At long last, the robo-signing scandal may have finally played out. As evidence, please note the August Surge in Mortgage Default Warnings.
The number of U.S. homes that received an initial default notice -- the first step in the foreclosure process -- jumped 33 percent in August from July, foreclosure listing firm RealtyTrac Inc. said Thursday.
The increase represents a nine-month high and the biggest monthly gain in four years. The spike signals banks are starting to take swifter action against homeowners, nearly a year after processing issues led to a sharp slowdown in foreclosures.
Foreclosure activity began to slow last fall after problems surfaced with the way many lenders were handling foreclosure paperwork, namely shoddy mortgage paperwork comprising several shortcuts known collectively as robo-signing.
Many of the nation's largest banks reacted by temporarily ceasing all foreclosures, re-filing previously filed foreclosure cases and revisiting pending cases to prevent errors.
The Foreclosure Pipeline in New York is a staggering 57 years. The pipeline is 51 years in New Jersey. Please see Bad News Overwhelms; Foreclosure Pipeline in NY is 693 months and 621 Months in NJ for details.
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A collection of articles defining our times. The pages contain clickable links, don't let the titles fool you, some of the best articles have very non-descript titles and there are usually more articles on the matters in the days and week pages the links land on so it's a sort of treasure hunt through history, Enjoy!
Pages
- WELCOME TO THE NEW WORLD ODOR (#1) | (hint: It stinks)
- SAVED STUFF #9 (CLICKABLE LINKS)
- ALL ABOARD FOR 2024 (What you're voting for/against?) #5
- ALL ABOARD FOR 2024 (What you're voting for/against?) #4
- ALL ABOARD FOR 2024 (What you're voting for/against?) #3
- SAVED STUFF #8 (CLICKABLE LINKS)
- SAVED STUFF #7 (CLICKABLE LINKS)
- ALL ABOARD FOR 2024 (Look at what you're voting for/against?) #2
- ALL ABOARD FOR 2024 (Look at what you're voting for/against?)
- THE MID TERM ELECTIONS
- THE JANUARY 6TH FILES AND HEARINGS
- HOW THE AMERICAN DEMOCRATIC EXPERIMENT ENDS?
- Home
- THE HORRIBLE TRUMP PRES. 28
- AMERICA EXPOSED #4
- AMERICA EXPOSED #3
- AMERICA EXPOSED #2
- AMERICA EXPOSED
- THE HORRIBLE TRUMP 27
- THE HORRIBLE TRUMP 26
- THE HORRIBLE TRUMP 25
- THE HORRIBLE TRUMP PG 24
- THE HORRIBLE TRUMP 23
- THE HORRIBLE TRUMP 22
- The Horrible Trump Prsdncy 21
- The Horrible Trump Prsdncy 20
- The Horrible Trump P 19
- The Horrible Trump Prsdncy 18
- The Horrible Trump Prsdncy 17
- The Horrible Trump Prsdncy 16
- The Horrible Trump Prsdncy 15
- The Horrible T P 14
- T.H.T PRESIDENCY 13
- T. H. T. PRESIDENCY 12
- T.H.T. PRESIDENCY 11
- THE HORRIBLE T. P. 10
- HORRIBLE TRUMP 9
- THE HORRIBLE TRUMP PAGE 8
- THE HORRIBLE TRUMP PAGE 7
- THE HORRIBLE TRUMP PRESIDENCY 6
- THE HORRIBLE TRUMP PRESIDENCY 5
- THE HORRIBLE TRUMP PRESIDENCY 4
- HORRIBLE TRUMP PRESIDENCY ( PAGE 3)
- THE HORRIBLE. PRESIDENCY (2)
- THE HORRIBLE TRUMP PRESIDENCY
- THE 911 VIDEOS AND BASICS
- 911 Page Two
- JEFFERY EPSTEIN FILES (2) JULY 2024 (Clickable links)
- THE JEFFERY EPSTEIN FILES (clickable links)
- THE CORBET REPORTS
- MICHAEL COHEN HEARINGS COLLECTION
- THE MISC. COLLECTION AND THE LIBRARY LINK
- SAVED STUFF
- SAVED STUFF 2
- SAVED STUFF THREE (3)
- SAVED STUFF #4
- THE GREEN NEW PAGE
- SAVED STUFF #5
- SAVED STUFF #6
- Bag Man Podcast - Episode 1 - 7 | Rachel Maddow | MSNBC
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