California Foreclosure Report Notes Big Lender Discounts In November ForeclosureRadar today issued today its California Foreclosure Report which showed a total of 12,282 properties with a loan value of $4.91 Billion dollars sold at auction in November. In addition to a review of foreclosure stats and county rankings, the California Foreclosure Report notes a significant rise in lender discounts at the foreclosure auctions. This is an important precedent not only for investors, but for Realtors working to get short sale and REO offers approved. (PRWeb Dec 14, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/RmFsdS1aZXRhLVN1bW0tU3VtbS1UaGlyLVplcm8=

Chief Deputy U. S. Marshal (INA) Claims That Sub-Prime Mortgage Collapse Is A Law Enforcement Problem And Announces National Mortgage Fraud Initiative Once considered a tolerable pastime of industry insiders and a relatively few unscrupulous borrowers; Predatory Lending and Mortgage Fraud including Fraudulent Foreclosures have spun America's $3 trillion mortgage market into a national crisis. Congress Against Racism and Corruption in Law Enforcement (CARCLE) and National Judicial Conduct and Disability Law Project, Inc. (NJCDLP) are spearheading a public awareness campaign among other national initiatives to promote early detection, prevention, and prosecution as appropriate of predatory lending and mortgage fraud schemes as well as related misuses of federal funds. (PRWeb Dec 13, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1aZXRhLVpldGEtU3VtbS1UaGlyLVplcm8=

Freezing Mortgages or Freezing the Real Estate Market? Eli Tene, the President of I Short Sale, Inc., a leading nationwide loss mitigation service provider, believes that the mortgage freeze plan is just another sign that the administration does not have the necessary tools to deal with a crisis. "If the goal is to help distressed homeowners, the mortgage rate freeze is missing the target," says Tene. (PRWeb Dec 13, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/RmFsdS1Ib3JyLVpldGEtU3VtbS1UaGlyLVplcm8=

Vietnam-to-China road to be built Vietnam will get a $1.1bn (£542m) loan from the Asian Development Bank to build a highway to mainland China.

Rate relief for homebuyers Homebuyers will see mortgage costs cut after the Bank of England reduced interest rates by a quarter of a percentage point from 5.75pc to 5.5pc this week.

The buy-to-let conundrum The woes of Paragon, the buy-to-let loan specialist, are likely to make mortgages for budding landlords more expensive. But it is far too early to call time on the sector as a whole, writes Paul Farrow.

Mortgage borrowers: a survivors guide The cost of mortgages has been rising for several months but there seems little respite. So what can homeowners do to alleviate the potential problems?

Lenders at fault on home loans UK sub-prime mortgage lenders are knowingly lending to people who cannot afford it, Citizens Advice says.