[MedicalConspiracies] Foreclosures are at a Freeze (OT)

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Today's news that may be of interest to you: Courts Add To Foreclosure Delay The Wall Street Journal | October 11, 2010 The recent suspensions of foreclosures by four major companies that service mortgages compound a problem that had existed for years in states where foreclosures are handled by the courts.  Prospects for a Foreclosure Freeze Dim The Washington Post | October 11, 2010 The Obama administration does not support a nationwide moratorium on foreclosures at this time, Federal Housing Administration Commissioner David Stevens said Sunday in an e-mail response to questions. Worldwide Rules for 'Too Big to Fail'? The Washington Post | October 10, 2010 International bank regulators are planning a fresh wave of rules for the world's most important financial companies in an effort to ensure that firms considered "too big to fail" are better protected from collapse - and that taxpayers are insulated from the fallout if they do. Foreclosure Alarms Rang Months Ago The Washington Post | October 11, 2010 Consumer advocates and lawyers warned federal officials in recent years that the U.S. foreclosure system was designed to seize people's homes as fast as possible, often without regard to the rights of homeowners. Wells Fargo will not Join BofA in Foreclosure Suspension HousingWire | October 8, 2010 Wells Fargo will not suspend foreclosures and stands by the accuracy of its affidavits, Jason Menke, a spokesman for the San Francisco-based bank, told HousingWire Report: Bottom in Home Values Still Months Away DSNews | October 8, 2010 Home value depreciation remained steady in August after improvement stalled in July, according to the Zillow Real Estate Market Report released Friday. Fight Over Who has Legal Right to Foreclose Makes Mess Worse USA Today | October 10, 2010 When Randy Persten's mortgage was foreclosed in 2008, he looked at the paperwork and found a mystery. A company he'd never heard of - called Mortgage Electronic Registration Systems, or MERS - was bringing the foreclosure action against him. Extended Foreclosure Freeze Could Add Pressure on Hurting Housing Market The Hill | October 10, 2010 An extended halt of foreclosure proceedings could put additional pressure on an already strained housing market as federal and state officials press banks for answers on possible problems with mortgage paperwork. HUD to Roll Out Emergency Loan Program for Unemployed by Year-End DSNews | October 8, 2010 The nation's high level of unemployment has become a growing concern within the mortgage industry and is now one of the primary triggers of default among struggling homeowners. From the National Association of Realtors®: Foreclosure Halt Creates Problems for Buyers A recent focus on lenders' handling of mortgage paperwork for distressed properties could hold up transactions. Mortgages Hit Lowest Levels Since 1950s The last time borrowers could get rates this low, every television was black and white and Americans liked Ike.    Find me on:      Anthony V. Carollo / President Stewart Title of Spokane 606 W. 3rd Ave. Spokane, WA  99201 Telephone: 509.328.7171 Direct Line: 509.321.3939 Direct Fax: 866.652.8834 acarollo@stewart.com Please remember to choose Stewart Title of Spokane on your next transaction! www.StewartSpokane.com