California
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Report: Lenders Discount Bids at California Foreclosure Sales, with Almost No Success
Dec 17, 2007More than 12,000 foreclosed properties with an aggregate loan value of $4.91 billion sold at auction during November in California, according to a report issued late last week by real estate advisory ForeclosureRadar. The firm said the number of foreclosure sales represented a stunning 432 percent increase from year-ago levels. Faced with such a large influx of defaulted mortgages and decreasing prices, lenders and banks have begun dropping their bids for foreclosed properties — with almost no success.
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18 of 20 Major U.S. Housing Markets Saw Price Declines in November: Report
Dec 13, 2007 -
Union Bank Touts New ‘Two Step’ Mortgage Loan
Dec 12, 2007 -
S&P Downgrades Indymac to Junk
Dec 11, 2007 -
OFHEO: Housing Prices Decline for First Time in 13 Years
Nov 29, 2007 -
Countrywide Investigation Underscores New Reality in Mortgage Servicing
Nov 28, 2007 -
Schumer: Feds Need to Investigate Countrywide’s FHLB Advances
Nov 26, 2007 -
Law Firm Seeks Class Action Against Countrywide Securitization Trust
Nov 20, 2007 -
Report: 77 of 100 Top MSAs Saw Forelcosure Increases in Third Quarter
Nov 15, 2007 -
So Much for the Kitchen Sink: Wachovia Books More Losses, JPMorgan and BofA Warn
Nov 09, 2007 -
More than Subprime Resets: The Real Meaning of Two Waves
Oct 24, 2007 -
First American LoanPerformance: Some Local Areas Seeing Price Dips of 20 Percent
Oct 18, 2007
