Afternoon Edition: Average loan in foreclosure hits 492 days, What the banks don't want you to know about how foreclosure's are REALLY being handled.

Afternoon Edition: Average loan in foreclosure hits 492 days, What the banks don't want you to know about how foreclosure's are really being handled. Because our Government has made this Mortgage crisis so easy for the Lending Institutions is this actually causing the delay in our economy's come back?
This news letter is an excellent source for those interested in Real Estate an Pension Fund news!

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Subject: Afternoon Edition: Average loan in foreclosure hits 492 days

Email not displaying correctly? View it in your browser. November 29th, 2010 Forward to a Friend Update your profile Subscribe to Magazine Paul Jackson A loan in foreclosure: 492 days — and growing The average age of a loan in foreclosure hit 492 days in October, and appears as if it will only loom ever-longer in the months ahead. But it’s how we got here that is the real untold story: One that is as much about an overwhelmed loan servicing function as... Read More » Orlando Sentinel Call-center confusion disrupts help for distressed homeowners After a yearlong fight with her mortgage company's call center, Clare Sheaffer feels like a poster child for the country's foreclosure crisis. The former St. Cloud City Council member's center saga began last year when she was laid off from her job as program manager for a... Read More » National Mortgage News Prefunding fraud analytics helps reduce potential risk Fraud risk control is commonly recognized as an effective way to avoid loan buybacks. Avivah Litan, vice president and analyst at Gartner research firm, says lenders who want to remain competitive in fraud management are also aware that they “cannot continue doing business as usual.” Instead of obsolete... Read More » The New York Times When finding an apartment is only half the battle In New York City real estate, there are few titles more thankless than guarantor. People who do not make enough to afford their paycheck-devouring rents must find a well-paid relative, a benevolent family friend or perhaps a kidnapped and hypnotized multimillionaire to supply personal... Read More » Bloomberg Mortgage buybacks may cost banks $106 billion, FBR’s Miller says JPMorgan Chase & Co. and Bank of America Corp. are among U.S. banks that may face $54 billion to $106 billion in costs as more investors demand that issuers of mortgage-backed securities repurchase faulty loans, according to Paul Miller of FBR Capital Markets. Miller estimated in September... Read More » The Herald News $1 million mortgage forgiven on old police station It’s not every day someone forgives a million-dollar mortgage. But that’s apparently the latest twist on the sale of the old Bedford Street police station that’s confounded officials for more than three years. A “satisfaction of mortgage” was signed by Pete Benevides of the Florida company Infinity Mortgage... Read More » CNBC John Taylor: Foreclosures are the mortal enemy to economic recovery The foreclosure crisis still divides us into two camps. There are those who believe that foreclosing rapidly on homes subject to defaulted mortgages is vital to clearing the market. Others believe we should do everything we can to keep people in their homes, urging loan modifications... Read More » The Wall Street Journal What happened to the government’s short sales program? In April, the Obama administration formally rolled out a new program, called Home Affordable Foreclosure Alternatives, that was designed to spur more short sales, where banks allow homeowners to sell their homes for less than the mortgage debt outstanding. Like other foreclosure-prevention initiatives, this one appears to be... Read More » The Columbus Dispatch Banks accused of misleading owners When Caitlyn Corso’s salary as a veterinary technician was cut last year, she couldn’t keep up with her mortgage payment. She fell into a pattern of making her $1,200 payment 30 days late. She asked for a loan modification from her mortgage servicer, Chase Home... Read More » December 4 - 6, 2010 NAMB West Conference December 7 - 9, 2010 Triple Play REALTOR Convention and Trade Expo January 12 - 14, 2011 Real Estate Connect 2011 January 28 - 30, 2011 REOCON Summit 2011 February 6 - 9, 2011 ASF 2011 Current Issue HousingWire Update Publisher: Paul Jackson Executive Editor: Kerry Curry 469-893-1516 Editor: Jacob Gaffney 469-893-1494 Reporter: Jason Philyaw 469-893-1513 Reporter: Christine Ricciardi 469-893-1514 Reporter: Jon Prior 469-893-1505 The HousingWire Daily Update is a daily electronic publication offered for free to qualified industry professionals who have opted in to receive our newsletter. Thanks for being on the cutting edge! If this email has been forwarded to you, please visit HousingWire to subscribe. The LTV Group LLC 2701 Dallas Parkway Suite 200 Plano, Texas 75093 Phone: 469-893-1480 Any reprints or other use of these articles in whole or in substantial part, in any medium, requires advance written permission from The LTV Group. For reprint information on stories in the HousingWire Daily Update, please contact Christina Vick at 469-893-1493. The links and stories provided in "Around the Web" are to the publisher, publication, or article. Some links may require registration or subscription. The LTV Group is not affiliated with the referenced publications. Unsubscribe from the HousingWire Update. We'd be sorry to see you go. Copyright 2010 The LTV Group LLC. All rights reserved.