All across Florida, courts are starting to clear their overwhelmed dockets by dismissing foreclosure cases the banks have failed to prosecute. In one division of one of Florida’s 20 judicial districts, perhaps as many as 2,700 …
Finally, a couple of forces are joining to brighten the sector’s outlook. Particularly, a lack of new building is tightening supply and improving economic conditions are creating reasons for existing properties to rise in valu…
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…
The latest reports on home sales and prices offer a complicated and conflicted picture. But when the data are taken together, one thing is clear: Weighing risk and reward, it’s worth waiting a few months to see which way the re…
Fannie Mae and Freddie Mac both narrowed their losses in the fourth quarter of 2010. But they aren’t out of the woods yet: Both of the government-sponsored home-mortgage buyers have requested higher amounts of new federal aid t…