Archive for June, 2010
DSNews.com - Loss Severity on Short Sales 13% Lower than REO: Report
Over the past year, the mortgage risk analysis firm Clayton Holdings says it has witnessed an overall increase in short sale activity. Because of the growing emphasis on keeping borrowers out of foreclosure, servicers are becoming more inclined to employ alternative loss mitigation strategies. And Clayton says the added benefit to servicers is that loss [...]
Diana Olick – End Mortgage-Interest Deduction: Cato’s Calabria
“Abolishing the mortgage-interest deduction, enjoyed by some 75 million homeowners, is a way to “end the subsidization of too much debt,” which was at the crux of the financial meltdown, a Cato Institute official told CNBC. It’s also a way to really tick off a lot of people. Americans who own homes, unlike those in [...]
