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GTE CEO Faults Fannie on Foreclosure - Credit Union Times


Credit Union Times

GTE CEO Faults Fannie on Foreclosure
Credit Union Times
In these cases, the process had to be restarted, adding months to the foreclosure timeline and making the loan late and leading to the fees. Brancucci emphasized that the GTE does not disagree that foreclosures should be conducted by Fannie ...

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Ally Financial posts loss on foreclosure charge - MarketWatch


Ally Financial posts loss on foreclosure charge
MarketWatch
NEW YORK -(MarketWatch)- Ally Financial Inc., the US government-owned auto lender, swung to a $250 million net loss in the fourth quarter after taking a charge for regulatory penalties stemming from foreclosure matters. The Detroit-based lender, ...
Ally Financial Posts $250 Million Loss On Foreclosure ChargeWall Street Journal

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Homeowners In Limbo As Mortgages Go Unpaid, Foreclosures Drag On - LoanSafe


Homeowners In Limbo As Mortgages Go Unpaid, Foreclosures Drag On
LoanSafe
In situations involving a judicial foreclosure, the legal process can also extend the timeline.” Sal Poliandro, a Re/Max agent in Saddle River who specializes in short sales, said a number of homeowners in trouble have told him they'll wait for ...

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Chase, Wells slash foreclosure timelines but REO lingers - Housing Wire


Chase, Wells slash foreclosure timelines but REO lingers
Housing Wire
by JON PRIOR JPMorgan Chase (JPM: 37.66 0.00%) and Wells Fargo (WFC: 30.92 0.00%) cut their foreclosure timelines by as much as 100 days for some of the worst mortgages handled in the third quarter, according to a report from Moody's Investors Service.

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Foreclosure wait time drags to 806 days in Florida - Palm Beach Post


Los Angeles Times

Foreclosure wait time drags to 806 days in Florida
Palm Beach Post
By Kimberly Miller A foreclosure filed today in Florida will linger in the courts until March 28, 2014, before the bank takes possession, a timeline that has increased 40 percent in the past year. RealtyTrac analysts, who released new foreclosure data ...
Foreclosures expected to rise, pushing home prices lowerLos Angeles Times
Robo-signing delays push U.S. foreclosure filings to lowest level since 2007The Real Deal New York (blog)
2011 Foreclosures Fell to Four-year Low; Nevada at StandstillUPI.com

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