LFI Analytics
"Solution Based Products"
NEW BILL TO ADD ENERGY COSTS IN UNDERWRITING DECISIONS
Two Congressmen have introduced a bill that will require energy costs and other factors to be included in underwriting decisions.
http://www.mortgageorb.com/e107_plugins/content/content.php?content.10035
DIFFERENT MORTGAGE TYPES DEFAULT AT DIFFERENT TIMES
An article that describes how different types of mortgages default at different times, and under different economic conditions.
http://www.housingwire.com/2011/10/17/different-mortgages-default-at-different-times-nber-report
BARCLAYS EXPECTS FORECLOSURE TO SAP HOUSING DEMAND
Barclays predicting that foreclosures are going to ramp up again, and foreclosure timelines will decrease again. This will result in softening demand.
http://www.housingwire.com/2011/10/14/barclays-expects-foreclosures-to-sap-housing-demand
B OF A FORECLOSURES - 550 DAYS TO RESOVLE AFTER LOAN GOES 90 DAYS LATE
B of A is now taking 550 days to foreclose on properties after the homeowner goes 90 days late. Essentially, the homeowner lives for free in the home for 21 months.
Other lenders foreclose in as "little" as 15 months.
http://www.housingwire.com/2011/10/14/bofa-averages-550-days-to-resolve-troubled-subprime-mortgages
IS US ON VERGE OF A PRIME MORTGAGE CRISIS?
The latest Fitch Report on Housing indicates that 12% of all Prime Mortgage loans are now 60 days or greater late on payments. Even worse, 33% are in Negative Equity positions, and that number is expected to increase sharply in the near term.
http://www.bnet.com/blog/sports-entertainment/is-us-on-the-verge-of-a-prime-mortgage-crisis/1663
US SUPREME COURT DENIES MER CASE - GOMES V COUNTRYWIDE
In a widely anticipated and expected ruling, the US Supreme Court has denied to hear a California MERS ruling, Gomes v Countrywide. The original ruling found that MERS had an ability to foreclose on a property, as well as there being no requirement under CA law to "prove the note". As with other recent rulings, arguments against MERS and other foreclosure practices in CA are now essentially non-existent.
http://www.housingwire.com/2011/10/12/supreme-court-denies-appeal-of-mers-case
B OF A OFFERS $20K SHORT SALE INCENTIVE
B of is offering selected homeowners in Florida a $20,000 incentive to do a short sale, rather than have the property linger in foreclosure.
GEORGIA COURT SAYS MERS CAN TRANSFER SECURITY DEED
Once again, another Court finds that MERS is legitimate in its basic operations.
http://www.housingwire.com/2011/10/07/georgia-court-says-mers-can-transfer-security-deed
Print