Thursday, February 23, 2012

Mass Court May Rule on Retroactivity of some Foreclosures Tied to 'Naked Mortgages'

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Feb 23, 2012 10:17AM

Mass Court May Rule on Retroactivity of some Foreclosures Tied to 'Naked Mortgages'

Another next major marker in the convoluted foreclosure landscape will probably come in the next few weeks when the Massachusetts Supreme Judicial Court (SJC) is expected to rule on Eaton v. Federal National Mortgage Association (Fannie Mae). This is another in a series of cases challenging the right of various lenders and nominees to foreclose on delinquent mortgages based on assertions that those parties do not own or at least cannot prove they own the enabling legal documents. Eaton raises an...

Feb 23, 2012 3:46PM

Mortgage Rates Continue Slow, Steady Improvements

Mortgages Rates continued to improve at a slow and steady pace. After rising somewhat abruptly into the end of last week and beginning of the current week, rates began to fight back yesterday, but the improvements have been and continue to be relatively minor. This leaves plenty of lenders still best-priced at 4.0%, but with a few more falling back into 3.875% Best-Execution levels today. In short, we're on the same fence as yesterday, but in a slightly more comfortable position. Additional reading...


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Today's Comments

Michael Kelleher

"Great educational piece!"

Don

"Look at the big picture Frank. Don't get stuck in the weeds. This is as good an easy explanation as I have seen. Read it...................Submitted..."

Frank Ceizyk

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Today's Q&A

"Between jobs, can I still close on an FHA loan before my new Job starts?"

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