Articles tagged with: default
TransUnion – the third largest credit bureau in the United States – predicts that mortgage delinquency rates will fall in 2012.
The delinquency rate is defined as the number of borrowers that are 60 days or more behind on their mortgages. TransUnion predicts that rate will hit 6 percent in the first quarter of 2012 and then drop to around 5 percent by the end of the year. According to TransUnion, the delinquency rate peaked in the fourth quarter of 2009 at 6.89 percent.
While a falling delinquency rate comes as good …
Business, News, Politics, Real Estate »
So many bills came through the most recent Arkansas legislative session that a few important ones were somewhat overlooked.
One of those is Act 885, a bill that was introduced by State Rep. Tiffany Rogers (D-Stuttgart) and was signed into law by Gov. Mike Beebe at the end of March. What is that law? Simply put, it requires mortgage companies to provide a copy of the note and mortgage to people going through foreclosure.
That might sound like a minor bill, but it assures an essential right. Last year, of course, a …
Business, News, Real Estate »
Unless you’ve been completely out of contact with the various media outlets throughout the United States, you’ve heard that attorneys general in all 50 states and banking regulators in 30 states launched an investigation into foreclosure practices.
Click the aforementioned link for more details, but the long and short of it is this — there are some serious questions about the adequacy of paperwork filed in foreclosure actions around the nation. There have been questions in some extreme case over the ability to bring a legitimate foreclosure action at all due …