News of Interest to the REO Industry and Investors

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Mortgage Relief Plan Is Closer to Winning Support of California Potential support from California and New York would come in exchange for tightening provisions in order to preserve the right to investigate past misdeeds by the banks, and stepping up oversight.

Mortgage Tornado Warning, Unheeded Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.

An Easier Path to Refinancing President Obama’s new mortgage refinancing plan could provide considerable relief for millions of homeowners shackled to high interest rates, if Congress approves it.

11 Metros with 50% Foreclosure Discounts If you’re looking to save big on a foreclosure purchase, you should consider buying in one of these 11 towns where foreclosure homes on average sold for at least a 50 percent discount in Q3 2011.

The Road to Flipping 1,000 Homes I have always been a bit of a gambler and come from an entrepreneurial upbringing; a childhood friend in the mortgage business asked me to head down to a local foreclosure auction and meet Mike Baird.

Strategic Default “Only Choice” for Some Strategic defaults are on the rise, writes Jon Maddux, CEO of YouWalkAway in the December 2011 issue of the Foreclosure News Report, a monthly newsletter published by RealtyTrac.

January Unemployment Falls to 8.3 Percent January Unemployment Falls to 8.3 Percent By Christopher Rugaber, Associated Press, Feb 3, 2012 In the most impressive surge for the job market since the middle of last decade, the United States added 243,000 jobs in January, far more than economists...(read more)

What Obama’s Housing Plan Means for You What Obama’s Housing Plan Means for You By Sara Kehaulani Goo, Washington Post, Feb 1, 2012 Many people are wondering about President Obama’s refinance plan, announced Wednesday, and a new program that would try to make thousands of vacant...(read more)

Home Prices Drop in November for Third Straight Month Home Prices Drop in November for Third Straight Month By Derek Kravitz, Associated Press, Jan 30, 2012 Home prices fell for a third straight month in November in nearly all cities tracked by the Standard & Poor's/Case-Shiller home-price index...(read more)

RealtyTrac Secures Capital Investment from Renovo Capital, Positioning the Company for Continued Growth RealtyTrac today announced that the company has obtained a substantial capital investment from Renovo Capital LLC through the private equity firm’s Renwood Opportunities Fund.

MRIS Adds RealtyTrac to its Suite of Products Rockville, MD November 7, 2011 — MRIS customers now have the option to access two million national pre-foreclosure, auction and REO properties in the U.S., as well as newsletters, distressed property sales training, and property valuation tools via t

Foreclosure Activity on Slow Burn Foreclosure filings were reported on 610,337 properties in the third quarter, an increase of less than 1 percent from the previous quarter and a decrease of 34 percent from Q3 2010.

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