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Paul Brinkmann | South Florida Business Journal | “An apparent oversight by JPMorgan Chase Bank recently led to the dismissal of a foreclosure on Valerie Kaan’s $8 million waterfront home in Boca Raton. The bank requested dismissal of the 2008 case when Kaan’s attorney, Roy Oppenheim, objected to the sudden appearance of the original note on the loan. The bankRead more

Martin Michaels | Mint Press News | Protesters marched for International Workers Day on May Day in Minneapolis, Minn. (Photo/Fibonacci Blue via Flickr) “Last week, housing rights advocates in 15 U.S. cities delivered 10,000 petition signatures to Chase Bank branches demanding justice for Sergio Ceballos, a Minneapolis resident who faces what advocates believe is an unjust foreclosure proceeding.Read more

JANN SWANSON | Mortgage News Daily | “The Federal Reserve Bank of New York has updated and released proceedings of a conference it held last October in conjunction with the Rockefeller Institute of New York. The conference, entitled Distressed Residential Real Estate: Dimensions, Impacts, and Remedies was devoted to three main topics: An assessment volumes of properties thatRead more

Margaret Chadbourn | Reuters | “President Barack Obama is considering nominating Federal Reserve Governor Sarah Bloom Raskin to replace the U.S. Treasury Department’s No. 2 official, Neal Wolin, a source familiar with the matter said on Tuesday. Raskin, a former state banking regulator, has served on the U.S. central bank’s board since October 2010. She would bringRead more

eCreditDaily | “There is a considerably larger volume of loans in the foreclosure process in judicial states — where a judge presides — and that appears to be impeding home price recovery in those states. An analysis by the Federal Reserve Bank of New York shows that the average number of days that a mortgageRead more

Michael Sasso | Tribune Staff | “Fewer people are losing homes in the Tampa Bay area, but the region still has the nation’s sixth-highest foreclosure rate, a new ranking shows. In fact, metropolitan areas in Florida take up five of the six top spots in the nationwide ranking by RealtyTrac, a foreclosure research firm. That’s likelyRead more

Watch List News | “HARP Mortgage Lender, a national Internet network of pre-approved loan specialists qualified to deal in the Obama administration’s Home Affordable Refinance Program (HARP), reports that recent government figures see Florida borrowers using more HARP loans for deeply underwater borrowers than any state in the nation—a clear signal that updates made to the program,Read more

Steven Perlberg |   “Real estate investors are getting back in the flipping game, netting an average gross profit of nearly $20,000 on single family home flips in the first half of 2013. Home flips are up 19% from a year ago and 74% from the first half of 2011,according to a new report from Realtytrac .Read more

Shanthi Bharatwaj | NuWire | “A total of 127,790 properties had foreclosure filings in June, down 14% from the previous month and down 35% from a year ago, reaching their lowest level since December 2006, according to a report released by RealtyTrac. In the first half of 2013, a total of 801,359 properties had a foreclosureRead more

Josh Salman | Herald Tribune | “Courts across Florida are chipping away at massive foreclosure backlogs, and while that pace may accelerate thanks to a new law aimed at further expediting the process, choked court systems remain a reality throughout the state. In the 12th Judicial Circuit, which includes Sarasota, Manatee and DeSoto counties, more thanRead more