Relevant:
- Foreclosures Down 16% as Servicers Embrace Alternatives
- Is This the End of the Housing Bust?
- Housing Crash to Resume on 7 Million Foreclosures, Amherst Says
- Federal Reserve fines MetLife $3.2 million for foreclosure problems
- Home Prices Drop in 36 States; Beazer Warns on Orders; 8 Million Foreclosure-Bound Homes to Hit the Market; Prices to Stagnate for a Decade
2009-09-25 — thetruthaboutmortgage.com
" It seems all the positive housing sentiment is taking a turn for the worse again, thanks in part to a new report from Amherst Securities. seven million strong foreclosure overhang to depress home prices "
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Comments:
mortgagemess at 01:24 2009-09-26 said:
What do you expect? When you have foreign investors, like Deutsche Bank, telling servicer OneWest BANK(formerly Indymac that was taken over and saved by the US Government) to quote, "Tell borrowers that Deutsche Bank is NOT participating in ANY mortgage modification programs at this time" how do you expect a recovery? Deutsche Bank is one of the biggest investors of US home mortgages, yet they REFUSE to participate in a program...the foreclosurese will go on and on.. PermalinkMortgageDrummer at 21:45 2009-09-27 said:
And the lenders are allowed to keep it off their books for up to 2 years. :cry: :x :evil: See you guys in 24 months from. . . . . . . . :roll: :?: The sad part is, our industry is ruined!!! :evil: :x :twisted: For the few that jumped in when the getting was good , , go get a job doing something else. There is alot of you out there (social engineer's, used car salesman) that have ruined it for the veterans in our industry!!! :twisted: :evil: :cry: :x Permalinkadd a comment | go to forum thread
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