Foreclosure threat subsides for more Miami households
The percentage of Miami-area mortgages in some stage of foreclosure declined in March, signaling positive movement in the South Florida market.http://www.miamiherald.com/2013/05/24/3414227/miami-foreclosure-rate-down-but.htmlMiami HeraldMartha Brannigan
Michigan Senate committee approves bill to shorten foreclosure redemption period
A debate is stirring in Michigan over legislation that aims to shorten the redemption period for homeowners in foreclosure.http://www.detroitnews.com/article/20130524/POLITICS02/305240365/Bill-shorten-foreclosure-redemption-period-advances?odyssey=mod|newswell|text|FRONTPAGE|pDetroit NewsGary Heinlein
OCC: $2.3 billion foreclosure review checks cashed or deposited
Payouts from the Independent Foreclosure Review settlement continue, with $2.3 billion in checks now cashed or deposited by homeowners impacted by foreclosures in 2009 and 2010.
Sacramento housing market nears normal
An analysis by RealtyTrac Inc. shows Sacramento’s housing market headed for a more normal pattern, with new-housing permits growing briskly in early 2013 and foreclosures dropping sharply, writes the Sacramento Business Journal.http://www.bizjournals.com/sacramento/news/2013/05/24/sacramento-housing-market-moves-toward.htmlSacramento Business JournalBen van der Meer
A sign of the times? New Vista Asset Management shifts focus to originations
As the nation's default inventory shrinks, New Vista Asset Management is shifting its focus to the originations side of the market.