September 17, 2015
Thursday’s Advocacy & Think Tank Round-up
Corelogic’s Second Quarter U.S. Equity Report indicated that over three-quarters-of -a-million properties regained equity, while 4.4 million remain in negative equity over the same period. Aggregate negative equity fell $28 billion from $338 billion to $309 billion. According to Corelogic … Continue reading
September 17, 2015 in Foreclosures | Permalink | No Comments
August 18, 2015
Tuesday’s Regulatory & Legislative Round-Up
The Consumer Financial Protection Bureau has launched an Online Guide for Real Estate Professionals to understand their obligations under the new “Know Before You Owe” mortgage disclosure rules, which become effective October 3, 2015. The Know Before You Owe mortgage initiative … Continue reading
August 18, 2015 in Foreclosures | Permalink | No Comments
August 13, 2015
Thursday’s Advocacy & Think Tank Round-Up
The Institute of Housing Studies at DePaul University has issued a report analyzing foreclosure activity which finds that foreclosures are down in the Chicago area in 2014. The report also finds that mortgage activity remains low while investor buyers have … Continue reading
August 13, 2015 in Foreclosures | Permalink | No Comments
August 3, 2015
Foreclosures & Credit Card Debt
Paul S. Calem, Julapa Jagtiani and William W. Lang have posted Foreclosure Delay and Consumer Credit Performance to SSRN. Effectively, it argues that long foreclosure delays may have reduced the credit card default rate because homeowners in default were able to pay … Continue reading
August 3, 2015 in Foreclosures | Permalink | No Comments
Monday’s Adjudication Roundup
The Third Circuit upholds class certification in case against PNC Bank NA, in which individuals are alleging the bank participated in an illegal home equity lending scheme. Residential Credit Solutions Inc., a mortgage servicing company, will pay $1.6 million in … Continue reading
August 3, 2015 in Foreclosures | Permalink | No Comments
July 23, 2015
Thursday’s Advocacy & Think Tank Round-Up
The Federal Reserve Bank of New York’s Staff Report, Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays, examines the interconnectedness of debt repayment decisions – specifically finding that mortgage default is negatively correlated with … Continue reading
July 23, 2015 in Foreclosures | Permalink | No Comments
July 15, 2015
Wednesday’s Academic Roundup
Mortgage Finance and Technological Change, Robin Döttling & Enrico C. Perotti, Tinbergen Institute Discussion Paper 15-079/IV. Sustaining Neighborhoods of Choice: From Land Bank(ing) to Land Trust(ing), James J. Kelly Jr., Washburn Law Journal, Vol. 54, No. 3, 2015. President Eisenhower’s … Continue reading
July 15, 2015 in Foreclosures | Permalink | No Comments
