Commercial, Multifamily Mortgage Debt Exceeds Pre-Recession Level: MBA

Commercial, Multifamily Mortgage Debt Exceeds Pre-Recession Level: MBA
by AMILDA DYMI
The second-quarter volume of commercial and multifamily mortgage debt outstanding increased $24.9 billion, or 1%, from the previous quarter, according to the Mortgage Bankers Association, as some of the top investors increase their holdings.
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Foreclosures Back to Pre-Crisis Levels

Foreclosures Back to Pre-Crisis Levels
RealtorMag | October 16, 2014
A new sign that the foreclosure crisis may largely be in the rearview mirror, new filings in the third quarter of this year were down 16 percent from a year ago — bringing overall foreclosure activity down to its level before the housing crisis, according to RealtyTrac’s Foreclosure Market Report.

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Wayne County, Mich. Begins Foreclosure Process on 80,000 Properties

Wayne County, Mich. Begins Foreclosure Process on 80,000 Properties
Motor City Muckraker (Detroit) | Oct. 10, 2014
Detroit is aiming to further eliminate neighborhood blight and recover lost revenue from home owners who are delinquent on their mortgages. Wayne County is taking on an unprecedented effort to take possession of every property that is three or more years behind in taxes.

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Not All Lenders Think HELOCs are the Next Bubble

Not All Lenders Think HELOCs are the Next Bubble
HousingWire | October 16, 2014
As the wave of resets for home equity lines of credit continues to rise, many homeowners are left with higher monthly mortgage payments.

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Mortgage Rates Fall Below 4%

Mortgage Rates Fall Below 4%
The Wall Street Journal | October 16, 2014
Mortgage rates this week fell to their lowest level since June 2013, Freddie Mac reported Thursday, as the jitters being felt in the stock and bond markets ripple throughout the economy.

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(Chicago, IL) ‘Sovereign citizen’ sentenced to 7 years for filing phony $100 billion liens

Chicago Sun-Times
‘Sovereign citizen’ sentenced to 7 years for filing phony $100 billion liens

Cherron Marie Phillips leaves the Dirksen Federal building in June. She was sentenced Tuesday for filing false liens on the home of former US ..

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Five Years Later, Banks Have Not Forgotten Your Debt

Five Years Later, Banks Have Not Forgotten Your Debt
Reuters | October 15, 2014
Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.

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