The huge decline in completed foreclosures is a positive signal that the housing market is on a possitive path of recovery and stabilization. These five states accounted for approximately half (48.1 percent) of all foreclosures completed over a one year period ending in July 2012. Those states we
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08/28/2012
Thanks to Hunter Paschall Washington Supreme Court finally ruled on Thursday that the Mortgage Electronic Registration Systems, Inc. (MERS) can't foreclose on any properties through the state's non-judicial process unless they hold the promissory note. In the court opinion, Justice Tom Chambers
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08/26/2012
FHFA New GSE Short Sale Guidelines The Federal Housing Finance Agency (FHFA) has announced that the government-sponsored enterprises (GSEs) are issuing new mortgage servicing guidelines designed to align and consolidate existing short sales programs into one standard short sale program. The new g
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08/24/2012
The Republican Party's presidential platform will not include a proposal to preserve the mortgage interest tax deduction. According to a Wall Street Journal report, the omission of the deduction is seen as a victory for conservative activists who are seeking to create a simplified tax code that e
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08/23/2012
