News relating to foreclosures – including data, debate on its national economic impact, federal policies by the major political candidates, state proposals, affiliated scams, Wall Street’s failings and the Fed’s responses, foreclosure auctions and individual human interest stories – have continued unabated for the last year. There are no signs that the headlines will slow down.
The March 25th
Wall Street Journal’s lead story now reports that the “Wave of Foreclosures Drives Prices Lower, [and] Lures Buyers”. The story notes that the oversupply of homes on the market is triggering lenders’ fast sales.
Click here to read the full story.
To scan all of the nation’s news regarding foreclosures and default servicing, remember, to periodically check out UTA’s Industry Newsclips.
Simply click on "Industry Newsclips" under the “Latest Updates” on the website’s home page.