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Lisa Mahapatra | International Business Times | “A total of 55,000 foreclosures were completed in June, a 20 percent decline from a year earlier, according to a just-released report from CoreLogic , a financial services and analytics firm. The number of distressed homes have fallen for 19 consecutive months, as have the number of homes that are seriouslyRead more

CHRISTOPHER S. RUGABER | AP | BayNews9 | In this Tuesday, June 11, 2013, photo, a single house is offered for sale in Santa Monica, Calif. Sandard & Poor’s/Case-Shiller reports on home prices in May on Tuesday, July 30, 2013. (AP Photo/Nick Ut) “U.S. home prices jumped 12.2 percent in May compared with a yearRead more

Francys Vallecillo | World Property Channel | “The number of completed foreclosures in the U.S. decreased 20 percent in June from the same time last year, according to the latest data from CoreLogic. The data also showed positive signs for the foreclosure inventory in the U.S. In June, there were about one million homes inRead more

“HARP Mortgage Lenders, a national network of mortgage professionals who are approved for the Home Affordable Refinance Program , reported that recent Florida foreclosure rates are improving, but some counties are still swimming in waves of foreclosures and HARP 2.0 may just be the solution to their problem. According to RealtyTrac (the leading online marketplace for foreclosure properties and real estateRead more

Fox23.com | “Ally Financial and its related companies are paying about $198 million to settle federal complaints that the companies wrongfully foreclosed on homeowners. The Federal Reserve announced the agreement Friday with Ally Financial, the former lending arm of General Motors known as GMAC Mortgage. Ally’s settlement is similar to accords between federal regulators and 13 otherRead more

Paul Brinkmann | South Florida Business Journal | “An apparent oversight by JPMorgan Chase Bank recently led to the dismissal of a foreclosure on Valerie Kaan’s $8 million waterfront home in Boca Raton. The bank requested dismissal of the 2008 case when Kaan’s attorney, Roy Oppenheim, objected to the sudden appearance of the original note on the loan. The bankRead more

Christina Mlynski | Housing Wire | While the housing market is on the mend — with progress even in the hardest-hit states — the backlog of homes in foreclosure and real-estate owned properties is still clogging the pipeline, analysts claim. The East Coast is a testament to such findings, where the duration of the foreclosureRead more

Martin Michaels | Mint Press News | Protesters marched for International Workers Day on May Day in Minneapolis, Minn. (Photo/Fibonacci Blue via Flickr) “Last week, housing rights advocates in 15 U.S. cities delivered 10,000 petition signatures to Chase Bank branches demanding justice for Sergio Ceballos, a Minneapolis resident who faces what advocates believe is an unjust foreclosure proceeding.Read more

JANN SWANSON | Mortgage News Daily | “The Federal Reserve Bank of New York has updated and released proceedings of a conference it held last October in conjunction with the Rockefeller Institute of New York. The conference, entitled Distressed Residential Real Estate: Dimensions, Impacts, and Remedies was devoted to three main topics: An assessment volumes of properties thatRead more

Margaret Chadbourn | Reuters | “President Barack Obama is considering nominating Federal Reserve Governor Sarah Bloom Raskin to replace the U.S. Treasury Department’s No. 2 official, Neal Wolin, a source familiar with the matter said on Tuesday. Raskin, a former state banking regulator, has served on the U.S. central bank’s board since October 2010. She would bringRead more