Bargain Hunters Flock to Bid on Bank-Owned Homes, but Settlement Is Often Delayed
Read more »Foreclosure Sales Stalled by Red Tape
Category: Foreclosures & Short Sales Tags:
Big Banks Increase Foreclosure Activity
From the WSJ: Banks Ramp Up Foreclosures
J.P. Morgan Chase & Co., Wells Fargo & Co., Fannie Mae and Freddie Mac all say they have increased foreclosure activity in recent weeks. Those companies say they have lifted internal moratoriums which temporarily halted foreclosures.
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NAR 1, Banks 0 - Banks Out of Real Estate Brokerage
Realtor.org announces that the eight year battle to lock large banks out of the business of real estate brokerage has ended. President Obama has signed legislation that prohibits banks from entering the real estate brokerage and management business.
Read more »Top 5 Mortgage Lenders By Dollar Volume For 2008
Wells Fargo was the top lender in 2008 by nearly 45 billion dollars over the 2nd place lender, J.P. Morgan Chase & Co.
What jumped out at me is that originations were down 36 percent in 2008 compared to 2007’s lending.
Read more »Wells Fargo paying $371.5 million to government
The San Francisco-based bank said Monday it paid a $371.5 million quarterly dividend to the U.S. Treasury on the preferred shares the bank issued to the government in last fall's banking industry rescue.
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