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Volume 2010 - Number 9

March 5, 2010

Foreclosure Bubble Expands as Loss Mitigation Efforts Lead to Rising Problem Loan Inventory

Loss mitigation is supposed to find cheaper alternatives to foreclosure, but industry experts are concerned that increasingly aggressive efforts by mortgage servicers are stretching out liquidation timelines and ultimately raising loss severities. Federal banking regulators reported an 80 percent increase in the number of foreclosures in process and a 125 percent jump in the number of loans 90 or more...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

vote to see results
Housing Pulse

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