Monday, March 5, 2012

HOPE NOW Reports 74K Loan Mods; Potentially Volatile Week for Rates

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Mar 5, 2012 1:32PM

HOPE NOW Reports 74K Loan Mods in January, Focuses on Military

HOPE NOW , the voluntary foreclosure prevention program put together by a private sector group of mortgage servicers, investors, mortgage insurers, and non-profit counselors, is continuing its outreach efforts with a special emphasis on reaching military families in 2012. HOPE NOW has held three outreach events, in Charlotte, North Carolina, Tampa, and Miami so far this year. Four military bases have been identified for special events during the first half of 2012 with the first one scheduled in...

Mar 5, 2012 9:36AM

Aurora Bales and Sails; Wells Fargo Expands Globally

n the interesting side, per the FDIC, there were no new banks created in the US in 2011, making it the first year since at least 1984 that the country has gone without the establishment of a single start-up lender. The Financial Times reports that none of the three new banking charters reported by the US FDIC for 2011 were de novos. That is compared with three de novo banks reported in 2010. (A de novo bank is a freshly chartered bank that has not been created through the takeover of an existing...


Micro News

3:05 PM:

Treasuries Weaker Into The 3pm Close, MBS Follow. Possible Reprices

11:49 AM:

HOPE NOW: Mortgage Servicers Completed 74K Loan Mods in First Month of 2012

11:30 AM:

Greece's Venizelos Tells Bondholders Swap Offer is Final

10:41 AM:

MBS, Treasuries Improve After Economic Data, Stocks Lower

10:12 AM:

ECON: Factory Orders Decline By Most Since October 2010

10:07 AM:

ECON: ISM Non-Manufacturing Slightly Higher Than Expected

9:45 AM:

Weekend News Recap: Greece's Debt Swap Anticipation

8:56 AM:

Bond Market Marginally Weaker But Well-Supported At The Open

Around the Web

Video News

Bravo's Million Dollar Listing: A look Into NYC Real Estate

Monday's Bond Report with Rick Santelli

Office REIT Market


Today's Comments

Frank Ceizyk

"Sung--so you don't think this many homes are underwater?...Adam--completely agree with you...just add to that the flawed valuation method that only..."

Sung Kim

"Corelogic's data is flawed and stale."

Adam Miller

"Until they change the process that is currently in place with asset managers and REO listing agents, the number of homes underwater is only going to increase..."

Today's Q&A

"Who is responsible for handling Short Sale/Pre-Foreclosures at a bank? "

"I'm listed on a quitclaim deed for my deceased father. Am i required to pay the remaining mortgage?"

"Loan for addition on house."