Posted by Leonard Steinberg on April 24th, 2012 The press is reporting that the U.S. homeownership rate may fall two percentage points to 64 percent, below historic norms, amid about six million additional foreclosures and tight lending standards, according to Pacific Investment Management Co.’s Scott Simon. This translates to about 4 million homeowners turning into renters…. [Read More]
U. S. MORTGAGE RELIEF PROGRAM ON ROBO-SIGNED FORECLOSURES ALMOST AGREED UPON.
Posted by Leonard Steinberg on February 6th, 2012 A deal is about to be agreed upon for the Obama led multibillion-dollar mortgage relief settlement to address foreclosure abuses by large banks between 2007 and 2011. The potential support from California and New York comes in exchange for tightening provisions of the settlement to preserve the right to… [Read More]