago Landmark in Foreclosure

Octavion — Tue, 08 Jun 2010 20:17:00 +0000

The Allerton Hotel — located at 701 N. Michigan on Chicago’s Miracle Mile — has defaulted on a $70 million loan. The Allerton is the latest and largest commercial foreclosure in Chicago to run into financial trouble during the recession...(read more)

Chicago Landmark in Foreclosure is a post from: Bankruptcy Court Online

Alt-A Delinquencies Fall For Second Straight Month – Fitch

Octavion — Tue, 08 Jun 2010 15:40:00 +0000

Alt-A Delinquencies Fall For Second Straight Month - Fitch Associated Press, June 7, 2010 Delinquencies among alt-A residential mortgages packaged into residential mortgage-backed securities dropped in May — extending a decline that began a month...(read more)

Alt-A Delinquencies Fall For Second Straight Month – Fitch is a post from: Bankruptcy Court Online

U.S. Banks’ Foreclosure Holdings Increased 12.5% in Q1

Octavion — Mon, 07 Jun 2010 15:35:00 +0000

U.S. Banks' Foreclosure Holdings Increased 12.5% in Q1 DSNews, June 4, 2010 Foreclosed property held by U.S. banks increased 12.5 percent to $41.5 billion during the first quarter of this year, according to a recent analysis by SNL Financial, a financial...(read more)

U.S. Banks’ Foreclosure Holdings Increased 12.5% in Q1 is a post from: Bankruptcy Court Online

Crisis Makes RealtyTrac ‘Go-To’ Company

Octavion — Thu, 27 May 2010 15:49:00 +0000

Crisis Makes RealtyTrac 'Go-To' Company May 22, 2010, Salt Lake Tribune In a partnership with The Salt Lake Tribune, RealtyTrac provided more than 44,000 address-level records on foreclosures in Utah from July 2008 through March 2010 on the condition...(read more)

Crisis Makes RealtyTrac ‘Go-To’ Company is a post from: Bankruptcy Court Online