Monthly Archives: December 2010

U.S. Revises Loan Program Liens

In a rather depressing report out today, the US Office of the Comptroller of the Currency and the Office of Thrift Supervision has revealed that credit quality of first-lien mortgages serviced by large national US banks and thrifts remained steady during the third quarter … Continue reading

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U.S. Housing Giving Out Stats

RISMEDIA, December 27, 2010—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the December edition of the Obama Administration’s Housing Scorecard. The latest housing figures show continued home affordability in the housing … Continue reading

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Asset Seizure of Ashes Challenged in Court

A US widow is suing Bank of America for wrongly seizing her home and throwing away her husband’s ashes, the New York Times reported Wednesday. Mimi Ash reportedly returned to her California mountain chalet to find it devoid of furniture … Continue reading

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Wells Fargo Loan Modifies Pick A Pay Loans in California

Wells Fargo & Co. agreed to provide loan modifications worth more than $2 billion to California homeowners who have “pick-a-pay” loans, California Attorney General Jerry Brown said. Wells Fargo, the largest U.S. home lender, also will pay $32 million to … Continue reading

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California Dealing Well with Foreclosures Compared to Others

Foreclosures fell sharply last month, but California’s still one of the states with the highest rates in the country. Despite a 14 percent drop in foreclosure activity from October, California’s November foreclosure rate placed third, behind Nevada and Utah. Irvine-based … Continue reading

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