The housing market no longer needs to be told that it has been in the slumps for too long. Though it does not need another reason to be wallowing in the lows, the recent foreclosure paperwork mess has given it just that. And to make matters worse, a global rating agency predicts that the housing market will stay depressed if Read full article »
Tag archives for delays
Foreclosures May Continue But Banks Should Fix Documents, Says FHFA
Lawmakers and consumer groups are outraged by the new policy statement written by the Federal Housing Finance Agency (FHFA) regarding the recent mess on foreclosure proceedings. If they had this violent reaction, what more the thousands of homeowners who are facing foreclosures? Perhaps going with the Obama administration’s stand that a foreclosure moratorium in all 50 states is damaging to the Read full article »
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