Nevada Still Highest Foreclosure Rate in Nation
RealtyTrac reported Nevada posted the nation’s highest foreclosure rate for the 52nd straight month with 1 in 97 housing units receiving a foreclosure notice in April. The 4,606 home repossessions were the highest number since RealtyTrac began tracking foreclosures in 2005 prior to the real estate collapse. April REOs outpaced March by 23% and April […]
MobileRJ interview with Tisha Black Chernine
Small drop in Nevada rate for troubled mortgages By John G. Edwards The percentage of residential mortgage loans that are delinquent in Nevada dropped a percentage point during the first quarter, but Nevada remains one of the country’s most troubled states for past-due mortgage loans and foreclosures, the Mortgage Bankers Association reported Thursday. The delinquency rate […]
Foreclosure & Mediation Bills Reviewed with Tisha Black of Black & LoBello
Robert Jenson of The Jenson Group talks with Tisha Black of Black & LoBello about how Nevada AB 284 will add transparency to the foreclosure process and create a standard of care for the trustee which does not currently exist in the state of Nevada. They also talk about Nevada AB 300 which, among other things, seeks […]
HARP Program Extended Through June 2012
If you are one of the few Nevada residents that is current on your mortgage and you are seeking a loan modification, good news! The Federal Housing Finance Agency has extended the Home Affordable Refinance Program to June 30, 2012. The program allows homeowners with loans administered by Fannie Mae or Freddie Mac, who are current […]
What can I expect from home loan interest rates in the future?
Carlos L. McDade, Esq., of Black & LoBello talks about the new HUD policy that will increase the cost of mortgage insurance and, as a result, raise the cost of home mortgages.
Has anyone been sent to jail yet for causing the financial meltdown?
What are some legal defenses I can use against foreclosure?
Obama Administration’s White Paper Proposes Phasing Out Fannie and Freddie
The Obama administration released its “white paper” outlining the winding down and replacement of Fannie Mae and Freddie Mac. The goal of the proposals is to decrease the government’s involvement in the mortgage industry. The first proposal presented by the administration would create a government backstop under a federal reinsurance model. In the second proposal […]
HOPE NOW Data Shows Increase in Loan Modifications in 2010
HOPE NOW, a group of mortgage servicers, investors, non-profit counselors, and mortgage insurers released its final 2010 numbers showing its members completed about 1.24 million loan modifications last year. During this same time, servicers also completed 512,712 Home Affordable Modification Program (HAMP) loan modifications. During December alone, approximately 100,000 loan modifications were completed. Faith Schwartz, […]
Report Indicates Nevadans are “Walking Away” From Distressed Properties
The Nevada Association of Realtors (hereinafter “NVAR”) recently released a report entitled “Face of Foreclosure.” This report paints a rather grim picture. It reports that more than 20% of Nevada homeowners have strategically defaulted and allowed a foreclosure to occur rather than pursuing other alternatives. The NVAR report explored the reason that people went to […]