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Bankers Pan Appraisal Revamp Plan
Dateline: Friday, May 2, 2008 by Http://online.wsj.com/article/SB120960879849358391.html?mod= |
By James R. Hagerty
Word Count: 307 | Companies Featured in This Article: Fannie Mae, Freddie Mac
The Mortgage Bankers Association denounced plans initiated by New York Attorney General Andrew Cuomo to reorganize the appraisal business.
The trade group said in a letter Wednesday that the plan should be withdrawn or at least modified. The |
 |  | Foreclosures jump in Utah
Dateline: Tuesday, April 29, 2008 by Http://deseretnews.com/article/1,5143,695274654,00.html |
Foreclosures jump in Utah
Increase is 78% over year ago; state`s filing rate is 18th in U.S.
By Jasen Lee
Deseret News
Published: Tuesday, April 29, 2008 12:36 a.m. MDT
The foreclosure rate in Utah jumped by nearly 78 percent in the first quarter of this year, compared with the same period last year, according to a report released Monday.
The RealtyTrac report also showed that the number of foreclosures in the Beehive State increased 34 percent from the fourth quarter 2007 to the first quarter of this year.
Utah ranked 18th in the nation in the number of homes in foreclosure. One in every 274 households in Utah had received a foreclosure filing in the first quarter, compared to the national average of one in 194 |
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Jumbo mortgages caught up in subprime fallout
Dateline: Tuesday, April 22, 2008 by Http://www.heraldextra.com/content/view/263260/18/ |
Tuesday, 22 April 2008
Jumbo mortgages caught up in subprime fallout
Brendan M. Case - THE DALLAS MORNING NEWS
DALLAS -- For months, mortgage lenders have been backing away from borrowers with spotty credit, all but closing down the so-called subprime mortgage market.
More surprisingly, they`ve also been increasingly loath to lend to |
| | Foreclosure future grim for Utahns
Dateline: Thursday, April 17, 2008 by Http://deseretnews.com/article/1,5143,695271092,00.html |
By Jasen Lee
Deseret News
Published: Thursday, April 17, 2008 12:36 a.m. MDT
Utah`s housing bubble is forecast to burst in a big way, with one in 25 Utah homeowners projected to be in foreclosure in the next two years, according to a report released Wednesday by The Pew Charitable Trusts.
The report attributed the rise in foreclosures to subprime loans made in 2005 and 2006. In those years, 24 percent of home loans in Utah were subprime.
The outlook is grim in several other states, as well, including Nevada, where one in 11 homeowners are projected to be in foreclosure in the next two years, and Arizona, where one in 18 homeowners may face the same circumstance. Rounding out the five states with the highest projected foreclosure |
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