Nation’s Biggest Banks Each Hold over $20B in Foreclosures: Report

By: Carrie Bay New data released this week shows that the nation’s largest banks are holding monstrous volumes of soured home loans. Not only has the housing crisis left major lenders knee-deep in an ocean of non-performers, but added exposure to early delinquencies means they could sink even deeper. According to an analysis by Weiss […]

Continue reading...

Foreclosures Sales, REO Inventories Increase Along West Coast: Report

By: Carrie Bay ForeclosureRadar has released its September market report, and the company’s data shows that both foreclosure sales and inventories of bank-owned properties are on the rise throughout the West Coast states of Arizona, California, Nevada, Oregon, and Washington. Five major mortgage servicers have announced that are suspending certain foreclosure activities in various states. […]

Continue reading...