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• Negative equity gap nears $4 trillion

  The U.S. housing market contains a nearly $4 trillion negative equity hole, according to Williams Emmons, an economist with the Federal Reserve Bank of St. Louis . Emmons made that statement while speaking at HousingWire's 2012 REthink Symposium. Read More... Posted Tuesday, March 27, 2012 5:42 AM by Jeffrey D. Rubin, CDPE | 0 Comments Filed under: housing bubble, mortgage, negative equity

• Freddie CEO signals GSE principal reduction could be soon

  Freddie Mac CEO Charles "Ed" Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by the government-sponsored enterprises. In January, the Treasury Read More... Posted Friday, March 23, 2012 8:38 AM by Jeffrey D. Rubin, CDPE | 0 Comments Filed under: mortgage, Freddie Mac, HAMP, Treasure Department

• MERS's Business Model Ruled Illegal

  United States Bankruptcy Judge Robert Grossman has ruled that MERS's business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is Read More... Posted Monday, February 27, 2012 2:31 PM by Jeffrey D. Rubin, CDPE | 2 Comments Filed under: foreclosure, bankruptcy, mortgage, robo-signing