Lenders

Lenders

• More Santa Clara County homeowners get notices of default

  Mar. 16--The number of foreclosed homes scheduled for auction in Santa Clara and San Mateo counties remained flat in February after months of increases, according to a report released Monday.

   

• Ennis Homes to Emerge From Chapter 11 Next Month

  Builder will focus its construction and sales activities in central California.

   

• Stanislaus County tops for cheaters targeting lenders

  Mar. 14--Lenders are being warned there's a higher risk of mortgage fraud in Stanislaus County than anywhere else in the United States, and it's almost as bad in San Joaquin and Merced counties.

   

• Short sales bail out owners who owe more than home is worth

  Mar. 14--Nearly 30 percent of St. Louis homeowners are "upside down" on their mortgages -- they owe more than their house is worth, according to First American Corelogic.

   

• Frustrations with mortgage escrow bedevil borrower

  Mar. 14--Here's another report from the world of mortgage escrow, this week provided by Louis Giangiulio.

   

• Underwater homeowners leave behind mortgages, but lenders can still come calling

  Mar. 14--There's a rumbling in Las Vegas and it's growing louder every day.

   

• Homeowners seek help at Glendale foreclosure event

  GLENDALE, Ariz. - Hundreds of homeowners trying to avoid losing their homes to foreclosure met with housing counselors and lender representatives at an event in Glendale on Thursday.

   

• Short sales become foreclosure alternative

  Mar. 11--With the highly touted federal mortgage-modification program falling short of its target numbers, the government has looked into alternatives to foreclosure and come up with a possible, though not original, solution:

   

• More local homeowners faced mortgage trouble in January

  Mar. 9--More homeowners in the region have fallen behind in their mortgage payments or are facing foreclosure.

   

• Foreclosure-assistance pipeline clogged for Bank of America, other lenders

  Mar. 5--os-troublesome-banks-20100304

   

• Lenders say they can deal with raised foreclosure fee

  Mar. 4--Local lenders aren't overjoyed about a new foreclosure filing fee the Legislature adopted this week to help balance the state budget, but most of them doubt it will have much impact on their business.

   

• Increasing numbers of Californians are suing lenders to avoid foreclosures

  Mar. 3--Two weeks before their Sunnyvale home was to be auctioned off on the courthouse steps, Sonia Leverman and her sons seized on a desperate David-vs.-Goliath strategy: They sued their lender.

   

• Orleans Homebuilders Files Bankruptcy

  Despite sharp reductions in debt, land holdings, and headcount over the past three years, the builder ran out of time and cash before it could find a buyer.

   

• Local lender, investment company files bankruptcy

  Mar. 1--Ace Financial Corp., a Bakersfield real estate construction lender and investment company, has filed for Chapter 11 bankruptcy reorganization.

   

• Foreclosure rescues by last-resort lender failed nearly half the time

  Feb. 28--Aspen Capital, a powerhouse in Portland business circles, flourished for two decades by investing in high-stakes commercial real estate deals.

   

• Hundreds of homeowners in trouble attend mortgage-modification seminar

  Feb. 26--The monthly mortgage payment on Maria Segovia's Fort Lauderdale home jumped from $745 three years ago to more than $1,500.

   

• Dallas-Fort Worth foreclosures took a step back in 2009

  Feb. 26--Dallas-Fort Worth area home foreclosures for 2009 fell to their lowest level in three years.

   

• Recovery loans dissatisfy small-business owners, lenders, even a federal official

  Feb. 23--When Jimmie Hughes first heard about a new government-backed loan to help struggling small businesses make debt payments, he wanted to be first in line.

   

• Equity lenders using newfound leverage in short sales

  Feb. 21--Completing a "short sale" was hard enough in 2009, but since the New Year, some lenders have begun making last-minute demands for more money, real estate agents and analysts say.

   

• Orleans Homebuilders defaults on senior loans

  Feb. 19--Orleans Homebuilders Inc., of Bensalem, the Philadelphia area's oldest residential-construction company, is in default of loans to its senior lenders.