Articles from July 2011



Bank of America takes action about Foreclosure Houses moves in the Bulldozer

Nothing is new or surprising in the beleaguered US Housing market so to hear that the Bank of America takes action about  Foreclosure Houses moves in the Bulldozer Seems like one way of dealing with the problem just right off the debt and demolish the property. So I guess that saves all the properties being […]

Mortgage Applications rise 15.5 percent in the week ended July 15

The US mortgage market unexpectedly springs back to life as Mortgage Applications rise 15.5 percent in the week ended July 15 Official reports – quote –  After dropping our consecutive weeks, the Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity rose 15.5 percent in the week ended July 15, 2011. – more – […]

AG Eric Schneiderman asks Bank of America for Investor Names

The pressure is ratcheting up on the investigations investigating Bank of America Corp’s $8.5 billion settlement with investors over losses in mortgage-backed securities. Attorney General Eric Schneiderman Has requested the names of – quote – the names of various clients — including pension funds, government authorities and charities affiliated with the state — that invested […]

Mortgage Bankers Association say mortgage applications down last week

US  mortgage applications are down last week again as they fell 5.2 percent last week Mortgage Bankers Association say mortgage applications down last week More details  MBA – quote – “Refinance activity, already constrained by a smaller pool of eligible borrowers, declined in response to the higher rates, but purchase applications picked up appreciably in […]