Hidden Backlog of Foreclosures

Freddie Mac, the government-owned mortgage finance company, and Ally Financial, the large lender formerly. Freddie said that it expected the suspensions to delay the foreclosure process and add to.

The bureau’s investigation found that even though Flagstar faced a backlog of 13,000 applications asking for. 2,000 of the 6,500 loans reviewed by Flagstar lost their homes to foreclosure. It all.

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So that’s definitely slowed things down. But as that’s been happening, the backlog of foreclosures just keeps building up and building up. And this problem just keeps getting bigger and bigger. MARTIN.

Economic Signs of the Times ". When it is evening, ye say, It will be fair weather: for the sky is red. And in the morning, It will be foul weather to-day: for the sky is red and lowering.. citing an array of reports from which he argues that there is a hidden backlog of foreclosures.

"See No Evil, Hear No Evil" broward county court chief quits post; Follows The Money By Hopping Aboard Recently-slammed foreclosure mill, fort lauderdale-area court system Not Immune To ‘Kangaroo-Itis’ In Foreclosure Actions As Local Chief Judge Takes "See No Evil, Hear No Evil" Posture.

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Hidden Backlog of Foreclosures – blogspot.com – For a look at "negative equity", moratoriums, and other foreclosure issues please see Brace for a Wave of Foreclosures, the Dam is About to Break. transunion thinks national delinquency rates will begin to fall in the first half of 2010.

Shadow inventory refers to the hidden backlog of foreclosures or potential foreclosures that have yet to hit the market. That still leaves the nation with a massive problem: Millions of properties in foreclosure – a backlog that has overwhelmed the courts in many states.

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The foreclosure crisis in the Richmond area is in the distant rear view mirror, according to a Foreclosure Market Report released this morning. "The Richmond area has been in the normal or safe. The "Hidden Backlog" mentioned above (and highlighted in red) is within that pink area.

Planet Money friend Mike Konczal recently wrote about the tremendous backlog in foreclosures on his blog Rortybomb, where he shared this from the Analysis of Mortgage Servicing Performance: While the.

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